Founded in 1975, Puravankara Limited is headquartered in Bengaluru, and that home-ground advantage shows most clearly in how the developer has concentrated multiple projects along a single North Bangalore corridor: Hennur Main Road. While most developers treat a locality as a single-project address, Puravankara has built Purva Palm Beach — a ready-to-move township — and its Phase 2, Purva Promenade, both off Hennur Road, and has now followed those with Codename Park, a pre-launch township on the same corridor. That pattern of returning, expanding, and holding land on the same stretch reflects a developer conviction that Hennur Road is a long-duration play, not a one-off.
Purva Promenade is a beach-themed residential project on Hennur Road and is officially Phase 2 of the larger Purva Palm Beach township, spreading across 19.37 acres with 152 apartments. The project offers 2 and 3 BHK apartments ranging from 1,232 sq ft to 1,486 sq ft, with a starting price of Rs 1.35 crore. The project is RERA-approved under registration number PRM/KA/RERA/1251/446/PR/200205/003243, with possession given in September 2024, making it a ready-to-move option.
Purva Palm Beach — Phase 1 — is a ready-to-move residential township located next to Purva Promenade off Hennur Road. Among the top premium housing societies on Hennur Road tracked by transaction data, Purva Palm Beach currently quotes around Rs 11,550 per sq ft, reflecting the secondary-market premium that Puravankara's completed addresses have accumulated on this stretch.
Puravankara Codename Park in Hennur is planned as a 21-acre high-end apartment complex on Hennur Main Road, with 10 high-rise towers and 2,000 residences in 1, 2, 3, and 4 BHK configurations. Among the largest luxury townships planned for 2026 in the North Bangalore region, it is designed with 80% open and green spaces, with the remaining 20% dedicated to building construction.
Codename Park is part of Puravankara Raintree Park Phase 2, and RERA approval for this phase has been taken under the name Evergreen. The use of a codename before the official Purva brand launch is consistent with the developer's pre-launch commercial practice across its recent Bengaluru pipeline.
The project sits on Hennur Main Road in close proximity to the Outer Ring Road junction. Hennur Road is now referred to locally as the "New Airport Road" and is equidistant from the Outer Ring Road, Bhartiya City, Manyata Tech Park, Old Madras Road, and Thanisandra Road. For a 21-acre township, that centrality within North Bangalore's commercial web is the core site rationale.
Founded in 1975, Puravankara has, for five decades, built its brand on an unwavering commitment to customer delight, responsibility, and trust. In 1986, the company moved its headquarters to Bangalore, a decision timed to the city's early emergence as India's technology capital, and the company grew alongside that transition.
Founded by Ravi Puravankara and headquartered in Bangalore, the company has completed 86 projects across nine major cities, including Bangalore, Chennai, Hyderabad, Pune, and Mumbai. The company was among the first real estate developers to secure Foreign Direct Investment in India, through a joint venture with Singapore's Keppel Land, and later partnered with the International Finance Corporation (IFC) to drive affordable housing development.
Puravankara operates three distinct brands: the flagship Puravankara label for luxury projects, Provident Housing Limited — launched in 2008 — for mid-income homeowners, and Purva Land for plotted developments. Codename Park on Hennur is a flagship-brand launch, not a Provident product, which positions it in the developer's upper-tier segment.
An ISO 9001 certification by DNV obtained in 1998 and a DA2+ rating by CRISIL are part of Puravankara's institutional quality credentials. The company is listed on both NSE (ticker: PURVA) and BSE (532891), with a market capitalisation above Rs 5,400 crore as of 2026.
Hennur's transformation from a quiet residential area into a significant North Bangalore residential address has been driven by improved road connectivity, the Outer Ring Road, airport access routes, and the growth of nearby IT hubs. Hennur is one of the major connecting points between key parts of North and East Bangalore, with connectivity via Hennur-Bagalur Road, the Outer Ring Road, and NH 44 Bellary Road.
Residents have smooth access to the Outer Ring Road, Manyata Tech Park, and major city hubs, with the upcoming metro line and improved road infrastructure further adding to the corridor's appeal. Metro stations on upcoming lines are being planned within a 4–5 km radius of the Hennur Main Road stretch. Nagavara Metro Station is among the transit nodes that will improve connectivity to Outer Ring Road, Hebbal, Manyata Tech Park, and key business hubs across North Bengaluru.
Flat prices on Hennur Road currently range from Rs 8,650 to Rs 12,950 per sq ft, with average rates around Rs 10,600 per sq ft. In terms of appreciation, flat rates on Hennur Road have moved 12.8% in the last one year, 49.3% in the last three years, and 82.8% in the last five years.
Hennur Road averaged approximately Rs 5,800 per sq ft in 2025 at the broader micro-market level, with 7–9% annual growth projected going forward. The gap between that average and Puravankara's achieved secondary-market pricing at Purva Palm Beach (Rs 11,550 per sq ft) illustrates the premium that a branded, township-scale Puravankara address commands within the same locality.
A developer's decision to develop Phase 1, then Phase 2, and now a third, significantly larger township on the same road is a form of long-position commitment that is harder to fake than marketing copy. Investing in a fast-developing zone like Hennur Main Road, with a well-planned community from a developer with a broad and successful Bengaluru portfolio, can offer both lifestyle convenience and capital returns in terms of resale and rental value.
In late 2025, Puravankara recorded pre-sales of Rs 1,414 crore, a figure that reflects continued buyer trust across its active pipeline. For a buyer evaluating Codename Park on Hennur, the developer's ongoing financial health and multi-cycle presence on the same road address two of the most common anxieties in pre-launch real estate: developer continuity and location conviction.
