Puravankara Share Price in Focus; Enters JDA for 7.83-Acre Land Parcel in South-East Bengaluru

Puravankara Limited entered into a joint development agreement (JDA) for a 7.83-acre land parcel in South-East Bengaluru, as reported on the exchange filings on August 25, 2026.  

This project is estimated to have a Gross Development Value (GDV) of ₹1,100 crore and will be developed as a residential community. 

Details of the Joint Development Agreement 

The project in South-East Bengaluru will feature a saleable area of approximately 0.89 million square feet. This marks Puravankara's fifth land transaction in Bengaluru for FY27, highlighting the company's strategic expansion in the city.  

The site is strategically located near the Electronic City employment corridor, benefiting from connectivity via Namma Metro's Yellow Line. 

Strategic Importance of the Location 

The location's proximity to employment hubs and improving infrastructure makes it an attractive residential catchment area. The demand for quality housing in this corridor is driven by its connectivity and robust social infrastructure.  

Puravankara's CEO - South, Mallanna Sasalu, emphasised the value of this land parcel, contributing to the company's FY27 business development goals. 

5 New Land Parcels Added 

Puravankara has added five land parcels in Bengaluru this fiscal year, totalling around 49.76 acres and approximately ₹6,300 crore in potential GDV.  

The cumulative saleable area from these additions is about 5.12 million square feet. This expansion reflects the company's focus on capital efficiency and strategic growth. 

Read More: Mold-Tek Packaging Share Price Gains as Board to Consider Bonus Issue on August 26, 2026! 

Previous Land Acquisitions in FY27 

In addition to the South-East Bengaluru project, Puravankara has secured land in Sarjapur, Sanna Ammanikere, Doddagubbi, and Mandur. These acquisitions include both joint development agreements and outright purchases, with GDVs ranging from ₹800 crore to ₹2,300 crore. 

Puravankara Share Price Performance 

As of August 25, 2026, at 11:16 AM, Puravankara share price on NSE was trading at ₹215.91, up by 0.75% from the previous closing price. 

Conclusion 

Puravankara's entry into a joint development agreement for a 7.83-acre land parcel in South-East Bengaluru is part of its strategic expansion in the city. The project, with a GDV of ₹1,100 crore, adds to the company's growing development pipeline. 

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