NSEPress Release5d ago · 25 Aug 2026, 09:31 am
Press Release
Puravankara Limited · PURVA
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Puravankara Limited has entered into a joint development agreement (JDA) for a 7.83-acre land parcel in South-East Bengaluru, with an estimated Gross Development Value (GDV) of Rs 1,100 crore.
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Puravankara Limited has informed the Exchange regarding a press release dated August 25, 2026, titled Puravankara Enters JDA for 7.83-acre Land Parcel in South-East Bengaluru with Rs 1,100 Crore GDV Potential .
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Date: 25.08.2026
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 Enters JDA for 7.83-acre Land Parcel in South-East
Bengaluru with Rs 1,100 Crore GDV Potential” 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
25 August 2026
Puravankara Enters JDA for 7.83-acre Land Parcel in South-East Bengaluru
with Rs 1,100 Crore GDV Potential
Bengaluru: Puravankara Limited (NSE: PURVA | BSE: 532891), one of India's most trusted and
admired real estate developers, has entered into a joint development agreement (JDA) for a 7.83-acre
land parcel in South-East Bengaluru, with an estimated Gross Development Value (GDV) of Rs 1,100
crore. The project has a saleable area of approximately 0.89 msft and will be developed as a residential
community, adding to Puravankara's presence in this established South Bengaluru corridor.
This marks Puravankara’s fifth land transaction in Bengaluru for FY27, underscoring the calibrated
approach and the pace at which the company continues to build its development pipeline in the city.
Commenting on the development, Ashish Puravankara, Managing Director, Puravankara
Limited, said, "Bengaluru remains the anchor of our growth story, and South-East Bengaluru's
employment-led corridors continue to give us conviction to deploy capital. This JDA is consistent with
how we have approached every addition to our pipeline this year: disciplined structuring, a capital-light
approach, and a clear focus on markets with consistent end-user demand. This is the kind of steady
business development that underpins our FY27 growth ambitions, and we will continue to move on
such opportunities as they come."
Strategically located in South-East Bengaluru, the site benefits from its proximity to the Electronic City
employment corridor and access to Hosa Road and Hosur Road. The micro-market also benefits from
connectivity via Namma Metro’s operational Yellow Line and has emerged as an established residential
catchment for professionals working in Electronic City and nearby employment hubs. Improving
infrastructure and sustained demand for quality housing continue to strengthen the corridor's long-
term residential potential.
Mallanna Sasalu, CEO-South, Puravankara Limited, added, “This land parcel gives us close to a
million square feet of saleable area in a corridor that's already proven its value. Electronic City has
strong housing demand due to employment opportunities, robust social infrastructure, and good road
and metro connectivity. With this transaction, we have added five land parcels in Bengaluru this fiscal,
bringing our cumulative FY27 business development to around 49.76 acres, approximately Rs 6,300
crore in potential GDV, and about 5.12 msft of saleable area. It is a clear signal of the pace and
consistency we are bringing to our business development, while maintaining a strong focus on capital
efficiency.”
Through such partnerships, Puravankara continues to optimise capital deployment, strengthen the
quality and depth of its development pipeline, and expand its presence across Bengaluru's key growth
corridors.
FY27 land additions in Bengaluru so far:
August 2026
• South-East Bengaluru: JDA, 7.83 acres, Rs 1,100 crore GDV, 0.89 msft saleable
June 2026
• Sarjapur: JDA, 6.4 acres, Rs 1,000 crore GDV, 0.80 msft saleable
• Sanna Ammanikere: Outright acquisition, 9.73 acres, Rs 800 crore GDV, 0.89 msft saleable
• Doddagubbi: JDA, 11.23 acres, Rs 1,100 crore GDV, 0.74 msft saleable
May 2026
• Mandur: Secured 14.57 acres, Rs 2,300 crore GDV, 1.8 msft saleable
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 been catering to the entire
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, the interior design arm, Purva Streaks, caters to customers looking for 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 add up to 35.14 msft.
For more information, please contact:
Abhinav Kanchan abhinav.k@puravankara.com 9741773269
Avinash Bhat avinash.bhat@puravankara.com 9986646059
Nikunj Joshi nikunj.j@puravankara.com 9901124273