Puravankara JV in Doddagubbi, North Bengaluru: 11.23 Acres, ₹1,100 Cr
Puravankara Expands North Bengaluru Footprint via Doddagubbi JDA
Puravankara Limited has signed a Joint Development Agreement (JDA) for an 11.23-acre land parcel in Doddagubbi, North Bengaluru, with an estimated gross development value (GDV) of Rs 1,100 crore. The residential apartment project will have a developable area of approximately 0.74 msft.
Location and Connectivity
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.
Property rates in Doddagubbi range from around Rs. 5,580 per square foot. The locality is emerging as a residential destination for IT professionals and families seeking a balance between urban connectivity and affordable valuations.
Strategic Capital-Efficient Model
The JDA structure is a deliberate strategic choice. Rather than committing large upfront capital to land acquisition, Puravankara partners with landowners by sharing development revenue or area, allowing the company to expand its pipeline while preserving balance sheet flexibility. This capital-efficient model has increasingly become the preferred mode of land aggregation for leading developers navigating elevated land prices in premium urban corridors.
Puravankara's Growth Momentum
FY26 was a landmark year for Puravankara, with its highest-ever annual sales of ₹7,407 crore, a 55% growth y-o-y, and a strengthened development pipeline across key micro-markets in Bengaluru and Mumbai. Over the past year and through recent additions, the company has strengthened its Bengaluru pipeline now representing over Rs. 13,800 crore of GDV.
In FY26, Puravankara launched Purva Silversky and Purva Northern Lights in the city, along with new phases across existing developments. The Doddagubbi acquisition aligns with the developer's FY27 sales guidance of Rs. 11,200 crore.
Developer Background
Headquartered in Bengaluru, Puravankara Limited is one of India's most established real estate developers with over five decades of operating history. The company has completed 95 projects totalling approximately 57 million sq ft across nine cities including Bengaluru, Chennai, Mumbai, Hyderabad, Pune, Kochi, Mangaluru, Coimbatore, and Goa. 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.