Puravankara Group has entered into the joint development of a 4-acre land parcel on Hennur Road in Bengaluru, with an estimated gross development value of over Rs 1,300 crore. The acquisition aligns with the company’s strategic vision to expand its footprint in key Bengaluru micro-markets that offer robust infrastructure, strong connectivity, and sustained residential demand. The project is expected to be brought in to the market within the next 6-12 months. The land parcel offers a total saleable area of around 0.84 million square feet. Located on Hennur Road in Bengaluru, the site benefits from steady demand, driven by its proximity to major tech parks and well-established social and physical infrastructure.
Bengaluru continues to be one of India’s most resilient and fastest-growing residential markets, supported by strong employment growth, infrastructure investments, and sustained housing demand. Within the city, North Bengaluru has emerged as a key growth corridor, driven by its proximity to Kempegowda International Airport, expanding tech parks, and improving connectivity. Hennur Road, in particular, has seen steady traction from homebuyers due to its access to employment hubs and well-developed social infrastructure.
Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune. Puravankara is a part of Puravankara Group.
| Company Name | CMP |
|---|---|
| Lodha Developers | 840.95 |
| Dilip Buildcon | 455.70 |
| DLF | 587.25 |
| Oberoi Realty | 1688.15 |
| Ahluwalia Contract(I | 886.85 |
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