Puravankara Q2: Sales Jump 109% to Rs2,762 Cr as Rs8,900 Cr of New GDV Is Added and Delhi-NCR Entered
India, Nov. 3 -- Real estate is a slow-burn business. A developer buys land, launches, sells, builds, hands over, and books revenue only at handover. That gap between sales and recognised revenue makes timing important, and the land pipeline decides what growth looks like years ahead. In land-scarce cities, joint development and redevelopment deals let developers add projects without buying every acre upfront.
The Nifty 50 was trading at 23,641.55, up 0.85%. Meanwhile, Sensex also rose 0.93% to 76,399.52 on Tuesday. Meanwhile, Shares of Puravankara Ltd. were trading at Rs. 205.27, up 1.05 percent from previous close of Rs. 203.14. The stock opened at Rs. 207.00 and reached an intraday high of Rs. 215.92 and low of Rs. 201.41. The compan...
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