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Puravankara has entered into a joint development agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru, with an estimated Gross Development Value (GDV) of Rs 1,000 crore. The project has a saleable area of approximately 0.8 msft and will be developed as a residential community catering to the growing demand in this emerging corridor. This latest addition further strengthens Puravankara`s development pipeline in the city, bringing the company`s total potential GDV from acquisitions and JDAs in Q1FY27 to Rs 5,200 crore.

Puravankara has acquired a 9.73-acre land parcel at Sanna Ammanikere in North Bengaluru`s fast-developing airport corridor. The outright acquisition has a development potential of approximately 0.89 million sq ft, with an estimated gross development value (GDV) of Rs 800 crore. The acquisition reinforces Puravankara`s strategy of strengthening its presence across high-growth Bengaluru micro-markets through a balanced mix of outright purchases and capital-efficient partnerships. The upcoming residential development will cater to the growing demand for thoughtfully designed homes in well-connected urban growth corridors.

Puravankara has secured a 14.57-acre land parcel located in Mandur, Budigere in Bengaluru with a potential gross development value of around Rs. 2,300 crore. Out of this, 7.92 acres is part of a joint development agreement (JDA), while 6.65 acres has been purchased by Puravankara. The total saleable area for the entire project will be approximately 1.8 msft.

Starworth Infrastructure & Construction (SICL) has received a Letter of Intent from M/s. Sion Eden Developers for execution of civil and structural works for Embassy Eden, Bengaluru for the contract value of Rs 133.34 crore. SICL is a wholly owned subsidiary of Puravankara.

Net profit of Puravankara reported to Rs 113.24 crore in the quarter ended March 2026 as against net loss of Rs 85.82 crore during the previous quarter ended March 2025. Sales rose 177.33% to Rs 1501.92 crore in the quarter ended March 2026 as against Rs 541.57 crore during the previous quarter ended March 2025.For the full year,net profit reported to Rs 63.71 crore in the year ended March 2026 as against net loss of Rs 179.88 crore during the previous year ended March 2025. Sales rose 85.73% to Rs 3739.83 crore in the year ended March 2026 as against Rs 2013.61 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1501.92541.57 177 3739.832013.61 86 OPM %20.055.61 -18.4714.45 - PBDT155.74-99.62 LP 118.87-178.12 LP PBT144.96-110.81 LP 76.87-213.08 LP NP113.24-85.82 LP 63.71-179.88 LP Powered by Capital Market - Live News