PURAVANKARA LIMITED

Develops and sells residential real estate across India, with Bengaluru and Mumbai as core markets and a smaller commercial leasing portfolio. In FY26, the business booked presales of ₹7,407 crores (+55% YoY) and collected ₹4,258 crores from customers, while reporting revenue of ₹3,739.83 crores. Average price realisation was ₹10,213 per sq ft for FY26, with premium and high-value housing (above ₹1 crore) making up 53% of sales. Six new projects were added in FY26 covering roughly 12 million sq ft of development potential with an estimated Gross Development Value (GDV) of ₹15,200 crores, including a Bandra launch with ₹2,700 crores GDV. The company also operates commercial assets Zentech (Bengaluru) and Aerocity, with Zentech roughly 44% pre-leased and Aerocity's occupancy certificate received. Other operating expenses dominate the cost base at 71.1% of revenue (largely land and construction costs), with materials at 9.2% and employee costs at 8.3%. Net debt stood at ₹2,321 crores with net debt-to-equity at 1.31x and cost of debt at 11.05%; the company is also evaluating data centres, warehousing, and senior-living as new verticals.