Puravankara Forms JV in Doddagubbi, North Bengaluru: 11.23 Acres, ₹1,100 Cr GDV
Puravankara Signs Joint Development Agreement in North Bengaluru
Puravankara Limited has signed a Joint Development Agreement for an 11.23-acre residential land parcel in Doddagubbi, North Bengaluru, with a potential Gross Development Value of Rs. 1,100 crore. The construction will cover a developable area of 0.74 million sq ft.
The deal follows record growth for the developer. FY26 was a landmark year, with the company's highest-ever annual sales of ₹7,407 crore, a 55% growth year-on-year. Puravankara has a launch pipeline of nearly 14 million sq ft planned for the remainder of 2026 across Bengaluru, Mumbai, and Pune.
Strategic Location in Fast-Growing Corridor
Located in the rapidly evolving corridor of North Bengaluru, Doddagubbi enjoys strategic access to Hennur, Hebbal, Yelahanka, Manyata Tech Park and Kempegowda International Airport. The micro-market is supported by robust social and civic infrastructure, reputed educational institutions, leading healthcare facilities and strong connectivity via NH-44.
Doddagubbi is a locality within Bileshivale, in the north-eastern part of Bangalore with PIN code 560077. The emerging residential area primarily attracts young professionals and growing families seeking a peaceful residential environment, comprising IT professionals, entrepreneurs, and business owners.
Capital-Efficient Development Model
The company's asset-light Joint Development Agreement strategy enables expansion without significant upfront land acquisition costs, allowing Puravankara to expand its pipeline while preserving balance sheet flexibility. This JDA strategy has emerged as a key differentiator, enabling expansion without significant upfront land acquisition costs, and by preserving capital while simultaneously increasing project inventory, the model supports stronger balance-sheet efficiency.
Over the past year and through recent additions, Puravankara has strengthened its Bengaluru pipeline now representing over Rs. 13,800 crore of GDV. In FY26, the company launched Purva Silversky and Purva Northern Lights in the city, along with new phases across existing developments.
Bengaluru as Strategic Priority
According to Mallanna Sasalu, CEO - South, Bengaluru continues to remain the company's largest and most important market and is central to its launch momentum. In FY26, the company launched Purva Silversky and Purva Northern Lights in the city, along with new phases across existing developments, reflecting sustained demand for well-located, high-quality residential offerings.
As of March 31, 2026, Puravankara had a total land bank of approximately 40 million sq ft and ongoing projects aggregating 36.69 million sq ft across nine cities.