Puravankara Enters JV on Hennur Road, Bengaluru: 4 Acres, ₹1,300 Cr GDV
Puravankara Expands in North Bengaluru with Hennur Road Joint Venture
Puravankara Group has entered into a joint development of a 4-acre land parcel on Hennur Road in Bengaluru, with an estimated gross development value of over ₹1,300 crore. The land offers a total saleable area of approximately 0.84 million square feet.
The announcement, made on March 9, 2026, represents Puravankara's continued focus on North Bengaluru micro-markets. 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.
Strategic Location and Connectivity
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. 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 has attracted residential development over the past few years as a result of its access to employment centers. The area is near IT hubs like Manyata Tech Park. Properties that sold for ₹3,000 per square foot in 2020 are now fetching over ₹6,000 per square foot. The corridor also benefits from planned metro infrastructure; the new metro line extension is planned to comprise two stations near Hennur Main Road, with construction estimated to start at the end of 2025 and end in 2028.
Market Timing and Launch
The project is expected to be brought to market within the next 6–12 months. The project reflects Puravankara's continued focus on expanding presence across high-demand residential corridors in Bengaluru through capital-efficient partnerships, with steady demand in the micro-market expected to see strong buyer interest.
Broader Bengaluru Expansion
The Hennur Road joint venture is part of a wider portfolio expansion in the Bengaluru market. Earlier this year, Puravankara strengthened its Bengaluru growth pipeline through several strategic acquisitions, including a 53.5-acre land parcel in Anekal Taluka with a development potential of 6.4 million sq. ft. and an estimated GDV of over ₹4,800 crore. The company is also developing a 24.59-acre parcel at KIADB Hardware Park in North Bengaluru, in partnership with KVN Property Holdings LLP, with a development potential of 3.48 million sq. ft. and a GDV of over ₹3,300 crore.
About the Developer
As of December 31, 2025, Puravankara has completed 93 plus projects measuring about 56 million square feet across nine cities — Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company's total land bank is close to 38 million square feet, and ongoing projects add up to 34 million square feet.