The Puravankara share price stole the spotlight in the stock market today after the real estate developer announced a large land acquisition in Bengaluru. The update landed early in the session—and the stock reacted instantly.
What followed was one of the sharpest single-day moves the counter has seen in recent weeks, driven entirely by a company-led development update.
Market Performance: Puravankara Share Price Today
Puravankara shares saw strong buying interest on December 23.
- The stock jumped over 19%
- Shares climbed to Rs 287.30
- This marked the highest level in nearly two months
The sharp rise placed the Puravankara share price firmly in focus in the stock market today, especially after a period of consolidation.
Main News: Puravankara Acquires 53.5 Acres in Bengaluru
The rally followed Puravankara’s announcement that it has acquired a 53.5-acre land parcel in Bengaluru’s Anekal Taluk.
According to the company, the acquisition strengthens its footprint in one of Bengaluru’s emerging residential growth corridors. The location benefits from improving infrastructure, better connectivity, and steady end-user demand.
The company said the land acquisition fits into its wider plan to grow across prime Bengaluru micro-markets.
Project Details: Size, Saleable Area, and GDV
Puravankara shared detailed numbers around the newly acquired parcel at Attibele Hobli.
- Land area: 53.5 acres
- Saleable area: 6.4 million square feet (msft)
- Potential gross development value (GDV): Over Rs 4,800 crore
The company highlighted that the micro-market is characterised by strong demand and limited availability of developable land, making the acquisition strategically important.
Company Update: Expansion Across Key Micro-Markets
Puravankara reiterated that the deal is part of its systematic approach to building a strong launch pipeline.
The company said it continues to focus on adding quality developable land with a long-term view, particularly in locations that support large and sustainable residential communities.
This approach, according to the company, reflects confidence in the fundamentals of these markets rather than short-term expansion.
Earlier Additions in FY26: Year-to-Date Snapshot
Before this acquisition, Puravankara had already expanded its land bank during H1 FY26.
Key additions during the period included:
- Total developable area added: 6.36 msft
- Cities covered: Bengaluru and Mumbai
- Estimated GDV: Rs 9,100 crore
With the addition of the Attibele Hobli parcel:
- Total developable area for FY26 (to date): 12.76 msft
- Total potential GDV (to date): Rs 13,900 crore
These figures combine earlier acquisitions with the latest Bengaluru land deal.
Previous Strategic Acquisitions in Bengaluru
The company also outlined earlier strategic moves made during the year.
These included:
- A partnership with KVN Property Holdings LLP for a 24.59-acre parcel at KIADB Hardware Park, North Bengaluru
- Developable area: 3.48 msft
- Potential GDV: Over Rs 3,300 crore
- A joint development for a 5.5-acre parcel in Balegere, East Bengaluru
- Developable area: 0.85 msft
- Potential GDV: Over Rs 1,000 crore
These additions helped build scale across multiple Bengaluru micro-markets ahead of the latest deal.
Puravankara Share Price: Recent Performance Context
Despite Tuesday’s sharp rally, the stock has seen mixed performance across timeframes.
- Nearly 8% gain in the past one week
- Down over 31% in 2025 so far
- Up more than 200% over the past three years
In terms of yearly levels:
- 52-week high: Rs 415 (December last year)
- 52-week low: Rs 208.70 (May this year)
- The stock fell nearly 50% in around five months
- It has since recovered 38%, though it remains about 31% below its 52-week high
Summary: Why Puravankara Share Price Is in Focus Today?
The jump in the Puravankara share price today can be traced to one clear development.
- Acquisition of a 53.5-acre land parcel in Bengaluru
- 6.4 msft saleable area added
- Over Rs 4,800 crore potential GDV from the new project
- Year-to-date developable area rises to 12.76 msft
- Year-to-date potential GDV reaches Rs 13,900 crore
Source: Moneycontrol
Easy & quick
Leave A Comment?