Business updates12 Oct 2026 · Mon
PURVAPuravankara
Puravankara signs a Bengaluru land deal with a ₹2,500 crore development value
Puravankara signed a joint development agreement for 12.76 acres in Sathanur, North Bengaluru, with an estimated gross development value of ₹2,500 crore.
Price, Monday's close₹209.98▲ 1.31%
Last 5 days
52-week low ₹160.6952-week high ₹287.30
- Sector
- Real estate
What happened
- Puravankara signed a joint development agreement for a 12.76-acre parcel in Sathanur, North Bengaluru, according to Upstox and HDFC Sky.
- The company estimates a gross development value (GDV) of ₹2,500 crore and about 1.90 million square feet of saleable area.
- HDFC Sky said it is the eighth project added in FY27, taking the development potential to about 12.64 million square feet and the GDV to ₹16,600 crore.
- Of that, six Bengaluru land additions account for about 7.02 million square feet and ₹8,800 crore of GDV, HDFC Sky reported.
- The shares closed at ₹209.98, up 1.31%.
Why it matters
Good to know: In a joint development agreement the landowner provides the land and the developer builds on it. GDV is the estimated total sales value of a project, not revenue the company has booked.
Key facts
- Land
- 12.76 acres, Sathanur, North Bengaluru
- Estimated GDV
- ₹2,500 crore
- Saleable area
- About 1.90 million sq ft
- FY27 additions so far
- Eight projects, ₹16,600 crore GDV
Read the source
This is a summary of public news about Puravankara, for information only. It is not a recommendation to buy, sell or hold PURVA.