Puravankara rises on inking joint development pact for 11.23-acre land parcel in Bengaluru

Mumbai, June 1 (Udaipur Kiran): Puravankara is currently trading at Rs. 219.50, up by 0.60 points or 0.27% from its previous closing of Rs. 218.90 on the BSE.

The scrip opened at Rs. 221.80 and has touched a high and low of Rs. 221.80 and Rs. 216.20 respectively. So far 3412 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 5 has touched a 52 week high of Rs. 338.50 on 09-Jun-2025 and a 52 week low of Rs. 160.00 on 02-Mar-2026.

Last one week high and low of the scrip stood at Rs. 249.40 and Rs. 206.80 respectively. The current market cap of the company is Rs. 5205.44 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.26% and 7.73% respectively.

Puravankara has signed a joint development agreement (JDA) for an 11.23-acre land parcel in Doddagubbi, North Bengaluru, with an estimated gross development value (GDV) of Rs 1,100 crore. The residential apartment project will have a developable area of around 0.74 msft.

Located in the rapidly evolving corridor of North Bengaluru, Doddagubbi enjoys strategic access to Hennur, Hebbal, Yelahanka, Manyata Tech Park and Kempegowda International Airport. The micro market is supported by robust social and civic infrastructure, reputed educational institutions, leading healthcare facilities and strong connectivity via NH-44. The location has emerged as one of the city’s most sought-after residential destinations with significant long-term growth potential.

Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune. Puravankara is a part of Puravankara Group.

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