Puravankara Share Price Surges Over 2% on Announcing JDA for 6.4-Acre Land Parcel in Bengaluru

Puravankara Limited has expanded its Bengaluru project pipeline by signing a Joint Development Agreement (JDA) for a 6.4-acre land parcel in Sarjapur.  

The residential development has an estimated Gross Development Value (GDV) of ₹1,000 crore and increases the company's cumulative development pipeline announced through acquisitions and JDAs in Q1 FY27. 

Puravankara’s Expansion of Bengaluru Development Pipeline 

The Sarjapur project will offer a saleable area of approximately 0.8 million square feet (msft) and will be developed as a residential community. 

With this addition, the company's cumulative potential GDV from acquisitions and JDAs in Q1 FY27 has reached ₹5,200 crore. 

Mallanna Sasalu, Chief Executive Officer, Puravankara Limited, said the company has announced four land transactions during Q1 FY27, covering 41.93 acres with a cumulative development potential of around 4.23 msft and an estimated GDV of ₹5,200 crore.  

He added that the company continues to pursue a mix of outright acquisitions and joint development agreements across Bengaluru's micro-markets. 

Project Location and Market 

The project is located in Kaggalipura Village, Sarjapur Hobli, with connectivity through Sarjapur Road and the Outer Ring Road. It also has access to the Electronic City technology corridor and other major employment centres. 

According to the company, Sarjapur has emerged as a preferred residential destination for IT professionals and homebuyers, supported by strong end-user demand, improving connectivity and limited organised residential supply from reputed developers. 

Management Comments 

As per the exchange filings, Ashish Puravankara, Managing Director, Puravankara Limited, said, "Bengaluru continues to be one of our most important growth markets, and this joint development reinforces our commitment to deepening our presence across high-potential urban corridors.  

As we pursue our FY27 growth agenda, our focus remains on securing quality land parcels in markets backed by infrastructure, employment density, and sustained homebuyer demand, while creating long-term value for our stakeholders.”  

Read More: Vikran Engineering Secures EPC Contract Worth ₹3,517 Crore from NOPL! 

Puravankara Share Price Performance  

As of 29 June 2026, at 10:25 AM, Puravankara Limited share price was trading at ₹217.70 per share, reflecting a surge of 2.22% from the previous closing price.  

Conclusion 

The Sarjapur joint development agreement adds a ₹1,000 crore residential project to Puravankara's Bengaluru portfolio, taking the company's cumulative development potential announced through acquisitions and JDAs in Q1 FY27 to an estimated ₹5,200 crore. 

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