Puravankara Signs Bengaluru JDA With ₹2,500 Cr GDV

LIMITED: Puravankara Limited has signed a Joint Development Agreement (JDA) for a 12.76-acre land parcel in Sathanur, Bengaluru. The proposed development has an estimated Gross Development Value (GDV) of approximately ₹2,500 crore and a planned saleable area of around 1.90 million square feet (MSFT). The agreement marks a business development for the company in Bengaluru’s real estate market and adds a sizeable land parcel to its development pipeline. Under a joint development arrangement, a developer typically collaborates with the landowner to develop a property according to mutually agreed terms. Such arrangements can enable real estate companies to expand their project pipeline while structuring land development through partnerships. The potential GDV of ₹2,500 crore represents the estimated gross value of sales from the proposed project and should not be interpreted as the company’s guaranteed revenue, profit or immediate cash inflow. The proposed saleable area of approximately 1.90 million square feet indicates the planned scale of the development. Actual project progress will depend on factors such as planning and regulatory approvals, project design, construction schedules, market demand and the terms of the JDA. Further disclosures regarding the project configuration, launch timeline, development phases and revenue-sharing arrangements may provide additional clarity on its expected contribution to the company’s business. This announcement highlights Puravankara Limited’s development activity in Bengaluru. The project’s eventual financial contribution will depend on execution, sales realisation and other relevant project-specific factors. This information is shared strictly as a corporate and market update for informational purposes and should not be considered investment advice, research analysis, or a recommendation to buy or sell any security.