Puravankara shares jump 2% on signing JDA for 12.76-acre Land Bengaluru, with potential GDV of ₹2,500 crore

Shares of Puravankara Ltd, a Bangalore-based real estate player, jumped almost 2% on Monday after the company announced a joint development agreement for a 12.7-acre land parcel in Bangalore. The shares bounced back over 2.2% from the intraday lows of ₹206 apiece to trade near intraday high levels of ₹211 apiece on the NSE.

The company’s exchange filing read, “ Puravankara Limited, one of India's most trusted and admired real estate developers, has signed a Joint Development Agreement (JDA) for a 12.76-acre land parcel in Sathanur, North Bengaluru, with an estimated Gross Development Value (GDV) of ₹2,500 crore. The proposed development, with a saleable area of approximately 1.90 million square feet (msft), will strengthen the company’s residential development pipeline in Bengaluru and reinforce its focus on high-potential micro-markets and strategic land additions.

Q1 & Q2 FY27 business highlights

In FY27, the company has secured eight projects in FY27, with a total development potential of 12.6 mn sq.ft and a potential gross development value of ₹16,600 crore. The company said Bengaluru has six land additions, including Sathanur, Mandur, Doddagubbi, Sanna Ammanikere, Sarjapur and South-East Bengaluru, representing a development potential of approximately 7.02 msft and a combined estimated GDV of ₹ 8,800 crore. Similarly, Mumbai’s redevelopment project in Goregaon West has an estimated GDV of ₹2,600 crore and approximately 1.05 msft of saleable area. In Delhi-NCR, a land parcel in Greater Noida has development potential of 4.57 msft and an estimated GDV potential of ₹5,200 crore.

Management commentary

Commenting on the on the development, Ashish Puravankara, Managing Director, Puravankara Limited, said, “Our focus remains on strengthening Puravankara’s development pipeline through strategic land additions that offer scale, strong market potential and visibility for future growth. The Sathanur JDA, with an estimated GDV of Rs 2,500 crore, is another step in this direction. We continue to evaluate opportunities across key markets with a disciplined approach to capital allocation, ensuring that each investment contributes to building a stronger and more sustainable portfolio”

Puravankara share price performance

Puravankara Ltd's share price has delivered poor share price returns in 2026 on a YTD basis at -11.9%. Similarly, on a TTM basis, the shares fell over 15%, continuing its long-term performance