PURAVANKARA HENNUR ROAD JDA PROJECT — New Project Coming Up in North Bengaluru, Bangalore
Puravankara Enters Hennur Road with 4-Acre Joint Development
Puravankara Limited has entered into a joint development agreement for a 4-acre land parcel on Hennur Road in Bengaluru with an estimated gross development value of over Rs 1,300 crore. The land parcel offers a total saleable area of approximately 0.84 million square feet.
Location and Corridor Context
North Bengaluru has emerged as a major growth corridor due to its proximity to Kempegowda International Airport, expanding technology parks, and improved connectivity. Hennur Road, in particular, has gained traction among homebuyers because of its access to employment hubs and well-developed social infrastructure.
Located in North Bengaluru, Hennur Road has rapidly emerged as a sought-after residential micro-market due to its strategic connectivity and proximity to major employment hubs such as Manyata Tech Park and the Outer Ring Road IT corridor. Its location near established residential areas like Hebbal, Kalyan Nagar and Thanisandra further enhances its appeal by offering access to schools, healthcare facilities and retail hubs.
Project Structure and Timeline
The company expects strong buyer interest in the project and plans to bring it to market within the next six to twelve months. The project is structured as a joint development agreement, a capital-efficient model that allows Puravankara to expand its pipeline without significant upfront land acquisition costs.
Puravankara's Bengaluru Expansion
The Hennur Road project follows several recent acquisitions that have expanded the company's Bengaluru development pipeline. These include a 53.5-acre land parcel in Anekal Taluka with a development potential of 6.4 million square feet and an estimated GDV exceeding Rs 4,800 crore. Additionally, the company is developing a 24.59-acre parcel at KIADB Hardware Park in North Bengaluru with a development potential of 3.48 million square feet and a GDV of more than Rs 3,300 crore, along with a 5.5-acre joint development in Balagere in East Bengaluru with a GDV of over Rs 1,000 crore.
In FY26, Puravankara has bolstered its development pipeline in Bengaluru through outright acquisitions and JDAs in locations such as Hennur Road, Anekal Taluk, Balagere East Bengaluru, and KIADB Hardware Park, with a cumulative estimated GDV of approximately ₹10,400 crore.
About Puravankara
Founded in 1975 by Ravi Puravankara and listed on BSE/NSE, this is a publicly accountable developer with a five-decade track record. As of December 2024, the group has delivered a cumulative saleable area of over 51.5 million sq ft across nine Indian cities.
Their projects run under three brands: Puravankara for luxury homes, Provident Housing for mid-segment buyers, and Purva Land for plotted communities. Full-year sales hit ₹7,407 crore, up 55% over FY25, beating the company's own guidance of ₹6,000 crore by 23%.