Puravankara targets Hennur Road launch after ₹1,300 crore land deal
Puravankara announces Hennur Road development
Puravankara announced a joint-development agreement for a 4-acre residential site on Hennur Road, North Bengaluru, on March 9, 2026. The proposed development is estimated to have a gross development value (GDV) of more than ₹1,300 crore and approximately 0.84 million sq ft of saleable area.
The company said it expected to bring the development to market within six to 12 months of the announcement. The project is referred to as Purva Codename Skye in property listings; the March announcement described it as a Hennur Road joint development. Its reported status is Pre-Launch, with RERA shown as In Process. The project is also listed on this site as PURAVANKARA PURVA CODENAME SKYE.
The details
The announced figures set out the project’s land area and estimated development scale, rather than a unit-by-unit schedule. Puravankara reiterated the Hennur Road figures in its Q4 FY26 investor presentation on May 18, 2026.
- Site area: 4 acres
- Estimated saleable area: approximately 0.84 million sq ft
- Estimated GDV: more than ₹1,300 crore
- Development type: residential joint development
- Reported project status: Pre-Launch
- Reported RERA status: In Process
Some property listings describe 2 BHK and 3 BHK apartments. Another listing uses different configuration and size descriptions, so these listing details do not form a consistent picture of the apartment schedule. The announced figures do not set out a unit count or configuration schedule. The headline GDV is an estimate for the development, not a published apartment price list.
The location
The development is on Hennur Road in North Bengaluru, Karnataka. Puravankara’s March announcement identifies the corridor and the 4-acre parcel. The company has existing projects in the Hennur corridor, including Purva Palm Beach and Purva Promenade, placing the new development within an area where it already has a residential presence.
The developer
Puravankara Limited was incorporated on June 3, 1986. Its FY2024–25 annual report lists operations across Bengaluru, Chennai, Hyderabad, Pune, Mumbai, Kochi, Goa, Mysore and Mangalore. As of March 31, 2025, the company reported 90 delivered projects and more than 52.74 million sq ft of completed developable area.
In a March 2026 announcement, Puravankara reported more than 93 completed projects covering approximately 56 million sq ft as of December 31, 2025. Its Bengaluru portfolio also includes Purva Atmosphere, Purva Parkhill and Purva Silversky, alongside the Hennur-corridor developments.
What comes next
Puravankara’s stated market-entry window was six to 12 months from March 9, 2026, placing the expected timing between September 2026 and March 2027. The company repeated the project’s GDV and saleable-area estimates in its May 18, 2026 investor presentation. The reported Pre-Launch status and RERA designation remain the current markers for the project.