Puravankara Limited has formally responded to a volume movement inquiry from the Bombay Stock Exchange (BSE), addressing concerns about significant increase in trading volume of the company's securities across exchanges.

Response to Volume Movement Query

The company received a surveillance letter from BSE, noting unusual volume activity in Puravankara's securities. In its response, the company clarified that it has been consistently intimating stock exchanges about all events and information required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Recent Land Acquisition Disclosure

Puravankara specifically referenced its disclosure made to stock exchanges regarding a significant business development:

The company operates in the residential and commercial real estate development sector, with management continuously working on business development opportunities that require disclosure upon conclusion of transactions.

Regulatory Compliance Statement

In its communication to BSE, Puravankara emphasized several key points regarding its regulatory compliance:

• All material events and information are promptly disclosed as per SEBI LODR requirements
• The company maintains focus on business performance rather than stock price or volume movements
• Management has no role in influencing volume or price movements across exchanges
• Commitment to continued adherence to disclosure requirements in future transactions

Company's Position on Market Activity

Puravankara clarified that while the management remains focused on business performance and development opportunities, the company does not play any role in volume or price movements of its stock across exchanges. The response was signed by Company Secretary Sudip Chatterjee (Membership No. F11373) and submitted for BSE's information and records.

The company's proactive response demonstrates its commitment to transparency and regulatory compliance while addressing market surveillance concerns related to recent trading activity.

Puravankara Limited has officially announced the acquisition of a 53.5-acre land parcel in Anekal Taluk, Bengaluru, with a potential Gross Development Value (GDV) of over ₹4,800 crores. The strategic acquisition strengthens the company's presence in one of the city's emerging residential growth corridors, supported by improved infrastructure and strong connectivity.

Land Acquisition Specifications

The newly acquired land parcel is strategically located at Attibele Hobli in Anekal Taluk, offering significant development potential for the real estate developer.

Strategic Growth Initiative

Commenting on the development, Ashish Puravankara, Managing Director, stated that this acquisition is part of ongoing efforts to systematically add quality developable land to their launch pipeline across strategic micro-markets. The acquisition reflects the company's disciplined approach to growth with a long-term organizational view and confidence in market fundamentals to create large, sustainable communities.

Mallanna Sasalu, CEO-South, highlighted that the project is located in a micro-market marked by strong end-user demand and limited availability of developable land.

Expanded Development Portfolio

This acquisition significantly enhances Puravankara's development capacity and market presence in Bengaluru.

Recent Strategic Acquisitions

Earlier this year, Puravankara advanced its Bengaluru growth plans through multiple strategic acquisitions, including:

1. A partnership with KVN Property Holdings LLP for a 24.59-acre parcel at KIADB Hardware Park in North Bengaluru:

   • Developable area: 3.48 million sq ft
   • Potential GDV: Over ₹3,300 crores

2. A joint development for a 5.5-acre parcel in Balegere, East Bengaluru:

   • Developable area: 0.85 million sq ft
   • Potential GDV: Over ₹1,000 crores

These acquisitions demonstrate Puravankara's systematic approach to expanding across Bengaluru's micro-markets while capitalizing on sustained end-user demand in the region's real estate sector.