Puravankara Limited has informed the Exchange regarding a press release dated Jun 01, 2026, titled "Puravankara Signs JDA for 11.23-acre Land Parcel in North Bengaluru with Potential GDV of Rs 1,100 crore".
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Puravankara Limited has signed a Joint Development Agreement (JDA) for an 11.23-acre land parcel in North Bengaluru. The project has a potential Gross Development Value (GDV) of around Rs 1,100 crore. This addition strengthens the company's project pipeline in a key growth micro-market. The deal was disclosed via a press release dated June 01, 2026. Specific financial terms, partner name, and revenue share split were not detailed in this filing.
Positive for shareholders — adds Rs 1,100 crore of potential development value to Puravankara's pipeline, supporting future revenue visibility, though execution and timely launch will determine actual cash flow benefits.