Key Highlights
- Puravankara signed a Joint Development Agreement for a 6.4-acre land parcel in Sarjapur, Bengaluru.
- The residential project has an estimated Gross Development Value of approximately ₹1,000 crore.
- The development will offer around 0.8 million square feet of saleable area.
- Puravankara’s Q1 FY27 land acquisitions and JDAs now have a cumulative potential GDV of about ₹5,200 crore.
- The company said the project will strengthen its residential development pipeline in Bengaluru.
Puravankara Limited has announced that it has entered into a Joint Development Agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru. The project has an estimated Gross Development Value (GDV) of approximately ₹1,000 crore and will be developed as a residential community.
The company said the project will have a saleable area of around 0.8 million square feet. The development is aimed at addressing housing demand in the rapidly growing Sarjapur corridor, a key residential and employment hub in Bengaluru.
According to the company, the latest land acquisition further strengthens its development pipeline in Bengaluru. Puravankara stated that its cumulative potential GDV from acquisitions and JDAs announced during Q1 FY27 has reached approximately ₹5,200 crore.
The Sarjapur project is strategically located near Kaggalipura Village in Sarjapur Hobli and offers connectivity to Sarjapur Road, the Outer Ring Road, and the Electronics City technology corridor. The company noted that the area continues to witness demand from IT professionals and homebuyers, supported by infrastructure development and limited supply of organised residential projects.
Commenting on the development, Ashish Puravankara, Managing Director of Puravankara Limited, said Bengaluru remains a key growth market for the company and that the agreement aligns with its strategy of expanding in high-potential urban corridors while maintaining a focus on capital efficiency and long-term value creation.
Mallanna Sasalu, Chief Executive Officer of Puravankara Limited, said the company’s approach of combining outright land acquisitions with joint development agreements is intended to strengthen its project pipeline across Bengaluru’s micro-markets. He added that the company has announced four land transactions during the first quarter of FY27, covering around 41.93 acres with a cumulative development potential of approximately 4.23 million square feet.
Puravankara stated that the Sarjapur micro-market offers strong end-user demand, improving connectivity, and opportunities for value creation. The company expects the project to support the expansion of its residential portfolio while optimising capital deployment through the joint development model.
