Puravankara Signs Joint Development Agreement for Land Parcel in Bengaluru, India

MT Newswires Live

2025/07/10

Real estate developer Puravankara (NSE:PURVA, BOM:532891) has entered into joint development agreement for a land parcel of 5.5-acre in Bengaluru, India, according to a Thursday filing to the Indian stock exchanges.

The land parcel offers a total combined saleable area of 0.83 million square feet, and a combined estimated gross development value of over 10 billion Indian rupees.

The project is expected to be launched in the next six to nine months.

The company's shares down nearly 1% in recent trade.

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