Puravankara surges on securing 14.57-acre land parcel in Bengaluru
Puravankara is currently trading at Rs. 228.85, up by 3.05 points or 1.35% from its previous closing of Rs. 225.80 on the BSE.
The scrip opened at Rs. 226.45 and has touched a high and low of Rs. 233.70 and Rs. 226.00 respectively. So far 538 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 338.50 on 09-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. 249.40 and Rs. 206.80 respectively. The current market cap of the company is Rs. 5368.12 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 secured a 14.57-acre land parcel located in Mandur, Budigere in Bengaluru with a potential gross development value of around Rs 2,300 crore. Out of this, 7.92 acres is part of a joint development agreement (JDA), while 6.65 acres has been purchased by the company. The total saleable area for the entire project will be around 1.8 msft.
The land parcel is located in the rapidly evolving eastern corridor of Bengaluru near the thriving Whitefield-Kadugodi micro-market, driven by strong infrastructure expansion and sustained IT-led demand. Situated off the Old Madras Road, the location offers convenient access to Whitefield, KR Puram, ITPL, the Outer Ring Road, and key commercial hubs, and provides connectivity to Kempegowda International Airport.
