Project Overview
Puravankara Limited has entered into a joint development agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru, with an estimated Gross Development Value (GDV) of Rs 1,000 crore. The project has a saleable area of approximately 0.8 msft and will be developed as a residential community catering to the growing demand in this emerging corridor.
The land parcel is located in Kaggalipura village, Sarjapur Hobli, an area that has emerged as one of Bengaluru's fastest-growing residential corridors, driven by improving connectivity and proximity to major employment hubs. This JDA is part of a larger expansion push, with this latest addition further strengthening Puravankara's development pipeline in the city, bringing the company's total potential GDV from acquisitions and JDAs in Q1FY27 to Rs 5,200 crore.
Commenting on the deal, Ashish Puravankara, Managing Director, Puravankara Limited, said Bengaluru continues to be one of the company's most important growth markets, and this joint development reinforces its commitment to deepening its presence across high-potential urban corridors. The company's CEO added that the transaction further reinforces the company's disciplined expansion strategy and follows four land deals announced earlier in the quarter.
As a JDA-based project still in its early planning stage, exact unit configurations, tower plans, and pricing are yet to be released. This page will be updated as Puravankara formally launches the project and files for RERA registration.
At a Glance
