Joint Venture10 Jul 2025, 09:20 am
Puravankara Announces JDA for 5.5-acre Land Parcel in East Bengaluru with Potential GDV of over Rs 1,000 Crores
AI Summary
Puravankara Ltd. has entered into a Joint Development Agreement (JDA) for a 5.5-acre land parcel in East Bengaluru with a combined estimated gross development value (GDV) of over Rs. 1,000 Crores. The land parcel, located in Balagere, offers a total combined saleable area of 0.83 million square feet and is expected to be launched in the next six to nine months. This joint development aligns with the company's strategic vision to expand its footprint in key Bengaluru micro-markets with robust infrastructure, excellent connectivity, and sustained residential demand.
Key Highlights
- Puravankara Ltd. has entered into a JDA for a 5.5-acre land parcel in East Bengaluru with a combined estimated GDV of over Rs. 1,000 Crores.
- The land parcel is located in Balagere, East Bengaluru, and offers a total combined saleable area of 0.83 million square feet.
- The project is expected to be launched in the next six to nine months.
- The joint development aligns with the company's strategic vision to expand its footprint in key Bengaluru micro-markets.
- The site enjoys strong and steady market demand due to its proximity to major IT hubs and well-established social and physical infrastructure.