Puravankara Enters JDA for 7.83-Acre Land Parcel in South-East Bengaluru with ₹1,100-1,247 Crore GDV Potential
Puravankara Advances Pipeline with South-East Bengaluru Land Addition
Puravankara Limited has entered into a joint development agreement for a 7.83-acre land parcel in South-East Bengaluru, with an estimated Gross Development Value of ₹1,100 crore. The project will comprise approximately 0.89 million square feet of saleable area and will be developed as a residential community.
Strategic Location and Market Context
The site is strategically located in South-East Bengaluru, with proximity to the Electronic City employment corridor and access to Hosa Road and Hosur Road. The announcement specifically noted Electronic City's employment scale as a key demand driver for the micro-market. South Bangalore's Electronic City, Bannerghatta Road and Kanakapura Road corridors benefit from large IT campuses and biotech companies, with NICE Road connectivity and the under-construction Yellow Line Metro set to connect Electronic City.
East Bengaluru and South Bengaluru remained the city's dominant residential supply hubs in Q2 2026, together accounting for 71% of total new launches, with South Bengaluru recording 204% quarter-on-quarter growth. This concentration reflects broader developer confidence in South Bengaluru's employment-led residential demand.
Fifth Bengaluru Transaction in FY27
This marks Puravankara'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. Across five transactions announced in FY27, Puravankara has accumulated 49.76 acres across Bengaluru with combined GDV potential of approximately ₹6,300 crore and 5.12 million square feet of saleable area, including this South-East Bengaluru parcel, earlier additions in Sarjapur, Sanna Ammanikere, Doddagubbi, and Mandur.
Developer Background
Founded in 1975, Puravankara Limited is headquartered in Bengaluru and has been built over five decades on a commitment towards customer delight, responsibility, and trust. As of June 30, 2026, the company had completed 97 projects covering approximately 59 million square feet across Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune and Goa.
Puravankara Limited is ISO 9001-certified by DNV since 1998, and carries a CRISIL DA2+ rating.