• Q1 operational performance: Pre-sales grew 28% year-on-year to ₹1,439 crore alongside a 40% rise in collections, driven by average realizations increasing from around ₹8,900 to over ₹10,000 per square foot.
• Project launch pipeline: The company plans to launch 25 projects totaling 14.77 million square feet with an estimated GDV of ₹24,000 crore, requiring 30% to 40% of the value in construction expenses.
• Asset monetization: Puravankara signed a deal to sell 5.4 lakh square feet of a commercial asset to ICICI Prudential AMC at an enterprise value of roughly ₹650 crore, bringing around ₹495 crore to the balance sheet and paring debt by ₹350 crore.
• Regional market outlook: Management noted healthy absorption across southern markets and Mumbai, where Q1 sales reached nearly ₹400 crore, with four project launches slated for the second quarter.
• Land acquisition strategy: Bangalore's land bank is structured as 60% outright purchases and 40% joint developments backed by an HDFC platform, whereas Mumbai operations remain centered on redevelopment opportunities.