Puravankara's ₹1,000 Crore East Bengaluru Leap

Puravankara Group, one of India’s leading real estate developers, has entered into a joint development agreement (JDA) for a 5.5-acre land parcel in Balagere, East Bengaluru, with an estimated gross development value (GDV) of over ₹1,000 crore.

This project is part of the company’s strategy to expand in Bengaluru’s high-potential micro-markets, known for robust infrastructure, excellent connectivity, and steady residential demand. The development will offer 0.83 million sq. ft. of saleable area and is slated for launch within the next six to nine months. Located close to key IT hubs and urban amenities, Balagere has become a sought-after destination for premium housing.

The announcement follows recent strategic moves by Puravankara, including a 3.63-acre land acquisition on Kanakapura Road and a JV in North Bengaluru with a GDV of ₹3,300 crore. Commenting on the development, Managing Director Ashish Puravankara said, “This joint venture reinforces our commitment to East Bengaluru and supports our vision for ultra-luxury offerings targeted at aspirational homebuyers.”

News by Rahul Yelligetti.