Puravankara Sees Robust Growth in Q2FY25 with Record Sales and Strategic Expansions

Puravankara Limited, a leading real estate developer in India, reported a significant 18% increase in sales to Rs 1,331 crore for Q2FY25. The company also entered the luxury South Mumbai market and expanded its footprint in Mumbai and Bengaluru. India's economic growth boosts Puravankara's outlook and strategic opportunities.

Puravankara Limited, one of India's most trusted real estate developers, has announced an 18% rise in sales to Rs 1,331 crore for the second quarter of FY25, compared to Rs 1,128 crore in the first quarter.

In a strategic move, the company acquired redevelopment rights in the luxury South Mumbai market and expanded its presence in key regions such as Mumbai, Bengaluru, and Goa. This expansion includes acquiring over 5.75 million square feet of saleable area, with a potential Gross Development Value (GDV) of over Rs 10,000 crore in the current financial year.

The positive growth comes amidst favorable economic conditions in India, as the economy continues to grow robustly with a forecasted growth rate of 7% for FY25. Puravankara is well-positioned to capitalize on these opportunities, further expanding its impressive portfolio and market presence.

(With inputs from agencies.)