Construction Company Expands Bengaluru Footprint with 4-Acre Joint Development Project Worth Over Rs 1,300 Crore on Hennur Road
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The company has a market cap of over Rs 4,267.03 crore. The stock price has surged over 121.45 per cent in last 3 years.
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On Monday, shares of Puravankara Ltd fell 3.95 per cent to Rs 179.93 per share from its previous closing of Rs 187.32 per share. The stock’s 52-week high is Rs 338.95 per share and its 52-week low is Rs 172.65 per share. The stock declined 3.48 per cent to its Intraday low of Rs 179.93 from the day’s high of Rs 186.41. As of 12:07 IST, the shares were trading at Rs 179.93 on the BSE.
Puravankara Ltd, one of India’s leading Real Estate developers, has announced its entry into a joint development agreement for a 4-acre land parcel located on Hennur Road in Bengaluru. The project is projected to have an estimated gross development value (GDV) of over Rs 1,300 crore.
The proposed development will offer a total saleable area of approximately 0.84 million square feet. The company stated that the selection of Hennur Road aligns with its strategy to focus on high-potential micro-markets supported by strong infrastructure growth and sustained residential demand.
Ashish Puravankara, Managing Director of Puravankara Ltd, said that North Bengaluru has emerged as a key growth corridor due to its proximity to Kempegowda International Airport, the expansion of major technology parks, and improved connectivity across the region. He added that the joint development is in line with the company’s asset-light partnership strategy aimed at delivering homes suited to evolving urban lifestyles.
Mallanna Sasalu, CEO – South at Puravankara Ltd, highlighted that the Hennur Road micro-market continues to witness steady housing demand. According to the company, the project is expected to be launched in the next 6 to 12 months, reinforcing its focus on capital-efficient expansion and strengthening its residential portfolio in high-growth corridors.
The new project further expands Puravankara’s pipeline in Bengaluru. Earlier this year, the company announced several strategic land acquisitions, including a 53.5-acre parcel in Anekal Taluka with a potential GDV of more than Rs 4,800 crore. It also acquired a 24.59-acre land parcel at KIADB Hardware Park in North Bengaluru in partnership with KVN Property Holdings LLP, with a projected GDV exceeding Rs 3,300 crore. Additionally, the company entered into a 5.5-acre joint development project in Balagere in East Bengaluru, which has an estimated GDV of over Rs 1,000 crore.
Headquartered in Bengaluru, the Puravankara Group operates across India through three residential brands — Puravankara, Provident Housing Ltd (PHL), and Purva Land. As of December 31, 2025, the group has completed more than 93 projects covering around 56 million square feet across nine cities. The company currently has ongoing projects accounting for an additional 34 million square feet.
The company has a market cap of over Rs 4,267.03 crore. The stock price has surged over 121.45 per cent in last 3 years. The stock has also gained about 4.22 per cent from its 52-week low of Rs 172.65 per share.
Disclaimer: The article is for informational purposes only and not investment advice.