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Puravankara enters into joint development agreement for 5.5-acre land parcel in East Bengaluru

10 Jul 2025 Evaluate

Puravankara Group has entered into joint development agreement for a land parcel of 5.5-acre in East Bengaluru, with a combined estimated gross development value (GDV) of over Rs 1,000 crore. The acquisition aligns with the company’s strategic vision to expand its footprint in key Bengaluru micro-markets with robust infrastructure, excellent connectivity, and sustained residential demand. 

The land parcel offers a total combined saleable area of 0.83 million square feet. Located in Balagere, East Bengaluru, the site enjoys strong and steady market demand due to its proximity to major IT hubs and well-established social and physical infrastructure. The project is expected to be launched in the next six to nine months.

Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.

Puravankara Share Price

220.10 -4.55 (-2.03%)
19-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 918.75
Dilip Buildcon 439.60
Oberoi Realty 1684.30
DLF 624.30
Ahluwalia Contract(I 838.30
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