Founded in 1975 by Ravi Puravankara, Puravankara Limited is among India's earliest publicly listed residential developers, trading on the NSE (PURVA) and BSE (532891) since its 2007 IPO. The company has completed over 86 projects and delivered more than 45 million square feet of residential space, running its portfolio under three brands — Puravankara for luxury homes, Provident Housing for mid-segment buyers, and Purva Land for plotted communities — and is listed on both NSE and BSE. It operates across residential and commercial sectors, with projects in Bengaluru, Chennai, Kochi, Coimbatore, Pune, Mumbai, Dubai, and Colombo.
In the fiscal year 2023–24, Puravankara posted its highest-ever sales value of ₹5,914 crore, a 90 percent increase from the previous year. That financial momentum has fuelled an aggressive land-acquisition strategy in North Bangalore. Puravankara has acquired a 9.73-acre land parcel in North Bengaluru, with the acquisition carrying a gross development value of ₹800 crore and reinforcing the group's expansion strategy in the corridor. The Chikkajala address for Purva Grand Hills is a direct expression of that conviction.
Purva Grand Hills, also marketed as Purva Aerocity, is a pre-launch premium residential project by Puravankara Limited at Vidya Nagar Cross Road, Chikkajala, in North Bengaluru's Kempegowda International Airport corridor. The 7-acre address is planned as a single 2B+G+21 high-rise housing 300 apartments across 2 BHK (1,200–1,300 sq ft), 3 BHK (1,500–1,900 sq ft), and 3.5 BHK (1,940–2,100 sq ft) configurations, with 65 percent of the land held as open space.
The single-tower configuration keeps the buildable footprint small, making the 65 percent open-space figure structurally real rather than an accounting outcome of a dense multi-tower layout. As part of the broader Purva Aero City township concept, Purva Grand Hills will provide amenities including a clubhouse, swimming pool, gym, and landscaped gardens. Pricing starts from ₹1.29 crore and extends to ₹2.26 crore across the configuration range.
| Type | Size Range | Starting Price |
|---|---|---|
| 2 BHK | 1,200 – 1,300 sq ft | ₹1.29 Cr onwards |
| 3 BHK | 1,500 – 1,900 sq ft | On application |
| 3.5 BHK | 1,940 – 2,100 sq ft | Up to ₹2.26 Cr |
Chikkajala is not a new locality — it has been a residential settlement on the Bellary Road corridor for decades. What has changed in the last three years is the quality and scale of infrastructure arriving around it. Puravankara's decision to anchor Purva Grand Hills here reflects its track record of entering corridors ahead of full infrastructure maturity — the same approach the developer applied at Yelahanka and Hennur Road.
Purva Aerocity sits on Chikkajala Main Road, roughly 400 metres from NH 44, in a part of North Bangalore that has been quietly building critical mass for the last four years. Chikkajala sits between Yelahanka to the south, Devanahalli to the north, and the KIADB Aerospace and Hardware Park corridor to the east, with Kempegowda International Airport 10 km away.
When Godrej Properties launched Godrej Ananda inside the KIADB Aerospace Park in 2021 at ₹4,500–5,500 per sq ft, the corridor was considered early-stage. By April 2026, resale rates for Godrej Ananda Phase 1 units stood at ₹9,800–10,500 per sq ft — an appreciation of 90–110 percent in five years. Puravankara's own Purva Northern Lights, physically inside the Aerospace Park SEZ, launched Phase 1 in March 2026 and had already sold over 800 units. Purva Aerocity (Grand Hills) sits just outside the park boundary on Chikkajala Main Road, giving it the same employment and metro connectivity without the premium pricing of a direct SEZ address.
Purva Grand Hills at Chikkajala is one node in a broader Puravankara commitment to this corridor. The group's other active launch in the same belt is Purva Northern Lights, which puts Puravankara's footprint across two distinct price points and two distinct audiences in one geography.
Purva Northern Lights is a new launch by Puravankara in KIADB Aerospace Park, covering 24.55 acres across 8 high-rise towers and 3 phases, offering 2,973 apartments in 1, 2, 3, and 4 BHK layouts. RERA approval for Phase 1 was received on 12 March 2026, with possession scheduled for 31 December 2029. That project's position inside the SEZ serves aerospace professionals who want a walk-to-work address; Purva Grand Hills at Chikkajala serves a broader end-user and investor audience who want the same corridor logic at larger unit sizes and with direct NH 44 access.
The group has delivered more than 80 residential and commercial projects across 45 million square feet across India, including Purva Venezia in Yelahanka, Purva Seasons on Old Madras Road, Purva Skywood on Hennur Road, and Purva Whitehall on Sarjapur Road — projects that have held their value and in several cases appreciated significantly post-delivery.
Three infrastructure layers directly affect the value of a Puravankara purchase at Chikkajala today.
The practical effect of the metro: a professional working at Manyata near Nagawara on the Purple Line can commute from Chikkajala without a car. That connectivity shift is what converts Chikkajala from a highway-dependent suburb into a multi-modal residential address — and it is the reason institutional capital has been moving into this corridor ahead of retail buyers.
Chikkajala provides convenient access to key employment sectors including Yelahanka, Devanahalli, Manyata Tech Park, and the KIADB Aerospace Park SEZ. The KIADB Aerospace Park is the primary residential reference for global talent at Boeing India, the Airbus Technology Centre, and the Shell R&D Campus. The combination of airport-adjacent employment and a metro link to Manyata and Nagawara makes Chikkajala relevant to two distinct professional pools simultaneously — aerospace and defence professionals to the north-east, and IT professionals at Manyata and Karle Town Centre to the south.
The Karnataka Housing Board has cleared an integrated township on 43 acres in the Yelahanka–Chikkajala area, with planned residential, hotel, and office spaces, signalling institutional confidence in the corridor. Developers with long-term residential projects in Bengaluru, like Puravankara, are increasingly choosing projects in these emerging regions, where there is a developing infrastructure offering and a change in demand for housing.
The Devanahalli airport corridor has compounded apartment prices at roughly 12–15 percent annually through the recent cycle, with the locality average rising from approximately ₹3,200 per sq ft in 2019 to approximately ₹8,200 per sq ft in 2026 for top projects.
At ₹13,400 per sq ft, Purva Grand Hills sits below the ₹14,500–16,000 being quoted for RERA-registered projects inside the Aerospace SEZ. What it offers is Puravankara quality and large-format apartment sizes at a location that will benefit from the same metro and employment drivers as the SEZ-adjacent projects, at a price point that still has appreciation room.
The KIADB Aerospace Park SEZ has limited residential land within its boundary, and projects like Godrej Ananda, Purva Northern Lights, and Assetz Sora and Saki have together consumed a large portion of the available land inside the park. Chikkajala, just outside the boundary, will absorb the overflow demand from buyers who miss out on or cannot afford the within-SEZ projects — and Purva Aerocity (Grand Hills) sits in exactly that position.
