Design Conclave 2023: A Resounding Success in the World of Infrastructure, Architecture and Design aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Bengaluru (Karnataka) [India], November 7 (ANI/BusinessWire India): Puravankara reports highest ever sales for Q2 and for H1 of any financial year since inception. - Highest-ever sales for the second quarter and the first half of any financial year - H1FY23 saw sales value grow to Rs 1,300+ Cr - Recorded quarterly sales of Rs 791 crores, area sold stood at 1.07 msft during Q2FY23 - Robust launch pipeline of upcoming projects of 15 msft Commenting on the company's performance, Ashish R Puravankara, Managing Director, Puravankara Limited, said, "We have achieved the highest-ever sales for the second quarter and the first half of any financial year. Construction milestones are being achieved every quarter. H1FY23 saw sales value grow to Rs 1,300+ Cr, compared to Rs 900+ Cr. for a similar period last year. Similarly, collections grew to Rs 925 Cr. vs Rs 620 Cr. for a similar period last year, implying an increase of almost 50 per cent. In Q2, our collections from residential sales
Bengaluru (Karnataka) [India], August 12 (ANI/BusinessWire India): Puravankara Limited announced its results for the first quarter of FY23. - Recorded highest ever first-quarter sales of Rs 513 crores from ongoing projects, area sold stood at 0.69 msft - Profit After Tax for Q1FY23 at Rs 35 Crore up 258 per cent qoq - Operating inflows stood at Rs 667 Cr up 16 per cent qoq Commenting on the company's performance, Ashish R Puravankara, Managing Director, Puravankara Limited, said, "We believe India's real estate will continue to witness sustained growth momentum, which will be fueled by favourable market forces, government measures, and positive customer sentiment. We are delighted that the new financial year has begun on a positive note, with the Company achieving its highest ever sales in the first quarter of any financial year. And this is remarkable as it has been achieved in an inflationary environment and without any new launches. Despite the challenging environment,
RBI's decision to keep key policy rates unchanged will lead to continuation of low interest rates on home loans and support ongoing recovery of housing demand, according to real estate developers and consultants.
Puravankara announces Credit Rating Upgrade by India Ratings and Research equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.