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Puravankara stock rallies after high-value Bengaluru land acquisition
Puravankara shares jumped sharply after the real estate developer announced a Bengaluru land acquisition with ₹4,800 crore gross development value, improving project pipeline strength and reinforcing confidence in future residential growth plans.
Puravankara Ltd shares surged nearly 19 percent after the developer announced acquisition of a large land parcel in Bengaluru with an estimated gross development value of ₹4,800 crore. The project is expected to add significant residential supply over multiple phases. The company said the acquisition strengthens its presence in key micro markets and supports long term growth visibility prospects ahead.