ARTICLE AD BOX
Bengaluru: Real estate major Purvankara Limited has announced its intention to develop a 6.4 acre land parcel in Sarjapur, Bengaluru under a Joint Development Agreement (JDA) route. The project includes an estimated Gross Development Value(GDV) of about ₹1,000 crore, taking its total potential JDAs in the city to an estimated ₹5,200 crores in GDV.
The project has a saleable area of about 0.8 m sq feet and will be developed as a residential community catering to the growing demand in the emerging area. The land parcel is well connected to the Outer Ring Road through the Sarjapur Road, with its location at the Kaggalipura Village in Sarjapura Hobli. This corridor has remained a preferred destination for IT professionals and homebuyers seeking quality housing, with high demand due to limited quality residential projects from reputed developers.
“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.” Ashish Puravankara, Managing Director, Puravankara Limited, said in a press release.
“The mix of outright acquisitions and joint development agreements across key Bengaluru micro-markets reflects our calibrated growth strategy, combining scale creation with capital efficiency. The pace, scale, and quality of these additions indicate that the company is moving in the right direction and steadily strengthening its development pipeline in Bengaluru. Notably, in Q1FY27 alone, Puravankara announced four land transactions in quick succession, underlining the company’s strong business development momentum and the ability to consistently add high-potential projects to its portfolio. Together, these deals span approximately 41.93 acres, with a cumulative development potential of around 4.23 msft and a total estimated GDV of Rs 5,200 crore.” Mallanna Sasalu, CEO, Puravankara Limited, added.
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