Puravankara Share Price in Focus; Signs JDA for 12.76 Acre Land Parcel in Bengaluru

Puravankara Limited has signed a joint development agreement for a 12.76-acre land parcel in Sathanur, North Bengaluru. As per the exchange filing, the proposed residential project has an estimated gross development value (GDV) of ₹2,500 crore and a saleable area of around 1.90 million square feet. 

The agreement adds another project to the company's Bengaluru pipeline as it expands its development activity across key property markets. 

Sathanur Project Adds to Bengaluru Pipeline 

Managing Director Ashish Puravankara said the company is focusing on land additions that offer scale and market potential, while maintaining discipline in capital allocation. 

Mallanna Sasalu, CEO-South, said the Sathanur parcel provides an opportunity to develop a sizeable residential project. He cited end-user demand in Bengaluru and said the focus would be on product quality, timely approvals and efficient execution. 

FY27 Additions Reach ₹16,600 Crore GDV 

Including Sathanur, Puravankara has added eight projects during FY27 so far, with a combined development potential of approximately 12.64 million square feet and an estimated GDV of ₹16,600 crore. 

The additions span Bengaluru, Mumbai and Delhi-NCR, extending the company's development pipeline across three markets. 

Bengaluru Accounts for Six Additions 

Bengaluru accounts for six of the eight additions, including land parcels in Sathanur, Mandur, Doddagubbi, Sanna Ammanikere, Sarjapur and South-East Bengaluru.  

Together, these have a development potential of around 7.02 million square feet and an estimated GDV of ₹8,800 crore. 

The other additions include a redevelopment project in Goregaon West, Mumbai, with a GDV of ₹2,600 crore, and a Greater Noida land parcel with a potential GDV of ₹5,200 crore. 

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Puravankara Share Price Performance  

As of 12 October 2026, Puravankara Limited share price closed at ₹210.21 per share, reflecting a surge of 1.42% from the previous trading session. 

Conclusion 

The Sathanur agreement adds ₹2,500 crore in potential development value to Puravankara's pipeline. The company's FY27 additions now represent an estimated GDV of ₹16,600 crore across Bengaluru, Mumbai and Delhi-NCR. 

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