Puravankara's sales booking fell 19 percent during Q1 (April-June) of 2020-21 to Rs 398 crore due to the nationwide lockdown to control the COVID-19 pandemic. The company sold 536 properties in Q1FY21 as against 638 units in the year-ago period.
Sales booking in value terms dropped to Rs 398 crore from Rs 493 crore, while in volume terms it dipped to 0.69 million sq ft in the period under review from 0.79 million sq ft. The sales realisation decreased to Rs 5,767 per sq ft in April-June of this financial year from Rs 6,239 per sq ft in the same quarter of last fiscal year.
Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.
