Puravankara Group has entered into the joint development of a 4-acre land parcel on Hennur Road in Bengaluru, with an estimated gross development value (GDV) of over Rs 1,300 crore. The land parcel offers a total saleable area of approximately 0.84 million square feet, marking one of the developer's key expansion moves in North Bengaluru's residential corridor.
Commenting on the announcement, Ashish Puravankara, Managing Director, Puravankara Limited, said Bengaluru continues to be one of India's most resilient and fastest-growing residential markets, supported by strong employment growth, infrastructure investments, and sustained housing demand. He added that 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. According to Puravankara, this joint development aligns with the company's strategy of expanding through asset-light partnerships in high-potential micro-markets while delivering thoughtfully designed homes that cater to evolving urban lifestyles.
Mallanna Sasalu, CEO - South, Puravankara Limited, said the project reflects the company's continued focus on expanding its presence across high-demand residential corridors in Bengaluru through capital-efficient partnerships. He noted that with steady demand in the micro-market, the company is confident the project will see strong buyer interest, and expects to bring it to market within the next 6-12 months, further strengthening Puravankara's Bengaluru portfolio.
The site is located on Hennur Road in Bengaluru, and benefits from steady demand driven by its proximity to major tech parks and well-established social and physical infrastructure. Hennur Road has, in recent years, developed into one of the city's sought-after residential addresses, aided by improving road connectivity, proximity to the airport, and a growing base of IT and business campuses in the surrounding micro-market.
This Hennur Road deal is part of a broader pipeline of land acquisitions Puravankara has undertaken in Bengaluru. Earlier this year, the company strengthened its Bengaluru growth pipeline through several strategic acquisitions, including a 53.5-acre land parcel in Anekal Taluka with a development potential of 6.4 million sq ft and an estimated GDV of over Rs 4,800 crore. The company is also developing a 24.59-acre parcel at KIADB Hardware Park in North Bengaluru, in partnership with KVN Property Holdings LLP, with a development potential of 3.48 million sq ft and a GDV of over Rs 3,300 crore. In addition, Puravankara has undertaken a 5.5-acre joint development in Balagere, East Bengaluru, with a developable area of 0.85 million sq ft and a GDV of over Rs 1,000 crore.
For homebuyers tracking North Bengaluru, this signals fresh supply is on its way to Hennur Road within the next year, adding to Puravankara's existing footprint in the micro-market. As of December 31, 2025, Puravankara has completed 93 plus projects measuring about 56 million square feet across nine cities, with a total land bank close to 38 million square feet and ongoing projects adding up to 34 million square feet, giving the developer significant scale and delivery track record to draw on as it readies this new Hennur Road launch.
While project specifics such as configurations, tower count, and pricing are yet to be announced, the scale of the GDV and saleable area suggest a mid-to-large residential development is being planned. Homebuyers interested in Hennur Road can expect more clarity on unit types, amenities, and launch pricing closer to the project's formal unveiling in the coming months.
