India, March 9 -- Bengaluru-based real estate developer Puravankara Limited has entered into a joint development agreement for a 4-acre land parcel on North Bengaluru's Hennur Road with a gross development value (GDV) of over Rs.1,300 crore, the company said in a regulatory filing on March 9.

The project is expected to have a total saleable area of around 0.84 million square feet. "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 company said.

The project is expected to be launched within the next six to twelve months, it said.Also Read: Puravankara plans 12-13 mn sq ft of housing...