Puravankara shines on acquiring 9.73-acre land parcel in Bengaluru
Puravankara is currently trading at Rs. 217.50, up by 2.95 points or 1.37% from its previous closing of Rs. 214.55 on the BSE.
The scrip opened at Rs. 214.95 and has touched a high and low of Rs. 220.50 and Rs. 214.95 respectively. So far 6339 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 306.00 on 17-Jun-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. 220.50 and Rs. 201.00 respectively. The current market cap of the company is Rs. 5158.01 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.26% and 7.73% respectively.
Puravankara has acquired a 9.73-acre land parcel at Sanna Ammanikere in North Bengaluru’s fast-developing airport corridor. The outright acquisition has a development potential of around 0.89 million sq ft, with an estimated gross development value (GDV) of Rs 800 crore.
The acquisition reinforces the company’s strategy of strengthening its presence across high-growth Bengaluru micro-markets through a balanced mix of outright purchases and capital-efficient partnerships. The upcoming residential development will cater to the growing demand for thoughtfully designed homes in well-connected urban growth corridors.
The land parcel is located in the Devanahalli growth corridor, with connectivity to Kempegowda International Airport and access to key employment hubs. The region continues to benefit from the northward expansion of Bengaluru’s technology, aerospace, logistics and commercial ecosystems, supported by major infrastructure developments such as the Airport Metro, Satellite Town Ring Road, Aerospace Park and Airport City. Improving connectivity, planned infrastructure upgrades and expanding social amenities are expected to further strengthen the corridor’s appeal as a residential and commercial growth destination.
