Puravankara Limited, a leading Indian real estate developer, reported its Q1FY26 financial results, recording total revenue of Rs 539 crores and a net loss of Rs 69 crores. The company achieved sales of Rs 1,124 crores on a volume of 1.25 million sq. ft, with an average realisation of Rs 8,988 per sq. ft. Collections stood at Rs 857 crores. The company highlighted strong customer interest and confidence in its projects despite regulatory challenges such as e-Khata and byelaw changes. It reported new land acquisitions with a combined Gross Development Value (GDV) of Rs 6,400 crores, including a redevelopment project in Chembur, Mumbai (GDV over Rs 2,100 crores), a joint venture for a 24.59-acre parcel near Bengaluru International Airport (GDV over Rs 3,300 crores), and a Joint Development Agreement (JDA) for a 5.5-acre parcel in Balegere, East Bengaluru (GDV over Rs 1,000 crores). The company also noted that 3.65 million sq. ft (3,015 units) have received Occupancy Certificates and are awaiting e-Khata issuance. Despite regulatory delays, the company remains on track to deliver over 4,500 units in the financial year and launch 12.32 million sq. ft as per the revised timeline. The weighted average cost of debt is 11.35%, and net debt stands at Rs 2,825 crores with a net debt-to-equity ratio of 1.68. Industry analysts project continued growth in India's real estate sector due to strong demand, improved affordability, and favorable policy environments.

KVN Properties has partnered with Assetz Group to develop a residential project in North Bengaluru with an estimated Gross Development Value (GDV) of INR 1,000 crore. The project spans 6 acres and covers 10 lakh sq ft of developable area, with KVN Properties investing INR 500 crore. This marks KVN's second residential development, following a previous partnership with Puravankara Ltd for a INR 3,300 crore GDV project.

Non-Mumbai real estate developers are entering India's largest real estate market through redevelopment projects, leveraging policy incentives and the capital-efficient nature of redevelopment. Companies like Sobha, Arvind Smartspaces, DLF, and others are exploring opportunities in Mumbai, where limited open land and high property rates make redevelopment an attractive strategy.

Ravi Kumar has been appointed as the Group Chief Human Resources Officer (G-CHRO) at Puravankara, an Indian real-estate development company, to lead its workforce strategy during a period of expansion. Kumar previously held roles at Page Industries, Roche Diagnostics, and L&T Turbo, with over two decades of HR experience.

Puravankara Limited, a leading real estate conglomerate headquartered in Bengaluru, has appointed Ravi Kumar as Group Chief Human Resources Officer. Ravi brings over three decades of HR leadership experience across multiple sectors and geographies, including roles at Page Industries, Roche, Saint-Gobain, and Larsen & Toubro.