Puravankara and Prestige Report Strong Q2 Sales Growth
Puravankara Limited and Prestige Estates Projects Ltd reported significant quarterly sales increases driven by high residential demand and expanded development pipelines in India.
Major Indian real estate developers reported strong growth for the second quarter of FY27, citing robust demand for branded housing. Puravankara Limited saw pre-sales jump 62% year-on-year to ₹2,136 crore, with average price realisation increasing 32% to ₹11,651 per square foot. The company also expanded its development pipeline by 10.74 million square feet across Bengaluru, Mumbai, and Greater Noida, and completed the ₹625.94 crore sale of its Purva Zentech commercial property to an ICICI Prudential AMC-backed entity.
Similarly, Prestige Estates Projects Ltd reported a 20% year-on-year increase in sales bookings for the quarter ended September 2026, totaling ₹7,225 crore. The developer recorded a residential sales volume of 5.84 million square feet and 3,910 units sold during the quarter. For the first half of the fiscal year, total pre-sales for Prestige reached ₹13,804.3 crore.
Leadership from both firms highlighted a focus on scaling and demand. Managing Director Ashish Puravankara emphasized maintaining discipline in pricing and capital deployment, while Chairman and Managing Director Irfan Razack noted the strong response to new launches and ongoing projects.
