StockWatch
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Residential- Commercial Projects
Joint Venture29 Jun 2026, 08:44 am

Puravankara Signs JDA for Bengaluru Land Parcel Worth ₹1,000 Cr GDV

AI Summary

Puravankara Ltd has announced a Joint Development Agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru. The project is estimated to have a Gross Development Value (GDV) of ₹1,000 crore and a saleable area of approximately 0.8 million sq ft, to be developed as a residential community. This acquisition strengthens Puravankara's development pipeline in Bengaluru, contributing to a total potential GDV of ₹5,200 crore from acquisitions and JDAs in Q1 FY27. The company has announced four land transactions in Q1 FY27, spanning 41.93 acres with a cumulative GDV of ₹5,200 crore, reflecting strong business development momentum.

Key Highlights

  • JDA signed for 6.4-acre land parcel in Sarjapur, Bengaluru.
  • Project has an estimated GDV of ₹1,000 crore.
  • Adds to Q1 FY27 pipeline, bringing total potential GDV to ₹5,200 crore.
  • Strategic location in a high-demand micro-market.
  • Reinforces commitment to Bengaluru's growth corridors.