Puravankara signs JDA for 7.83-acre land in Bengaluru with ₹1,100 Cr GDV potential
Puravankara Limited signed a JDA for a 7.83-acre land parcel in South-East Bengaluru, with an estimated GDV of ₹1,100 crore and 0.89 msft saleable area. This is their fifth land deal in Bengaluru for FY27, bringing the total FY27 land additions to 49.76 acres and potential GDV of ₹6,300 crore.
The acquisition of a land parcel with a substantial GDV potential contributes to the company's development pipeline and future revenue, positively impacting its growth prospects. The scale of the deal warrants a medium impact.
The announcement details a new joint development agreement for a significant land parcel, indicating business expansion and growth potential. The company's management expresses confidence in the market and the strategic approach to development.
Puravankara Limited has entered into a joint development agreement (JDA) for a 7.83-acre land parcel in South-East Bengaluru. This project has an estimated Gross Development Value (GDV) of ₹1,100 crore and a saleable area of approximately 0.89 million square feet. It will be developed as a residential community.
This marks Puravankara's fifth land transaction in Bengaluru for FY27. Ashish Puravankara, Managing Director, stated that Bengaluru remains the anchor of their growth, with South-East Bengaluru's employment-led corridors driving capital deployment. He emphasized the disciplined structuring, capital-light approach, and focus on markets with consistent end-user demand.
The strategically located site benefits from proximity to the Electronic City employment corridor and access to Hosa Road and Hosur Road. The micro-market also has connectivity via Namma Metro’s Yellow Line and is an established residential catchment for professionals. Mallanna Sasalu, CEO - South, added that this JDA brings close to a million square feet of saleable area in a proven corridor.
With this transaction, Puravankara has added five land parcels in Bengaluru this fiscal, totaling approximately 49.76 acres, with a potential GDV of ₹6,300 crore and about 5.12 million square feet of saleable area. This demonstrates the company's pace and consistency in business development while focusing on capital efficiency.
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Puravankara Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. 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.