Puravankara signs JDA for 11.23-acre Bengaluru land, Rs 1,100 cr GDV

Marquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-3.0%Reaction day

₹219.50

prior close

₹218.01

announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.1%-1.9% vs market

Residential Commercial Projects peers, median of 65sector-1.1%-1.8% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 1.8 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 65Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Puravankara signed a Joint Development Agreement for an 11.23-acre land parcel in Doddagubbi, North Bengaluru, with a potential gross development value of Rs 1,100 crore. The residential project will have a developable area of about 0.74 million sq ft. The company's Bengaluru pipeline now exceeds Rs 13,800 crore in GDV. FY26 sales were Rs 7,407 crore, up 55 percent year on year, and FY27 sales guidance is Rs 11,200 crore.

Likely market impact

Expands Bengaluru pipeline, supports FY27 sales guidance of Rs 11,200 crore. Positive for growth visibility.