Puravankara Secures 7.83 Acres Land Parcel in South-East Bengaluru with Rs 1,100 Crore Potential
Puravankara Limited, a recognized real estate developer, has entered into a joint development agreement (JDA) for a 7.83-acre land parcel located in South-East Bengaluru. The project is estimated to hold a Gross Development Value (GDV) of Rs 1,100 crore and is designated for a residential community. This new transaction marks the fifth land deal for the company in Bengaluru during the current fiscal year (FY27).Strategically situated in South-East Bengaluru, the site benefits from its location near the Electronic City employment corridor. The land is well-positioned with access to Hosa Road and Hosur Road, and it is also connected by Namma Metro's operational Yellow Line. This area has emerged as an established residential catchment for professionals working in Electronic City and surrounding employment hubs.
Ashish Puravankara, Managing Director of Puravankara Limited, commented on the development, stating that Bengaluru remains the anchor of the company’s growth trajectory. He noted that the JDA in South-East Bengaluru is consistent with the company’s approach to its pipeline this year, emphasizing disciplined structuring, a capital-light approach, and focusing on markets that show consistent end-user demand.
Mallanna Sasalu, CEO-South of Puravankara Limited, provided an update on the cumulative business development in Bengaluru for FY27. He noted that this parcel, which offers nearly a million square feet of saleable area, adds to a consistent pace of growth. This transaction brings the company’s cumulative FY27 business development in Bengaluru to approximately 49.76 acres, corresponding to an estimated GDV of Rs 6,300 crore and 5.12 msft of saleable area.
The recent acquisition is part of a concentrated effort to strengthen the company’s pipeline and optimize capital deployment in key growth corridors across the city.
The land additions made by Puravankara in Bengaluru during the fiscal year so far are summarized below:
| Month | Location | Agreement Type | Acreage | GDV | Saleable Area |
|---|---|---|---|---|---|
| August 2026 | South-East Bengaluru | JDA | 7.83 | Rs 1,100 crore | 0.89 msft |
| June 2026 | Sarjapur | JDA | 6.4 | Rs 1,000 crore | 0.80 msft |
| June 2026 | Sanna Ammanikere | Outright acquisition | 9.73 | Rs 800 crore | 0.89 msft |
| June 2026 | Doddagubbi | JDA | 11.23 | Rs 1,100 crore | 0.74 msft |
| May 2026 | Mandur | Secured | 14.57 | Rs 2,300 crore | 1.8 msft |
Puravankara Limited has a pan-India presence and has completed 97 projects, covering approximately 59 msft across nine cities, including Bengaluru, Chennai, Hyderabad, and Mumbai. The company maintains a total land bank of approximately 40 msft, with ongoing projects totaling 35.14 msft.
PURVA Stock Price Movement
Shares of Puravankara Limited are edging higher to ₹214.94 as of 9:34 AM today, after gaining 0.30% in live trading. The stock trades within a tight intraday range, having moved between ₹213.52 and ₹215.36.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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