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Puravankara inks joint development pact for 6.4-acre land parcel in Bengaluru

29 Jun 2026 Evaluate

Puravankara 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 Rs 1,000 crore. The project has a saleable area of around 0.8 msft and will be developed as a residential community catering to the growing demand in this emerging corridor. This latest addition further strengthens the company’s development pipeline in the city, bringing the company's total potential GDV from acquisitions and JDAs in Q1FY27 to Rs 5,200 crore.

Strategically located in Kaggalipura Village, Sarjapura Hobli, the site is well-positioned for growth, with excellent connectivity via Sarjapur Road and the Outer Ring Road. It also enjoys good connectivity to the Electronic City technology corridor and other key employment hubs. The corridor has emerged as a preferred destination for IT professionals and homebuyers seeking quality housing, supported by the limited availability of organised residential projects from reputed developers.

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

Puravankara Share Price

220.65 5.35 (2.48%)
03-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 1057.10
Dilip Buildcon 439.85
Sobha 1440.75
Oberoi Realty 1930.25
DLF 675.75
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