Puravankara Limited has informed the Exchange regarding a press release dated March 09, 2026, titled "Puravankara Enters Joint Development Project on Hennur Road, Bengaluru GDV Over ₹1,300 Crore".
PURVA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Puravankara Limited has entered a joint development on a 4-acre land parcel on Hennur Road in Bengaluru, with an estimated gross development value (GDV) of over ₹1,300 crore. The project will offer a total saleable area of approximately 0.84 million square feet. The company plans to launch the project in the market within 6–12 months. This is part of Puravankara's broader Bengaluru expansion, which earlier this year included a 53.5-acre parcel in Anekal Taluka (GDV over ₹4,800 crore), a 24.59-acre parcel at KIADB Hardware Park with KVN Property (GDV over ₹3,300 crore), and a 5.5-acre joint development in Balagere (GDV over ₹1,000 crore). The asset-light joint development approach is being used to expand into high-demand micro-markets without major capital deployment.
Positive for shareholders — adds a sizeable revenue-generating project to the Bengaluru pipeline at limited capital cost, reinforcing growth in a high-demand micro-market. The steady stream of project additions signals strong business momentum, though execution and timely launch will be key to realising the GDV.