Puravankara Signs ₹2,500 Crore Bengaluru JDA; Shares Rise 1.56%

Mumbai, October 12: Puravankara Limited has signed a joint development agreement (JDA) for a 12.76-acre land parcel in Sathanur, North Bengaluru, with an estimated gross development value (GDV) of ₹2,500 crore.

According to the company’s press release submitted to the stock exchanges, the proposed residential development will have an estimated saleable area of around 1.90 million square feet. The project is expected to expand Puravankara’s development pipeline in Bengaluru, where it continues to pursue land additions in areas with potential for residential demand.

Managing Director Ashish Puravankara said the agreement aligns with the company’s focus on adding projects that offer scale and long-term growth potential. The company said it would continue to assess opportunities across its key markets while maintaining a disciplined approach to capital allocation.

Stock Market Snapshot

The Puravankara share price stood at ₹210.50 as of 12:58:09 PM IST on October 12, 2026, according to the market data.

The stock was up ₹3.24, or 1.56%, at the time. Shares traded near ₹207 to ₹208 for much of the morning before moving above ₹210 around midday.

The share price movement came on the day the company announced the Sathanur development agreement, although the disclosure alone does not establish the reason for the stock’s rise.

Bengaluru Project Adds To FY27 Development Pipeline

The Sathanur project forms part of Puravankara’s planned business development additions for FY27. The company said its additions so far comprise eight projects with combined development potential of around 12.64 million square feet across Bengaluru, Mumbai and the Delhi-NCR market, with an estimated total GDV of ₹16,600 crore.

Within Bengaluru, the company cited six land additions, including Sathanur, Mandur, Doddagubbi, Sanna Amanikere, Sarjapur and South-East Bengaluru. These are estimated to offer approximately 7.02 million square feet of development potential and a combined GDV of ₹8,800 crore.

The company also reported a redevelopment project in Goregaon West, Mumbai, with an estimated GDV of ₹2,600 crore, and a Greater Noida land parcel with an estimated GDV of ₹5,200 crore.

Conclusion

The Sathanur agreement adds a 12.76-acre parcel to Puravankara’s Bengaluru development pipeline, with the proposed project carrying an estimated GDV of ₹2,500 crore and saleable area of approximately 1.90 million square feet.

The company said the addition supports its broader expansion plans across Bengaluru, Mumbai and Delhi-NCR. Puravankara shares were up 1.56% at ₹210.50 as of 12:58:09 PM IST on October 12, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/PURVA/Puravankara-Limited
• https://nsearchives.nseindia.com/corporate/PURVA_12102026121738_SEintimation.pdf