Puravankara Signs JDA for 11.23-Acre Land Parcel in North Bengaluru, Targeting Potential GDV of Rs 1,100 crore

Puravankara Signs JDA for 11.23-Acre Land Parcel in North Bengaluru, Targeting Potential GDV of Rs 1,100 crore​

Puravankara Limited, a leading real estate developer in India, has entered into a Joint Development Agreement (JDA) for a significant 11.23-acre land parcel located in Doddagubbi, North Bengaluru. This residential apartment project has been assessed with an estimated gross development value (GDV) of Rs 1,100 crore. The development is expected to yield a developable area of approximately 0.74 msft.

The strategic expansion aligns with Puravankara’s continued focus on high-demand urban corridors. Doddagubbi, North Bengaluru, is positioned within a rapidly evolving corridor, benefiting from strategic access to major areas including Hennur, Hebbal, Yelahanka, Manyata Tech Park, and Kempegowda International Airport. The location is supported by robust social and civic infrastructure, reputed educational institutions, leading healthcare facilities, and strong connectivity via NH44, making it a sought-after residential destination with significant long-term growth potential.

Ashish Puravankara, Managing Director of Puravankara Limited, highlighted the company's strong performance and market focus. He stated that Fiscal Year 2026 was a landmark period for the company, marking its highest ever annual sales of ₹7,407 crore, which represents a 55% year-over-year growth.

Puravankara noted that the joint development in North Bengaluru is a part of its strategy to expand using a calibrated and capital-efficient approach. The company remains focused on future growth, pointing toward an FY27 sales guidance of Rs. 11,200 crore.

Mallanna Sasalu, CEO - South, Puravankara Limited, emphasized the sustained importance of Bengaluru, calling it the company's largest and most important market. He mentioned that in FY26, Puravankara launched Purva Silversky and Purva Northern Lights in the city, alongside launching new phases in existing developments. These additions have bolstered the Bengaluru pipeline, which now represents over Rs. 13,800 crore of GDV.

Company Overview and Assets​

The Puravankara Group, headquartered in Bengaluru, has maintained a pan-India presence, catering to housing and plotted development needs for over five decades. The group’s operations are supported by wholly-owned subsidiaries, including Starworth Infrastructure and Construction Limited (SICL), which focuses on technology-enabled construction solutions. The company also operates its interior design arm, Purva Streaks, for integrated interior design solutions, alongside developing Grade A commercial real estate with a presence of approximately 3 million square feet.

As of March 31, 2026, Puravankara has achieved the following operational scale:

PURVA Stock Price Movement​

As of 10:41 AM, shares of Puravankara Limited are slipping by 0.22% in live trading, currently at ₹218.54. The stock has logged a total volume of 124,730 shares in the live market session.