Puravankara Signs Sarjapur Land JDA With ₹1,000 Crore GDV; Shares Rise

Mumbai, June 29: Puravankara Ltd has entered into a joint development agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru, where it plans to develop a premium residential project with an estimated gross development value (GDV) of ₹1,000 crore, the company said in an exchange filing on Monday.

The project is located in Kaggalipura village, Sarjapur Hobli, an area that has emerged as one of Bengaluru’s fastest-growing residential corridors, driven by improving connectivity and proximity to major employment hubs, including the city’s IT corridor.

According to the company, the latest acquisition takes its FY27 year-to-date project pipeline to ₹5,200 crore in potential GDV, reflecting its continued focus on strengthening its presence in high-demand urban markets through a mix of outright acquisitions and joint development agreements.

Commenting on the development, Ashish Puravankara, Managing Director of Puravankara Ltd, said Bengaluru continues to be a key growth market for the company, with the new project aligned to its strategy of securing quality land parcels in locations supported by strong infrastructure and housing demand.

Chief Executive Officer Mallanna Sasalu said the transaction further reinforces the company’s disciplined expansion strategy and follows four land deals announced earlier in the quarter. Together, those transactions cover around 41.93 acres with a cumulative estimated development potential of around 4.23 million square feet and a combined GDV of about ₹5,200 crore.

Stock Market Snapshot

Investors responded positively to the announcement, with the stock trading higher during Monday’s session.

As of 10:16 IST on June 29, 2026, Puravankara shares were trading at ₹216.60, up ₹3.63 or 1.70%. The Puravankara share price remained in positive territory as the market assessed the company’s expanding development pipeline and continued focus on Bengaluru, one of its core markets.

Land acquisitions and project additions are closely tracked by investors as they provide visibility into future launches, sales potential and revenue growth.

Company Background

Puravankara Ltd is one of India’s established real estate developers, with a presence across residential and commercial segments. Headquartered in Bengaluru, the company develops projects under the Puravankara, Provident Housing and Purva Land brands.

As of March 31, 2026, the company had completed 95 projects covering nearly 57 million square feet across nine cities. Its total land bank stood at around 40 million square feet, while ongoing projects accounted for 36.69 million square feet.

Conclusion

The Sarjapur joint development agreement adds another strategic project to Puravankara’s Bengaluru portfolio and strengthens its development pipeline for FY27. With an estimated GDV of ₹1,000 crore, the project reflects the company’s continued emphasis on expanding in high-growth micro-markets backed by sustained residential demand and infrastructure development.

Source:

• https://www.nseindia.com/get-quote/equity/PURVA/Puravankara-Limited
• https://nsearchives.nseindia.com/corporate/PURVA_29062026084952_SEintimation.pdf