Puravankara Secures Bengaluru Land Parcel; Shares Rise 1.64% 

Mumbai, May 25: Puravankara Limited announced the acquisition of a 14.57-acre land parcel in Mandur, Bengaluru, with a projected gross development value of approximately ₹2,300 crore, according to an exchange disclosure submitted to BSE and the National Stock Exchange of India Limited. 

The company stated that 7.92 acres of the land parcel forms part of a joint development agreement, while the remaining 6.65 acres has been acquired outright. The proposed project area is expected to have a total saleable area of around 1.8 million square feet. 

The land parcel is located in Bengaluru’s eastern corridor near the Whitefield-Kadugodi micro-market. The company said the site offers access to Whitefield, KR Puram, ITPL and the Outer Ring Road, while also benefiting from connectivity to Kempegowda International Airport. 

According to the company’s press release on Monday, the acquisition aligns with its strategy of strengthening the residential portfolio in high-demand urban micro-markets through capital-efficient structures including joint developments. 

Managing Director Ashish Puravankara said the transaction supports the company’s launch pipeline strategy and increases the developable area in Bengaluru to 25.61 million square feet. 

Stock Market Snapshot 

Puravankara share price rose after the regulatory filing disclosed the acquisition and projected revenue potential from the Bengaluru project. 

Shares of Puravankara Limited traded at ₹229.31 on the NSE as of 10:27 AM IST on May 25, 2026, compared with the previous close of ₹225.60. The stock was up 1.64% so far during the trading session. 

According to exchange data, the stock touched ₹233.24 and a low of ₹226.04 during early trade. Market participants tracked the acquisition as part of the company’s ongoing expansion in Bengaluru’s residential real estate market. 

The company also stated that during FY26 it strengthened its Bengaluru development pipeline through acquisitions and JDAs across locations including Hennur Road, Anekal Taluk, Balagere East Bengaluru and KIADB Hardware Park, with cumulative estimated GDV of approximately ₹10,400 crore. 

Company Background 

Puravankara Limited is a Bengaluru-headquartered real estate developer with operations spanning residential housing, plotted developments and commercial real estate projects. 

The group operates across multiple Indian cities including Bengaluru, Chennai, Hyderabad, Kochi, Mumbai, Pune and Goa. The company said it has completed 95 projects covering nearly 57 million square feet across nine cities as of March 31, 2026. 

Its subsidiaries and associated businesses include Starworth Infrastructure and Construction Limited and Purva Streaks, which focuses on integrated interior design solutions. 

The company’s total land bank stood at approximately 40 million square feet, while ongoing projects accounted for an additional 36.69 million square feet, according to the company statement. 

Conclusion 

The latest acquisition adds another sizeable residential development opportunity to Puravankara’s eastern Bengaluru portfolio at a time when developers continue to expand land holdings in infrastructure-linked urban corridors. 

The transaction also reflects the increasing use of joint development structures by listed real estate companies to scale project pipelines while managing capital allocation. Investors responded positively to the disclosure, with the stock trading higher during the morning session on Monday. 

 Source: 

• https://www.nseindia.com/get-quote/equity/PURVA/Puravankara-Limited 
• https://nsearchives.nseindia.com/corporate/PURVA_25052026090649_SEintimation.pdf