Puravankara reports Q3 sales up 2%, collections up 6%, despite approval delays, with big investment plans.

Puravankara, an Indian real estate firm, reported a 2% rise in Q3FY25 sales to ₹1,265 crore and a 6% increase in customer collections to ₹993 crore compared to the previous year. For the first nine months of FY25, sales and collections reached ₹3,724 crore and ₹2,991 crore, respectively, with a 19% increase in collections. Despite facing delays in approvals, Puravankara plans to accelerate its project launches and has invested ₹1,100 crore, targeting a potential gross development value of ₹10,500 crore.

2 months ago
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