NSEPress Release3d ago · 12 Oct 2026, 12:17 pm
Press Release
Puravankara Limited · PURVA
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Puravankara Limited has signed a Joint Development Agreement (JDA) for a 12.76-acre land parcel in Sathanur, Bengaluru, with an estimated Gross Development Value (GDV) of Rs 2,500 crore.
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Puravankara Limited has informed the Exchange regarding a press release dated October 12, 2026, titled "Puravankara Signs JDA for 12.76-acre Land Parcel in Sathanur, Bengaluru, with Potential GDV of Rs 2,500 Crore .
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Date: 12.10.2026
The General Manager, The Manager,
Listing Operations Listing Department,
Department of Corporate Services National Stock Exchange of India Limited,
BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block,
P. J. Towers, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E),
Mumbai- 400 001 Mumbai- 400 051
Stock Code: 532891 Stock Code: PURVA
Dear Sir / Madam,
Sub: Press Release
Ref: Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015
A copy of the Press Release titled “Puravankara Signs JDA for 12.76-acre Land Parcel in Sathanur, Bengaluru,
with Potential GDV of Rs 2,500 Crore” is enclosed herewith and the contents are self‐explanatory.
This is for your information and records.
Thank you,
Yours sincerely,
For Puravankara Limited
(Sudip Chatterjee)
Company Secretary & Compliance Officer
ICSI Membership No.: F11373
Encl: as above
Press Release
12 October, 2026
Puravankara Signs JDA for 12.76-acre Land Parcel in Sathanur, Bengaluru, with
Potential GDV of Rs 2,500 Crore
Bengaluru: Puravankara Limited (NSE: PURVA | BSE: 532891), 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 Rs 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.
Commenting 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.”
This JDA adds to Puravankara’s development pipeline in Bengaluru. This aligns with the company’s
focus on expanding its portfolio while maintaining capital efficiency and ensuring timely project
execution.
Mallanna Sasalu, CEO-South, Puravankara Limited, added, “The 12.76-acre land parcel at
Sathanur offers us an opportunity to develop a sizeable residential project with approximately 1.90
million square feet of saleable area. Bengaluru continues to see healthy end-user demand. Our priority
will be to translate this opportunity into a well-planned development that meets evolving homebuyer
expectations, with a clear focus on product quality, timely approvals and efficient execution.”
FY27 Business Development Highlights
With the proposed Sathanur development, Puravankara's business development additions for FY27 so
far comprise eight projects with a combined development potential of around 12.64 msft across
Bengaluru, Mumbai and Delhi-NCR, and a total potential GDV of ₹16,600 crore.
● Bengaluru: 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 Rs 8,800 crore.
● Mumbai: A redevelopment project in Goregaon West, with an estimated GDV of Rs 2,600
crore and approximately 1.05 msft of saleable area.
● Delhi-NCR: A land parcel in Greater Noida, with development potential of 4.57 msft and an
estimated GDV potential of Rs 5,200 crore.
These additions strengthen Puravankara's development pipeline across three key markets, supporting
its long-term growth plans.
About Puravankara Limited
The Puravankara Group is one of India's most trusted realty majors, headquartered in Bengaluru with a pan-India
presence. Over the past five decades, the company has catered to the full spectrum of housing and plotted
development needs. The group has also forayed into developing Grade A commercial real estate, with a presence
of approximately 3 msft, and is rapidly expanding its footprint. Additionally, its interior design arm, Purva Streaks,
serves customers seeking an integrated interior design solution.
As of June 30, 2026, Puravankara has completed 97 projects totalling approximately 59 msft across nine cities:
Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company's total land
bank is approximately 40 msft, and ongoing projects total 35.14 msft.
For more information, please contact:
Abhinav Kanchan 9741773269 abhinav.k@puravankara.com
Avinash Bhat 9986646059 Avinash.bhat@puravankara.com
Nikunj Joshi 9901124273 Nikunj.j@puravankara.com