New Delhi, Oct 10: Realty agency Puravankara Ltd’s sale bookings fell 17 per cent to Rs 1,331 crore within the second quarter of this fiscal yr regardless of robust housing demand.
Its sale bookings stood at Rs 1,600 crore within the year-ago interval.
The corporate offered properties value Rs 2,459 crore throughout the first six months of this fiscal yr, down from Rs 2,725 crore within the corresponding interval of the earlier yr.
“In Q2FY25, we have now achieved collections of Rs 1,033 crore and pre-sales of Rs 1,331 crore principally from sustenance gross sales. Our efficiency continues to replicate strong housing demand throughout key markets, pushed by our strategic deal with customer-centric choices and operational efficiencies,” Ashish Puravankara, Managing Director of Puravankara Ltd, stated.
Within the first half of the fiscal, he stated the corporate witnessed sustained traction throughout its portfolio and continued to replenish land financial institution by buying over 5.75 million sq. toes of saleable space in Mumbai, Bengaluru and Goa with a complete potential GDV (gross improvement worth) of round Rs 10,000 crore-plus on this monetary yr.
“We stay assured in sustaining this development momentum as we put together for the festive season, with over 12 million sq. toes of latest launches for the second half of the monetary yr with potential GDV of over Rs 13,000 crore,” Ashish stated.
Bengaluru-based Puravankara is likely one of the main actual property companies within the nation. (PTI)