Bengaluru-based real estate developer Puravankara Limited saw its stock climb as much as 12.8% on the NSE on July 13, 2026, after the company reported a 28% year-on-year rise in pre-sales to ₹1,439 crore and a 40% jump in collections to ₹1,199 crore for the first quarter of FY27, according to exchange filings.
Sales volumes and price realisation improve
The company sold 1.36 million square feet during the quarter, up 9% YoY, while average price realisation rose 18% YoY to ₹10,589 per square foot. Puravankara also handed over 745 homes spanning 0.94 million square feet in the period.
Commercial asset sale to ICICI Prudential AMC
Separately, Puravankara signed a definitive agreement to sell its commercial property Purva Zentech to ICICI Prudential AMC for ₹625.94 crore — ₹145 crore of it via the sale of shares in the project SPV, with the balance to be realised through agreed balance-sheet adjustments.
₹5,200 crore added to project pipeline
The company added four land deals during the quarter covering roughly 41.93 acres, with a combined development potential of 4.23 million square feet and an estimated GDV of ₹5,200 crore:
- Sarjapura, Bengaluru — 6.4-acre JDA, GDV over ₹1,000 crore, 0.8 million sq ft
- Doddagubbi, North Bengaluru — 11.23-acre JDA, GDV over ₹1,100 crore, 0.74 million sq ft
- Sanna Ammanikere, North Bengaluru — 9.73-acre acquisition, GDV ~₹800 crore, 0.89 million sq ft
- Mandur, Bengaluru — 14.57-acre parcel, GDV ₹2,300 crore, 1.8 million sq ft
Mallanna Sasalu, CEO, Puravankara Limited, had said in a statement, “The mix of outright acquisitions and joint development agreements across key Bengaluru micro-markets reflects our calibrated growth strategy, combining scale creation with capital efficiency. The pace, scale, and quality of these additions indicate that the company is moving in the right direction and steadily strengthening its development pipeline in Bengaluru. Notably, in Q1FY27 alone, Puravankara announced four land transactions in quick succession, underlining the company’s strong business development momentum and the ability to add high-potential projects to its portfolio consistently. Together, these deals span approximately 41.93 acres, with a cumulative development potential of around 4.23 msft and a total estimated GDV of Rs 5,200 crore.”
Puravankara shares were trading at ₹252.80 as of 12:19 pm IST on July 13, up 12.83% from the previous close.
The company, which has a pan-India footprint, has delivered 95 projects totalling around 57 million square feet across nine cities, and holds a land bank of about 40 million square feet with 36.69 million square feet under ongoing development.
