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Puravankara gains on inking JDA for Bengaluru land parcel with Rs 1,000 crore GDV
Puravankara added 2.64% to Rs 217.80 after it 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 around Rs 1,000 crore.
Puravankara inks joint development for 6.4-acre land in Bengaluru’s Sarjapur
Puravankara has inked a joint development deal for a 6.4-acre plot in Bengaluru's Sarjapur, projecting a Rs 1,000 crore Gross Development Value. This residential project, spanning 0.8 million sq ft, bolsters the developer's pipeline, contributing to a Rs 5,200 crore GDV from Q1 FY27 acquisitions. The company emphasizes its commitment to high-growth markets like Bengaluru, strategically securing land with strong infrastructure and employment prospects.
Puravankara shares gain after it enters joint development deal for 6.4 acre land parcel in Bengaluru
The said corridor in Bengaluru has emerged as a preferred destination for IT professionals and homebuyers seeing quality housing, supported by limited availability of organized residential projects from reputed developers, Puravankara's statement read.
Puravankara announces joint development of 6.4 acre land in Sarjapur, Bengaluru
With estimated gross development value of Rs 1,000 cr
Puravankara clears ₹145 crore sale of subsidiary to ICICI Prudential AIF-backed entity
On Thursday (June 25), shares of Puravankara Ltd ended at ₹214.15, down by ₹0.60, or 0.28%, on the BSE.
Realty developer Puravankara acquires 9.73-acre land parcel in north Bengaluru
Realty developer Puravankara has acquired a significant land parcel in North Bengaluru. The 9.73-acre plot in the Devanahalli growth corridor has a gross development value of Rs 800 crore. This move strengthens Puravankara's presence in a rapidly expanding residential market. The upcoming project will cater to homebuyers seeking well-connected locations with improving infrastructure and job opportunities.
Puravankara acquires 9.73-acre land parcel in North Bengaluru
With estimated gross development value of Rs 800 cr
Puravankara gains after acquiring 9.73-acre land parcel in North Bengaluru
Shares of Puravankara rose 2.10% to Rs 219.25 after the real estate developer announced the acquisition of a 9.73-acre land parcel in North Bengaluru.
Puravankara inks joint development pact for 11.23-acre Bengaluru land parcel
Realty firm Puravankara Ltd has secured an 11.23-acre land parcel in Doddagubbi, North Bengaluru. This joint development agreement is valued at Rs 1,100 crore. The project will feature residential apartments with a developable area of 0.74 million sq ft. This move strengthens Puravankara's presence in Bengaluru, its primary market. The company aims for significant sales growth in the coming years.
Puravankara Bengaluru housing project: Realty firm signs joint development agreement for Rs 1,100 Crore at Doddagubbi
Realty firm Puravankara Ltd has entered into an agreement with a landowner to develop a large housing project in Bengaluru. The project, spread across 11 acres, is expected to generate revenue of Rs 1,100 crore. This development signifies a significant expansion for the company in the Bengaluru real estate market. Puravankara has a substantial land bank and ongoing projects across multiple cities.
Puravankara signs JDA for Bengaluru project with ₹1,100 crore revenue potential
Puravankara also swung to profit in the March quarter, posting a consolidated net profit of ₹114.2 crore, compared with a loss of ₹85.5 crore in Q4FY25. Its revenue jumped 177.1% year-on-year to ₹1,502 crore from ₹542 crore last year.
Puravankara acquires 14.57-acre land parcel in Mandur, Bengaluru
With estimates GDV of Rs 2,300 cr