The project has a saleable area of around 0.8 million sq ft and will be developed as a residential project, the company said in a release.
This latest addition further strengthens Puravankara’s development pipeline in the city, bringing the company’s total potential GDV from acquisitions and JDAs in the first quarter of the current financial year to Rs 5,200 crore.
“Bengaluru continues to be one of our most important growth markets, and this joint development reinforces our commitment to deepening our presence across high-potential urban corridors. As we pursue our FY27 growth agenda, our focus remains on securing quality land parcels in markets backed by infrastructure, employment density, and sustained homebuyer demand, while creating long-term value for our stakeholders,” said Ashish Puravankara, MD, Puravankara.
Strategically located in Kaggalipura Village, Sarjapura Hobli, the site has connectivity via Sarjapur Road, the Outer Ring Road along with the Electronic City technology corridor and other key employment hubs.
“In Q1FY27 alone, Puravankara has secured four land transactions in succession, underlining the company’s strong business development momentum and the ability to add high-potential projects to its portfolio. Together, these deals span 41.93 acres, with a cumulative development potential of around 4.23 million sq ft and a total estimated GDV of Rs 5,200 crore,” said Mallanna Sasalu, CEO, Puravankara.
Through such partnerships, realty developers are able to optimise capital deployment, expand across multiple high-growth corridors, and strengthen the overall quality and depth of its project pipeline.
As of March end, Puravankara has completed 95 projects totalling 57 million sq ft across nine cities including Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company’s total land bank is 40 million sq ft, and ongoing projects add up to 36.69 million sq ft.