Puravankara surges on inking joint development pact for 6.4-acre land parcel in Bengaluru
Puravankara is currently trading at Rs. 218.45, up by 6.25 points or 2.95% from its previous closing of Rs. 212.20 on the BSE.
The scrip opened at Rs. 216.45 and has touched a high and low of Rs. 221.25 and Rs. 216.45 respectively. So far 17468 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 29-Jul-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. 221.60 and Rs. 211.80 respectively. The current market cap of the company is Rs. 5152.08 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 entered into a joint development agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru, with an estimated Gross Development Value (GDV) of Rs 1,000 crore. The project has a saleable area of around 0.8 msft and will be developed as a residential community catering to the growing demand in this emerging corridor. This latest addition further strengthens the company’s development pipeline in the city, bringing the company's total potential GDV from acquisitions and JDAs in Q1FY27 to Rs 5,200 crore.
Strategically located in Kaggalipura Village, Sarjapura Hobli, the site is well-positioned for growth, with excellent connectivity via Sarjapur Road and the Outer Ring Road. It also enjoys good connectivity to the Electronic City technology corridor and other key employment hubs. The corridor has emerged as a preferred destination for IT professionals and homebuyers seeking quality housing, supported by the limited availability of organised residential projects from reputed developers.
