PURA stock, ticker PURA, nudged 2% higher, peaking at ₹215.1 before trimming to ₹209, a 0.4% slide, after the company released its Q2 operational update.
Pre‑sales leapt 62% YoY to ₹2,136 crore, with collections climbing 24% to ₹1,301 crore, while sales area expanded 22% to 1.83 million sq ft, and average price per sq ft surged 32% to ₹11,651, up from ₹8,814 a year ago.
The developer added 10.74 million sq ft of potential developable land across Bengaluru, Mumbai and Greater Noida in H1FY27, with a gross development value (GDV) of ₹8,900 cr for Q2 and a cumulative ₹14,100 cr, a sharp uptick against the sector's average pipeline expansion of 15%.
Three launches – Westend, Equinox 6 in Bengaluru and Miami in Mumbai – added 1 million sq ft of developable area, while 0.41 million sq ft of One Park Avenue in Mumbai was completed in September, bringing H1 completions to 2.13 million sq ft and 1,722 homes handed over, covering 1.92 million sq ft.
Separately, the sale of Purva Zentech to an ICICI Prudential‑backed entity closed at an enterprise value of ₹625.94 cr, adding a cash inflow that could support future launches.
MD Ashish Puravankara said the firm will keep scaling while staying disciplined on pricing and capital deployment; no new guidance was issued, but market watchers will look for the next quarterly report on December 31 for any revised targets.