8 months ago
Puravankara Shares Surge 14% on Land Acquisition
Puravankara's shares jumped by 14% in a single day, which is the biggest gain since July 2025.
This happened because the company bought a large piece of land in Bengaluru.
The land is 53.5 acres big and can be used to build things worth over Rs 4,800 crore.
The company's boss said this is part of their plan to grow and build more houses in good areas.
They have been buying more land in Bengaluru and Mumbai, making their total land for building now 12.76 million square feet.
This is a lot of space for new projects!
Puravankara shares surged 14%, the largest single-day gain since July 2025.
The company acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru, with a GDV of Rs 4,800 crore.
The land has a saleable area of 6.4 million square feet.
This acquisition is part of Puravankara's strategy to expand in strategic micro-markets.
The company has added a total developable area of 12.76 million sq ft for the year to date.
- Who
- Puravankara Limited
- What
- Acquired 53.5-acre land parcel in Bengaluru
- Where
- Anekal Taluk, Bengaluru
- When
- Announced on Tuesday, December 2025
- Why
- To bolster project pipeline and expand in strategic micro-markets
Key facts
- Stock Gain
- 14%
- Previous Close
- Rs 240.55
- Current Price
- Rs 270.30
- Land Acquired
- 53.5 acres
- GDV
- Rs 4,800 crore
- Saleable Area
- 6.4 million sq ft
- Location
- Anekal Taluk, Bengaluru
- Total Developable Area
- 12.76 million sq ft
Quotes
Ashish Puravankara
Managing Director, Puravankara Limited
“This acquisition is part of our ongoing efforts to systematically add quality developable land to our launch pipeline across strategic micro-markets.”
thehindubusinessline.com
Mallanna Sasalu
CEO - South, Puravankara Limited
“The project is located in a micro-market marked by strong end-user demand and limited availability of developable land. Before this acquisition, during H1 FY26, we added a total of 6.36 million sq ft of developable area in Bengaluru and Mumbai, with an estimated gross development value of ₹9,100 crore. With this acquisition, the potential GDV has grown to ₹13,900 crore and the developable area to 12.76 msft for the year to date.”
thehindubusinessline.com
