Business Update1 Jun 2026, 10:32 am
Puravankara Signs JDA in Bengaluru, ₹1,100 Cr GDV
AI Summary
Puravankara Ltd has signed a Joint Development Agreement (JDA) for an 11.23-acre land parcel in Doddagubbi, North Bengaluru. The residential project has a potential gross development value (GDV) of ₹1,100 crore and a developable area of approximately 0.74 msft. This move aligns with Puravankara's strategy to expand in high-demand urban corridors. In FY26, Puravankara achieved its highest-ever annual sales of ₹7,407 crore, a 55% year-on-year growth.
Key Highlights
- Puravankara signs JDA for 11.23-acre land in North Bengaluru.
- The project has a potential GDV of ₹1,100 crore.
- The development will include residential apartments with 0.74 msft area.
- Bengaluru remains Puravankara's largest and most important market.
- FY26 sales reached ₹7,407 crore, a 55% YoY increase.
Price Impact
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