Puravankara receives ₹280 crore construction order from VIT Vellore, stock jumps 3%; check details and stock price trend

Bengaluru-based real estate developer, Puravankara share price jumped nearly 3% during the intraday trading hours on Tuesday, March 17, 2026, after the firm announced that one of its subsidiaries has received a letter of intent from the Vellore Institute of Technology, according to an exchange filing.

In the NSE filing, Puravankara disclosed that its subsidiary firm Starworth Infrastructure & Construction has received the order for construction of an academic block at the Vellore Institute of Technology. The order is estimated to be executed at an estimated value of ₹280.35 crore, excluding the goods and services tax (GST) for the transaction.

“We write to inform you that M/s Starworth Infrastructure & Construction Limited (SICL) has received a Letter of Intent for the Construction of Ruby Block (Academic Block) Phase – I at VIT, Vellore Campus, Vellore – 632014 for the accepted value of ₹280.35 crores,” the company informed the stock exchanges.

In the filing, Puravankara also said that the contract will be executed within 24 months from the date of the order receipt, according to the filing.

Enters ₹1,300 crore project

Earlier this month, Puravankara announced that the company has entered an agreement to jointly develop a four acre land parcel on Bengaluru’s Hennur Road, a project which has an estimated gross development value of more than ₹1,300 crore.

“The acquisition aligns with the company’s strategic vision to expand its footprint in key Bengaluru micro-markets that offer robust infrastructure, strong connectivity, and sustained residential demand,” the company said in its NSE filing on March 9.

According to the company’s filing, the land offers a total saleable area of nearly 0.84 million square feet, and the site also benefits from steady demand, driven by its proximity to major tech parks and well-established social and physical infrastructure.

Puravankara share price trend

Puravankara shares were trading 0.88% higher at ₹180.61 during Tuesday’s stock market session, compared to ₹149.03 at the previous market close, according to the data collected from the NSE website. The company announced the order book update during the afternoon market hours on March 17.

Shares of Puravankara have given stock market investors more than 135% returns on their investment in the last five years, and over 126% gains in the last three years, NSE data showed. However, the stock has lost 23% in one year, and is down 23.89% on a year-to-date (YTD) basis.

The company’s stock has dropped 23.72% in the last one month, and is trading 7.12% lower in the last five sessions on the Indian stock market, the exchange data showed.

Puravankara shares hit its 52-week high level at ₹338.95 on June 9, 2025, while the 52-week low level was at ₹172.65 on March 5, 2026. The real estate company’s market capitalisation (M-Cap) was at ₹4,283.16 crore as of the trading session on Tuesday, March 17, 2026.