Puravankara’s ₹1,300 Crore Move in North Bengaluru

Puravankara Group, one of India’s leading real estate developers, has entered into a joint development agreement (JDA) for a four-acre land parcel on Hennur Road in Bengaluru.

The project is expected to have a gross development value (GDV) of over ₹1,300 crore and will cater to the growing residential demand in the area. The development will offer approximately 0.84 million sq. ft. of saleable area and is located in one of Bengaluru’s key residential micro-markets. The location benefits from strong infrastructure, good connectivity, and close proximity to major technology parks, making it an attractive destination for homebuyers.

This move forms part of Puravankara Group’s broader strategy to expand its presence in high-demand areas of Bengaluru and strengthen its residential development portfolio.

Commenting on the development, Ashish Puravankara, Managing Director of Puravankara, said that North Bengaluru has emerged as a major growth corridor due to its proximity to Kempegowda International Airport, the expansion of tech parks, and improving connectivity. He added that Hennur Road has witnessed steady demand from homebuyers because of its access to employment hubs and well-developed social infrastructure. He noted that the joint development aligns with the company’s asset-light expansion strategy in high-potential micro-markets while delivering thoughtfully designed homes suited to evolving urban lifestyles.

News by Rahul Yelligetti.