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. The agreement was announced on June 1, 2026, adding another micro-market to the developer's expanding North Bengaluru footprint.
Commenting on the deal, Ashish Puravankara, Managing Director, said FY26 was a landmark year for the company, 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, with this joint development in North Bengaluru aligned with the strategy of expanding in high-demand urban corridors through a calibrated and capital-efficient approach. He added that as the company works towards its FY27 sales guidance of Rs 11,200 crore, its focus remains on deepening presence in markets with strong infrastructure, employment access and long-term demand visibility.
Location is central to the announcement. Doddagubbi enjoys strategic access to Hennur, Hebbal, Yelahanka, Manyata Tech Park and Kempegowda International Airport, with the micro-market supported by robust social and civic infrastructure, reputed educational institutions, leading healthcare facilities and strong connectivity via NH-44, making it one of the city's most sought-after residential destinations with significant long-term growth potential.
Mallanna Sasalu, CEO - South, Puravankara, framed the deal within the company's broader Bengaluru strategy. He said Bengaluru continues to remain the company's largest and most important market and is central to its launch momentum, noting that in FY26 the company launched Purva Silversky and Purva Northern Lights in the city, along with new phases across existing developments, reflecting sustained demand for well-located, high-quality residential offerings. He added that over the past year and through recent additions, the company has strengthened its Bengaluru pipeline, now representing over Rs 13,800 crore of GDV, further strengthening Puravankara's Bengaluru growth pipeline following a series of recent additions across key micro-markets in the city.
The Doddagubbi deal underlines Puravankara's continued preference for asset-light land aggregation. 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, a model that has increasingly become the preferred mode of land aggregation for leading developers navigating elevated land prices in premium urban corridors. 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.
The timing coincides with strong quarterly numbers. The company reported a consolidated net profit of Rs 114.15 crore in Q4 FY26, compared with a net loss of Rs 85.50 crore in the corresponding quarter last year, while revenue from operations jumped 177.3% to Rs 1,501.92 crore in Q4 FY26 from Rs 541.57 crore in Q4 FY25. Beyond the newly added Doddagubbi development, Puravankara has a launch pipeline of nearly 14 million sq ft planned for the remainder of 2026 across Bengaluru, Mumbai, and Pune.
For homebuyers tracking North Bengaluru, the Doddagubbi JDA signals that a new residential launch is on the way in a corridor already anchored by Hennur, Hebbal and Yelahanka, though unit configurations, pricing and RERA registration are yet to be disclosed. Buyers evaluating the micro-market can meanwhile look at Puravankara's other recent North Bengaluru launches, Purva Northern Lights and the upcoming Purva Esplanade, for a sense of the developer's current pricing and product mix in the region.
