Puravankara signs JDA for 4-acre Development in Bengaluru amidst Expansion Plan

Bengaluru real estate giant, Puravankara Group, inks a Joint Development Agreement for a 4-acre land parcel. The developer ventures into the pact to introduce a project in North Bengaluru’s Hennur Road. With this, the Puravankara Group aims revenue of Rs. 1,300 Crore, the company said.

Also, it is estimated to have a saleable area of approximately 0.84 million sq.ft.

Bengaluru is thriving with employment possibilities, mainly due to robust infrastructure and residential development. Ashish Puravankara, Managing Director, Puravankara Group said, “Within the city, North Bengaluru has emerged as a key growth corridor, driven by its proximity to Kempegowda International Airport, expanding tech parks, and improving connectivity. Hennur Road, in particular, has seen steady traction from homebuyers due to its access to employment hubs and well-developed social infrastructure.”

Another top official said the signing of a joint development agreement for 4-acre land in Bengaluru is a part of the expansion plan. The developer in FY26-27 eyes amplification in its footprints in North Bengaluru. Puravankara Group aims expansion via capital-efficient partnerships in the city.

List of JDAs by Puravankara Group in Bengaluru since 2025

This JDA is the third consecutive deal by one of the best developers in Bengaluru since last year. In 2025, Puravankara Group inked a joint development agreement for 53.5 acre land in Anekal Taluka. With a development possibility of nearly 6.4 million sq.ft, it aims a revenue potential of more than Rs. 4,800 Crore.

Also, in collaboration with KVN Property Holdings, LLP, the company aims development of 24.59-acres in North Bengaluru. The project site is at KIADB Hardware Park in the city and estimates revenue of over Rs. 3,300 Crore.

At present, Puravankara Group look forward to develop residential projects in approximately 12-13 million sq ft. The new launches by the Bangalore-based developer are in Mumbai, Kochi, and Coimbatore.

The inventory in projects starts from Rs. 1.4-1.5 Crore, ascending to Rs. 11-13 crore for premium apartments.

About the latest JDA signing, the company said, “The acquisition aligns with the company’s strategic vision to expand its footprints in key Bengaluru micro-markets that offer robust infrastructure, strong connectivity, and sustained residential demand.”

Mallanna Sasalu, CEO, South, Puravankara Group said, “In Bengaluru, the Rs. 1-2 Crore bracket is now the sweet spot for residential demand, which has effectively become the premium segment.”

In Mumbai, the developer emphasize on redevelopment projects as it has a pipeline of nearly 4.38 million sq ft., across five projects. On the whole, it has a revenue potential of more than Rs. 10, 500 Crore.