Puravankara has entered into a joint development agreement (JDA) for a 7.83-acre land parcel in South-East Bengaluru, with an estimated Gross Development Value (GDV) of Rs 1,100 crore. The project has a saleable area of around 0.89 million square feet (msft) and will be developed as a residential community, adding to the company's presence in this established South Bengaluru corridor. This marks the company’s fifth land transaction in Bengaluru for FY27, underscoring the calibrated approach and the pace at which the company continues to build its development pipeline in the city.
Strategically located in South-East Bengaluru, the site benefits from its proximity to the Electronic City employment corridor and access to Hosa Road and Hosur Road. The micro-market also benefits from connectivity via Namma Metro’s operational Yellow Line and has emerged as an established residential catchment for professionals working in Electronic City and nearby employment hubs. Improving infrastructure and sustained demand for quality housing continue to strengthen the corridor's long-term residential potential.
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.
