Puravankara shares rally up to 7%; here is why

The company is expecting a revenue of around ₹2,700 crore from the saleable area.

In a regulatory filing on Monday, the company said its subsidiary Purva Blue Agate Private Limited has received a Letter of Award (LoA) for redevelopment of the society belonging to Samrat Ashok Co-operative Housing Society Ltd.

This 1.43-acre project offers a development potential of 7 lakh square feet, providing new, premium homes for existing residents while also creating a substantial portion for sale.

The estimated revenue potential from this upcoming project is ₹2,700 crore, the company said.

Bengaluru-based Puravankara is one of the leading real estate developers in the country.

Puravankara: Q1 FY26 Results

Realty firm Puravankara Ltd posted a consolidated net loss of ₹68.55 crore in the latest quarter ended June (Q1 FY26) due to lower income.

Its net profit stood at ₹14.78 crore in the year-ago period.

Total income declined to ₹538.64 crore during the April-June period of this fiscal year from ₹675.55 crore logged in the corresponding period of the preceding year, according to a recent regulatory filing.

Total expenses declined to ₹628.76 crore from ₹654.41 crore in the year-ago period.

On the operational front, the Bengaluru-based company reported a 6% growth in sales bookings to ₹1,124 crore in the first quarter of this fiscal year (Q1 FY26) from ₹1,064 crore logged in the year-ago period.

Sales volume declined marginally to 1.25 million sq ft from 1.29 million sq ft, but average realisation rose 9% to Rs 8,988 per sq ft.

In July 2025, Puravankara Group said it partnered with a landowner to develop a housing project worth around ₹1,000 crore at Balagere, in East Bengaluru.

In a regulatory filing, the company informed stock exchanges that it has signed a joint development agreement (JDA) for a 5.5-acre land parcel in East Bengaluru, with an "estimated gross development value (GDV) of over ₹1,000 crore."

The land parcel offers a total combined saleable area of 0.83 million square feet.

The project, located in Balagere, is expected to be launched in the next 6-9 months.

At the time of writing this report, shares of Puravankara were trading at ₹292.45, up 2.43% on the NSE.