Puravankara signs JDA for 11.23-acre land in Bengaluru, potential GDV ₹1,100 crore
Puravankara Limited signed a JDA for an 11.23-acre land parcel in North Bengaluru with a potential GDV of ₹1,100 crore. The project will have a developable area of 0.74 msft. This move aligns with their FY27 sales guidance of ₹11,200 crore.
The acquisition of a large land parcel with a substantial GDV is a material development that will contribute to the company's future growth, but the impact is medium as it is a development agreement and not an immediate revenue generation event.
The announcement details a significant land acquisition through a joint development agreement, indicating business expansion and future revenue potential, which is a positive development for the company.
Puravankara Limited has signed a Joint Development Agreement (JDA) for an 11.23-acre land parcel in Doddagubbi, North Bengaluru. The project has an estimated gross development value (GDV) of ₹1,100 crore and will feature a residential apartment project with a developable area of approximately 0.74 million square feet.
Ashish Puravankara, Managing Director, highlighted that FY26 was a landmark year with record sales of ₹7,407 crore, a 55% year-on-year growth, and a strengthened development pipeline. This joint development aligns with the company's strategy to expand in high-demand urban corridors through a capital-efficient approach. The company is working towards its FY27 sales guidance of ₹11,200 crore, focusing on markets with strong infrastructure and long-term demand visibility.
The location in Doddagubbi offers strategic access to key areas like Hennur, Hebbal, Yelahanka, Manyata Tech Park, and Kempegowda International Airport, supported by robust social and civic infrastructure. Mallanna Sasalu, CEO - South, stated that Bengaluru remains their largest market, and the company launched Purva Silversky and Purva Northern Lights in the city during FY26. The Bengaluru pipeline now represents over ₹13,800 crore of GDV.
As of March 31, 2026, Puravankara has completed 95 projects totaling approximately 57 million sq ft across nine cities. The company's total land bank is around 40 million sq ft.
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Puravankara Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Puravankara Limited. Read the original for the full detail.