Mumbai, June 29 -- Puravankara has entered into a joint development agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru, with an estimated gross development value (GDV) of Rs 10 billion. The proposed residential project will have a saleable area of approximately 0.8 million sq ft and cater to the growing housing demand in the emerging micro-market.
The latest addition further strengthens Puravankara's development pipeline in Bengaluru, taking the company's cumulative GDV from acquisitions and JDAs announced in Q1FY27 to Rs 52 billion.
Commenting on the development, Ashish Puravankara, Managing Director, Puravankara, said, "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."
Located in Kaggalipura Village, Sarjapura Hobli, the site offers connectivity through Sarjapur Road and the Outer Ring Road, while also providing access to the Electronic City technology corridor and other major employment hubs. The corridor has increasingly emerged as a preferred residential destination for IT professionals and end-users owing to improving infrastructure and limited supply from organised developers.
Mallanna Sasalu, CEO, Puravankara, said, "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."
He added that the company announced four land transactions in Q1FY27, spanning around 41.93 acres with a cumulative development potential of approximately 4.23 million sq ft and an estimated GDV of Rs 52 billion.
Puravankara said that strong end-user demand, improving connectivity and limited branded supply make Sarjapur an attractive micro-market for residential development. Through such partnerships, the company aims to optimise capital deployment and expand its presence across high-growth corridors.
Published by HT Digital Content Services with permission from Construction World.