Bengaluru-based real estate developer Puravankara reported sales of ₹1,265 crore for the quarter that ended on December 31, up by 2 per cent year-on-year (YoY) compared to ₹1,241 crore during the same period last year, according to the company’s operational update filed on exchanges.

The cumulative sales value for the nine months ended December 31, 2024 (9MFY25) stood at ₹3,724 crore. Customer collections for Q3FY25 were at ₹993 crore, up 6 per cent YoY from ₹941 crore in the corresponding quarter of the previous year.

For 9MFY25, customer collections grew at 19 per cent, totalling ₹2,991 crore compared to ₹2,515 crore.

Ashish Puravankara, Managing Director, Puravankara Ltd., stated, “The increase in collections highlights our operational efficiency. Aligned with our acquisition strategy and growth plans for the current and upcoming financial year, we have invested approximately ₹1,100 crore this fiscal, adding a potential gross development value (GDV) of around ₹10,500 crore. This includes our recent acquisition on Kanakapura Road in Bengaluru.” The land parcel saleable area of 5.42 lakh sq. ft., is projected to generate a GDV of over ₹700 crore.

Despite delays in approvals resulting in fewer launches during 9MFY25, the company plans to accelerate its launch pipeline, aiming to deliver 15.70 million sq. ft. between Q4FY25 and Q1FY26.