PURAVANKARA PURVA BALAGERE JDA — New Project Coming Up in Balagere, Bangalore
Puravankara Enters Balagere with ₹1,000 Crore Development
Puravankara Group has announced a joint development of a 5.5-acre land parcel in East Bengaluru, with a combined estimated gross development value (GDV) of over ₹1,000 crores. The land parcel offers a total combined saleable area of 0.83 million square feet.
Located in Balagere, East Bengaluru, the site enjoys strong and steady market demand due to its proximity to major IT hubs and well-established social and physical infrastructure. The project is expected to be launched in the next six to nine months.
Strategic Location at the Heart of East Bangalore's Growth
The project is strategically located in Balagere, East Bengaluru, near major IT hubs such as Marathahalli, Whitefield, and Bellandur. Its proximity to key IT corridors, along with well-established social and physical infrastructure like the Outer Ring Road and NH 44, ensures strong connectivity and high residential demand.
Connectivity in Balagere is well-supported by public transport options, including the Munekolala and Kundalahalli metro stations on the Purple Line, and the nearby Carmelaram railway station on the Bengaluru–Chennai line. The locality is also served by BMTC buses plying along Varthur Road and the ORR (Outer Ring Road), making daily commutes manageable.
Ultra-Luxury Residential Focus
The scale and location of this project are ideal for an ultra-luxury offering tailored for individuals seeking a refined lifestyle that mirrors their success. It will feature high-quality, community-focused residential units, though specific details about apartment types (e.g., 2 BHK, 3 BHK) are not yet disclosed.
Capital-Efficient Development Model
This project, structured under a Joint Development Agreement (JDA), reflects the company's capital-efficient approach to growth. In January 2025, Puravankara acquired a 3.63-acre land parcel on Kanakapura Road in Bengaluru, with an estimated gross development value (GDV) of over ₹700 crore. Additionally, the company entered into a joint venture with KVN Property Holdings LLP to develop a 24.59-acre site in North Bengaluru, a project expected to generate a GDV of approximately ₹3,300 crore.
About Puravankara
Founded in 1975 and headquartered in Bangalore, Puravankara Limited is one of India's most respected real estate developers. With over five decades of experience, the company has delivered more than 100 landmark projects across Bangalore, Mumbai, Pune, Chennai, Kochi, and Coimbatore.