Puravankara rises on entering into JDA for 7.83-acre land parcel in South-East Bengaluru
Puravankara is currently trading at Rs. 215.60, up by 1.25 points or 0.58% from its previous closing of Rs. 214.35 on the BSE.
The scrip opened at Rs. 216.00 and has touched a high and low of Rs. 220.10 and Rs. 213.85 respectively. So far 11255 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 305.00 on 02-Sep-2025 and a 52 week low of Rs. 160.00 on 02-Mar-2026.
Last one week high and low of the scrip stood at Rs. 227.00 and Rs. 211.50 respectively. The current market cap of the company is Rs. 5146.15 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.20% and 7.79% respectively.
Puravankara has entered into a joint development agreement (JDA) for a 7.83-acre land parcel in South-East Bengaluru, with an estimated Gross Development Value (GDV) of Rs 1,100 crore. The project has a saleable area of around 0.89 million square feet (msft) and will be developed as a residential community, adding to the company's presence in this established South Bengaluru corridor. This marks the company’s fifth land transaction in Bengaluru for FY27, underscoring the calibrated approach and the pace at which the company continues to build its development pipeline in the city.
Strategically located in South-East Bengaluru, the site benefits from its proximity to the Electronic City employment corridor and access to Hosa Road and Hosur Road. The micro-market also benefits from connectivity via Namma Metro’s operational Yellow Line and has emerged as an established residential catchment for professionals working in Electronic City and nearby employment hubs. Improving infrastructure and sustained demand for quality housing continue to strengthen the corridor's long-term residential potential.
