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Puravankara Continues to Display Strong Performance in H1FY24, Records INR 2,725 crores in Sale Value, up by 109 per cent

Pti: Puravankara Continues to Display Strong Performance in H1FY24, Records INR 2,725 crores in Sale Value, up by 109 per cent

Puravankara s sales bookings jump over two-fold to Rs 1,600 crore in Q2 FY24, ET RealEstate

In a regulatory filing, Puravankara Ltd informed that the company s sale bookings in value terms rose 89 per cent to 2.01 million square feet in July-September period from 1.07 million in the year-ago period.

Stocks in news: Titan, RIL, Puravankara, Bank of Baroda, Biocon

Titan Co has clocked 20% year-on-year growth in its revenues for the second quarter ended September 2023. A total of 81 stores were added in this period, taking the groups retail presence to 2,859 stores.

Don t see increased supply as a challenge for next 2-3 years: Puravankara Group CEO, ET RealEstate

Puravankara: “In any project between the time of the launch and delivery, typically there is a 50-60% price increase across the board. In ready-to-move-in inventory versus a new launch, there is a gap and a price change that happens between the two. Keeping that in mind, the average realisation has gone up by about 10-12% and the trend is continuing.”

puravankara: Don t see increased supply as a challenge for next 2-3 years: Puravankara Group CEO

“In any project between the time of the launch and delivery, typically there is a 50-60% price increase across the board. In ready-to-move-in inventory versus a new launch, there is a gap and a price change that happens between the two. Keeping that in mind, the average realisation has gone up by about 10-12% and the trend is continuing.”

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