Puravankara Jumps 4% on Rs 1,000 Cr Sarjapur JDA
Shares of Puravankara Limited hit a high of Rs 222.90, up 4% on NSE on 29 June, after the firm signed a 6.4-acre JDA in Sarjapur, Bengaluru. The land parcel, located in Kaggalipura village, will come up as a residential community with a saleable area of around 0.8 million sq... The post Puravankara Jumps 4% on Rs 1,000 Cr Sarjapur JDA appeared first on Equitypandit.
Shares of Puravankara Limited hit a high of Rs 222.90, up 4% on NSE on 29 June, after the firm signed a 6.4-acre JDA in Sarjapur, Bengaluru.
The land parcel, located in Kaggalipura village, will come up as a residential community with a saleable area of around 0.8 million sq ft. The estimated Gross Development Value (GDV) is Rs 1,000 crore.
GDV, simply put, is the total revenue the company expects to earn once all the homes in the project are sold. What makes this deal different from a typical land buy is its structure.
Rather than purchasing the land outright, Puravankara entered a JDA with the landowner. This means the developer brings in construction and sales expertise while the landowner contributes the plot.
No big cash outflow upfront, and the risk is shared. It’s a model that builders increasingly prefer when land prices are high.
The Sarjapur location works in the project’s favour. The site connects to the Outer Ring Road and Sarjapur Road, and sits close to Electronic City, one of Bengaluru’s busiest IT hubs. That makes it a natural fit for tech workers looking for homes nearby.
This is not a one-off deal. Puravankara’s CEO Mallanna Sasalu said the company closed four land transactions in Q1FY27, covering roughly 41.93 acres in total with a combined development potential of 4.23 million sq ft.
Managing Director Ashish Puravankara said the company’s Q1FY27 GDV from acquisitions and JDAs has now reached Rs 5,200 crore. As of March 2026, the firm has completed 95 projects totalling around 57 million sq ft across nine cities.
At 10:34 am, shares of PURVA were trading at Rs 220.20, up by 3.39% on NSE. The stock is down around 10% so far in 2026.
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