Puravankara Ltd(PURVA)

NSE: PURVABSE: 532891

₹ 185.4-4.75%refreshed 23 Oct, 03:52 pm ISTMarket cap: ₹ 4,397 crWebsite: www.puravankara.comUpdated: 24 Oct 2026

About

Puravankara Ltd is a Bengaluru-headquartered residential and commercial real estate developer operating primarily across South India and Mumbai, with early-stage presence in Pune and Sri Lanka, and entered Delhi-NCR in 2026. In FY26 the company delivered all-time-high pre-sales of ₹7,407 cr on 7.25 msft and reported total revenue of ₹3,739.83 cr. Its land bank stood at ~40 msft as of Jun-2026.^[1][2][3]

Pre-sales and collections

Q2 FY27 pre-sales were ₹2,136 cr, up 62% YoY from ₹1,322 cr in Q2 FY26 and up from ₹1,439 cr in Q1 FY27; sales area 1.83 msft (+22% YoY).^[3][4]
Q2 FY27 customer collections were ₹1,301 cr, up 24% YoY from ₹1,047 cr in Q2 FY26 and ₹1,199 cr in Q1 FY27.^[3][4]
FY26 pre-sales reached an all-time high of ₹7,407 cr (+55% YoY) on 7.25 msft (+28% YoY), driven by Q4 launches including Purva Northern Lights and Purva Estrella.^[1]
FY26 collections of ₹4,258 cr (+15% YoY).^[1]
FY25 pre-sales were ₹5,006 cr on 5.67 msft; average realization ₹8,830/sft; customer collections ₹3,937 cr.^[5]

Average selling price and product mix

Q2 FY27 average realisation was ₹11,651/sft, up 32% YoY from ₹8,814/sft in Q2 FY26 and from ₹10,589/sft in Q1 FY27, helped partly by Mumbai mix.^[3]
Q4 FY26 average realization rose 37% YoY to ₹11,787/sft; FY26 full-year realization rose 21% YoY to ₹10,213/sft.^[1]
West & Commercial realization in Q1 FY27 rose to ₹14,390/sft from ₹9,075/sft (+59% YoY), driven by Purva Estrella (Lokhandwala) and Purva Miami (Breach Candy).^[6]
Purva Estrella at Lokhandwala (Mumbai) contributed slightly over ₹800 cr of Q4 FY26 pre-sales in its launch quarter.^[1]

Land bank and business development

Land bank of ~40 msft as of Jun-2026.^[3]
Q2 FY27 added 6.51 msft / ₹8,900 cr GDV; H1 FY27 additions total 10.74 msft / ₹14,100 cr GDV.^[3]
Entered Delhi-NCR with a 13.44-acre Greater Noida parcel: 4.57 msft developable, ₹5,200 cr GDV potential (Sep 2026).^[3][7]
Added a Goregaon West (Mumbai) redevelopment with ₹2,600 cr GDV in Q2 FY27.^[3]
Q1 FY27 added four Bengaluru parcels (Sarjapur, Doddagubbi, Sanna Ammanikere, Mandur) totalling 41.93 acres / 4.23 msft, ₹5,200 cr GDV.^[6]
FY26 business development added six projects totalling ~12 msft and ₹15,200 cr GDV across Mumbai (Chembur ₹2,100 cr, Malabar Hills ₹2,700 cr) and Bengaluru.^[1]
30-project pipeline of 51.14 msft / ₹55,000+ cr GDV planned for launch over the 24 months from end-FY26.^[1]

Launches and handovers

Q2 FY27 launched three projects (Westend, Miami Mumbai, Equinox 6) totalling 1.00 msft; H1 FY27 launches were 1.13 msft.^[3]
Handed over 977 homes (0.97 msft) in Q2 FY27 and 1,722 homes (1.92 msft) in H1 FY27; H1 FY27 completions were 2.13 msft.^[3]
FY26 handovers were 3,747 homes / 4.25 msft.^[1]
As of June 30, 2026, completed inventory of 3.20 msft (2,777 units) was handed over but pending accounting recognition, vs 1.79 msft in Q4 FY25.^[6]

Upcoming projects

Pali Hills / Deccan Mumbai redevelopment (₹2,700 cr GDV): launch targeted October - November 2026 as of Q1 FY27.^[6]
Malabar Hills redevelopment (₹2,700 cr GDV) and Chembur redevelopment (₹2,100 cr GDV) targeted for Q3 - Q4 FY27 launch.^[1]
Hebbal Bengaluru commercial project (~1.3 msft) construction targeted to start by end of Q4 FY27.^[6]
Evaluating data center, warehousing and retail (3 lakh sft in Thane) as new verticals; no timeline committed.^[1]

Geographic presence

South India targeted to contribute ~₹7,000 cr of the FY27 pre-sales target of ₹11,200 cr.^[1]
Mumbai and Pune share of group sales grew from 15% in FY25 to 25% in H1 FY26.^[8]
Ongoing interest in Colombo, Sri Lanka.^[5]

Commercial assets

Aerocity Bengaluru Phase 1: OC received for 1.3 msft in May 2026; no leases closed as of Q1 FY27; target rental ₹60 - 65/sft.^[6]
Aerocity Phase 2 (0.9 msft) construction to start once 70 - 80% of Phase 1 is leased.^[9]

Recent developments

13 Oct 2026: Signed a JDA for a 12.76-acre parcel in Sathanur, Bengaluru, with 1.90 msft saleable area and estimated GDV of Rs 2,500 crore.^[10]
30 Sep 2026: Completed sale of Purva Zentech to an ICICI Prudential AMC-backed entity at an enterprise value of ₹625.94 cr.^[3]
FY27 gross debt reduction target of ₹700 cr; ₹74 cr reduced in Q1 FY27.^[6]

Market Cap

₹4,397 Cr

High / Low

₹289 / 160

Stock P/E

30.0

Price / Book

2.7

Book Value

₹75

EPS

₹2.7

No. of Shares

23.71 Cr

ROCE

11.3%

ROE

3.6%

OPM

19.7%

Debt / Equity

3.12

Sales

₹3,740 Cr

Net Profit

₹57 Cr

Promoter holding

75.0%

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