Puravankara Posts Record FY26 Sales, Unveils ₹55,000 Crore Pipeline

Puravankara Limited has closed FY26 with its strongest financial performance to date. The Bengaluru-headquartered developer reported the highest-ever annual sales of ₹7,407 crore, a 55% increase year-on-year from ₹4,783 crore. The momentum was particularly sharp in the final quarter, with quarterly sales surging 190% year-on-year to Rs 3,547 crore in Q4FY26 alone. Notably, this performance came in well ahead of expectations: Puravankara delivered exceptional FY26 performance, surpassing its sales guidance of Rs 6,000 crore by 23% with actual sales of Rs 7,407 crore.

Customer collections also climbed meaningfully during the year. Customer collections reached Rs 1,213 crore in the quarter and Rs 4,258 crore for the year, up 36% and 15% respectively, while average price realisation climbed 21% to Rs 10,213 per square foot. On the delivery side, the developer handed over 3,747 homes totalling 4.25 million square feet in FY26 and expanded its growth pipeline by adding 13.6 million square feet with an estimated gross development value of Rs 15,200 crore. Profitability improved sharply too, with the company reporting a 131% year-on-year increase in consolidated PAT to ₹58 crore for FY26, supported by record annual sales of ₹7,407 crore.

The headline number for homebuyers and investors watching the company's growth trajectory is the scale of upcoming supply. Puravankara Limited has outlined an aggressive expansion plan, targeting the launch of 30 projects over the next two years, with a pipeline spanning 51.14 million square feet (sq ft) and an estimated gross development value (GDV) of over ₹55,000 crore. The bulk of these developments will be concentrated in South India and Mumbai, company executives said. Importantly for buyers concerned about execution risk, a large number of these 30 projects are already in the approval stage, and a few are in the design stage and are set to be approved shortly.

Managing Director Ashish Puravankara framed FY26 as an inflection point for the company. Our FY26 performance marks a clear transition into our next phase of growth. With a strengthened pipeline, improved realisations, and sustained collections, we are now operating at scale and momentum. He added confidence about the road ahead: As we move ahead, we are confident of accelerating growth, backed by a robust pipeline, disciplined capital allocation, and a clear strategy to deliver sustained value for our stakeholders.

CEO-South Mallanna Sasalu offered more granularity on near-term execution, noting that the company's near-term pipeline alone, valued at ₹35,636 crore, translates to roughly 33 million square feet of launches over the next 30 months, with around 25 million square feet concentrated in southern markets, with the remainder in the West, where higher realisations, particularly in Mumbai, drive value. He also addressed how the land-heavy pipeline is funded, pointing out that nearly 70 to 75 per cent of project costs, largely land, have already been incurred, reducing execution risk for upcoming launches, and that the land is largely secured, and what remains is design, approvals, and phased execution, with construction funded through internal accruals, customer advances, and institutional partnerships.

During FY26, the company backed this growth with real launches on the ground. It launched three new projects, Purva Silversky and Purva Northern Lights in Bengaluru, and Purva Estrella in Mumbai, with new phases across 7 existing projects in Bengaluru, Mumbai, Kochi, Pune, and Chennai, taking the total launch area during the year to 6.39 msft. On the delivery front, it also completed Purva Oakshire and Purva Sound of Water in Bengaluru, along with six phases across existing projects, resulting in the highest-ever total completed area of 4.53 msft in FY26. The company has additionally strengthened its Mumbai land bank, with a series of strategic acquisitions and joint development agreements across Bengaluru and Mumbai worth approximately ₹15,200 crore, and a decisive entry into premium Mumbai redevelopment anchored by the Malabar Hill and Chembur transactions.

Looking ahead, the company has set an ambitious bar for FY27. According to recent disclosures, the company reported its highest-ever annual sales of ₹7,407 crore in FY26, a 55% year-over-year increase, and set a sales guidance of ₹11,200 crore for FY27, with ₹7,000 crore expected from the Southern market, and a targeted debt reduction of ₹750 crore. For homebuyers, this translates into a steady stream of new project launches across Bengaluru, Chennai, Kochi, Pune and Mumbai over the coming two years — a period when early-bird pricing and phase-1 inventory are typically most attractive.

For prospective buyers, the scale-up matters in practical terms: more launch inventory generally means wider choice across configurations and price points, while an expanding, well-collateralised pipeline signals financial stability at a developer whose projects buyers are trusting with long-term investments. As always, buyers evaluating any of Puravankara's upcoming launches should check project-specific RERA registration, approval status, and payment schedules before booking.