Joint Venture10 Jul 2025, 09:14 am
Puravankara Enters JDA for 5.5-acre Land Parcel in East Bengaluru with Potential GDV of over Rs 1,000 Crores
AI Summary
Puravankara Group, a trusted real estate developer, has announced the joint development of 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. The project is expected to be launched in the next six to nine months. This 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 Group enters into a Joint Development Agreement for a 5.5-acre land parcel in East Bengaluru.
- The combined estimated gross development value (GDV) of the project is over Rs 1,000 crores.
- The project 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 location enjoys strong and steady market demand due to its proximity to major IT hubs and well-established social and physical infrastructure.