Joint Venture9 Mar 2026, 09:20 am
Puravankara Enters Joint Development Project on Hennur Road, Bengaluru with GDV Over ₹ 1,300 Crore
AI Summary
Puravankara Group, one of India’s leading real estate developers, has entered into a joint development of a 4-acre land parcel on Hennur Road in Bengaluru, with an estimated gross development value (GDV) of over ₹ 1,300 crore. The acquisition aligns with the company’s strategic vision to expand its footprint in key Bengaluru micro-markets that offer robust infrastructure, strong connectivity, and sustained residential demand. The land parcel offers a total saleable area of approximately 0.84 million square feet and is expected to be brought to market within the next 6-12 months.
Key Highlights
- Puravankara Group enters joint development project on Hennur Road, Bengaluru with GDV over ₹ 1,300 crore.
- The project aligns with the company’s strategic vision to expand in key Bengaluru micro-markets with robust infrastructure and sustained residential demand.
- The 4-acre land parcel offers a total saleable area of approximately 0.84 million square feet.
- The project is expected to be brought to market within the next 6-12 months.
- Puravankara Group has been actively acquiring land parcels in Bengaluru, including a 53.5-acre land parcel in Anekal Taluka and a 24.59-acre parcel at KIADB Hardware Park in North Bengaluru.