Announcement
Puravankara Limited (NSE: PURVA, BSE: 532891) announced that it has signed a Joint Development Agreement (JDA) for a 12.76‑acre land parcel located in Sathanur, North Bengaluru. The agreement envisions a gross development value (GDV) of approximately Rs 2,500 crore.
Project Details
The proposed residential development is expected to generate about 1.90 million square feet of saleable area. Management highlighted that the Sathanur micro‑market offers strong demand and that the project will reinforce the company’s focus on strategic land additions that provide scale and visibility for future growth.
FY27 Business Development Highlights
Including the Sathanur addition, Puravankara’s FY27 pipeline now comprises eight projects across three key markets—Bengaluru, Mumbai and Delhi‑NCR—with a combined development potential of roughly 12.64 million square feet and an aggregate GDV of Rs 16,600 crore.
- Bengaluru: Six land additions (Sathanur, Mandur, Doddagubbi, Sanna Ammanikere, Sarjapur and South‑East Bengaluru) together represent about 7.02 msft of development potential and an estimated GDV of Rs 8,800 crore.
- Mumbai: A redevelopment project in Goregaon West is projected to deliver approximately 1.05 msft of saleable area with an estimated GDV of Rs 2,600 crore.
- Delhi‑NCR: A land parcel in Greater Noida is expected to provide 4.57 msft of development potential and an estimated GDV of Rs 5,200 crore.
These additions are intended to strengthen Puravankara’s residential pipeline while maintaining capital efficiency and timely execution.
Management Comments
Ashish Puravankara, Managing Director, stated that the Sathanur JDA is another step in the company’s disciplined capital allocation approach, aimed at building a stronger and more sustainable portfolio. Mallanna Sasalu, CEO‑South, emphasized the opportunity to deliver a sizeable residential project that meets evolving home‑buyer expectations, with a focus on product quality, timely approvals and efficient execution.