Announced Mon, 29 Jun · 08:50 IST
Puravankara announces JDA for 6.4-acre Sarjapur land parcel, GDV Rs 1,000 cr
PURVA · price
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Price reaction · full curve 14 horizons · vs prior close
+1.5%1-day move
₹212.05
prior close
₹215.46
base price
After-mkt
timing
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+0.8+2.0+2.1+0.7+1.5+2.1+1.3+4.6+4.5+1.6+3.8———
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AI summary
Puravankara has signed a Joint Development Agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru, with an estimated Gross Development Value of Rs 1,000 crore. The residential project will offer about 0.8 million sq ft of saleable area. The site is well-connected to Sarjapur Road, Outer Ring Road, and the Electronic City tech corridor. This deal is part of four land transactions announced in Q1FY27, together covering 41.93 acres with a combined GDV of Rs 5,200 crore.
Likely market impact
Boosts Bengaluru pipeline with Rs 1,000 cr project; JDA model enables capital-efficient expansion without heavy upfront land cost.