Puravankara Stock Gains on Rs 1,100 Cr Bengaluru Land Deal

Puravankara shares advanced by 0.58% on the BSE, trading at Rs. 215.60, following the announcement of a significant Joint Development Agreement (JDA). This agreement covers a 7.83-acre land parcel in South-East Bengaluru, with an estimated Gross Development Value (GDV) of Rs 1,100 crore.

Market Snapshot

• Current Trading Price: Rs. 215.60
• Gain from Previous Close: 1.25 points (0.58%)
• Previous Close: Rs. 214.35
• Opened At: Rs. 216.00
• Day’s High: Rs. 220.10
• Day’s Low: Rs. 213.85
• Shares Traded: 11255
• 52-Week High: Rs. 305.00 (02-Sep-2025)
• 52-Week Low: Rs. 160.00 (02-Mar-2026)
• Last Week High: Rs. 227.00
• Last Week Low: Rs. 211.50

The JDA specifically targets the development of a residential community offering approximately 0.89 million square feet (msft) of saleable area. This move reinforces Puravankara’s strategic presence within the established South Bengaluru corridor.

Project & Company Metrics

• Land Parcel Size: 7.83 acres
• Estimated Gross Development Value (GDV): Rs 1,100 crore
• Saleable Area: 0.89 million square feet
• Current Market Cap: Rs. 5146.15 crore
• Promoters Holding: 75.00%
• Institutions Holding: 17.20%
• Non-Institutions Holding: 7.79%

This marks the company’s fifth land transaction in Bengaluru for FY27, highlighting a measured strategy to expand its development pipeline in the city. The site’s location in South-East Bengaluru is critical due to its proximity to the Electronic City employment corridor.

Strategic Location Advantages

• Proximity to Electronic City employment corridor
• Access to Hosa Road and Hosur Road
• Connectivity via Namma Metro’s operational Yellow Line
• Established residential catchment for professionals

The micro-market continues to benefit from improving infrastructure and a sustained demand for quality housing. These factors collectively strengthen the corridor’s long-term residential potential, aligning with Puravankara’s expansion strategy.