Puravankara soars on inking joint development pact for 12.76-acre land parcel in North Bengaluru
Puravankara is currently trading at Rs. 210.80, up by 4.05 points or 1.96% from its previous closing of Rs. 206.75 on the BSE.
The scrip opened at Rs. 205.95 and has touched a high and low of Rs. 213.75 and Rs. 205.90 respectively. So far 5503 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 288.65 on 23-Dec-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. 213.75 and Rs. 200.75 respectively. The current market cap of the company is Rs. 4982.51 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 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 Rs 2,500 crore. The proposed development, with a saleable area of around 1.90 million square feet (msft), will strengthen the company’s residential development pipeline in Bengaluru and reinforce its focus on high potential micro-markets and strategic land additions.
With the proposed Sathanur development, the company’s business development additions for FY27 so far comprise eight projects with a combined development potential of around 12.64 msft across Bengaluru, Mumbai and Delhi-NCR, and a total potential GDV of Rs 16,600 crore.
Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune. Puravankara is a part of Puravankara Group.
