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Puravankara Group has entered a joint development on a 4-acre Hennur Road parcel in Bengaluru, with an estimated GDV of over INR 1,300 crore and a saleable area of 0.84 million sq. ft. The project aligns with the company's strategy of asset-light expansion in high-demand micro-markets, particularly North Bengaluru, which benefits from proximity to the airport, tech parks, and well-developed infrastructure. The project is expected to launch within 6-12 months. Earlier strategic acquisitions in Anekal, KIADB Hardware Park, and Balagere have strengthened Puravankara's Bengaluru growth pipeline.
Puravankara Group (NSE: PURVA | BSE: 532891), a leading real estate developer in India, has announced a joint development on a 4-acre land parcel on Hennur Road in Bengaluru, with an estimated gross development value (GDV) of over INR 1,300 crore. The acquisition is part of the company's strategy to strengthen its presence in Bengaluru micro-markets that offer solid infrastructure, connectivity, and sustained residential demand. The project will provide a total saleable area of around 0.84 million square feet. Advertisement
According to Ashish R. Puravankara, Managing Director of Puravankara Limited, Bengaluru remains one of the country's most resilient and fastest-growing residential markets. North Bengaluru, in particular, has become a key growth corridor, supported by its proximity to Kempegowda International Airport, expanding tech parks, and improving connectivity. Hennur Road has consistently attracted homebuyers due to its access to employment hubs and well-established social infrastructure. The joint development is aligned with the company's approach of expanding through asset-light partnerships while delivering thoughtfully designed homes for urban lifestyles.
Mallanna Sasalu, CEO South, Puravankara Limited, noted that the project demonstrates the company's continued focus on high-demand residential corridors in Bengaluru through capital-efficient partnerships. With steady demand in the micro-market, the company expects strong buyer interest and plans to bring the project to market within the next 6-12 months, further enhancing its Bengaluru portfolio.
Earlier this year, Puravankara strengthened its Bengaluru pipeline with several strategic acquisitions. These included a 53.5-acre land parcel in Anekal Taluka with a development potential of 6.4 million sq. ft. and a GDV exceeding INR 4,800 crore. The group is also developing a 24.59-acre parcel at KIADB Hardware Park in North Bengaluru, in partnership with KVN Property Holdings LLP, offering 3.48 million sq. ft. and a GDV of over INR 3,300 crore. In addition, a 5.5-acre joint development in Balagere, East Bengaluru, is underway with a developable area of 0.85 million sq. ft. and a GDV surpassing INR 1,000 crore.
Source PTI
FAQ
1. What is the scale and value of Puravankara's new Hennur Road project?
Puravankara Group has entered a joint development for a 4-acre land parcel on Hennur Road, Bengaluru. The project has an estimated gross development value (GDV) of over INR 1,300 crore and will offer a saleable area of approximately 0.84 million sq. ft. The project is designed to cater to the strong residential demand in North Bengaluru.
2. How does this project fit into Puravankara's overall strategy?
The Hennur Road project aligns with Puravankara's asset-light expansion strategy, which focuses on high-demand micro-markets. By entering joint development agreements rather than acquiring land outright, the company can optimize capital efficiency while strengthening its presence in strategic locations with strong infrastructure and connectivity.
3. Why is North Bengaluru, particularly Hennur Road, considered a key growth corridor?
North Bengaluru is a fast-growing residential market due to its proximity to Kempegowda International Airport, expanding tech parks, and well-developed infrastructure. Hennur Road, in particular, attracts homebuyers because of its access to employment hubs, social amenities, and improving transport links, making it a preferred location for urban residential projects.
4. When is the Hennur Road project expected to launch?
Puravankara plans to launch the Hennur Road project within the next 6-12 months. The company anticipates strong buyer interest due to the micro-market's sustained demand and the project's design that caters to urban lifestyles.
5. What previous acquisitions have strengthened Puravankara's Bengaluru growth pipeline?
Earlier in 2026, Puravankara acquired a 53.5-acre parcel in Anekal Taluka (GDV over INR 4,800 crore, developable area 6.4 million sq. ft.), a 24.59-acre site at KIADB Hardware Park in North Bengaluru (in partnership with KVN Property Holdings LLP, GDV over INR 3,300 crore, 3.48 million sq. ft.), and a 5.5-acre joint development in Balagere, East Bengaluru (GDV over INR 1,000 crore, 0.85 million sq. ft.). These moves significantly enhance the company's Bengaluru portfolio.
6. How does Puravankara expect the market to respond to the Hennur Road project?
Given the strong residential demand in North Bengaluru and the company's reputation for delivering thoughtfully designed homes, Puravankara expects strong interest from buyers. The project's location, connectivity, and infrastructure are key drivers for anticipated demand.
7. Who are the key company executives commenting on the project, and what do they highlight?
Ashish R. Puravankara, Managing Director, emphasized Bengaluru's resilience as a residential market and highlighted North Bengaluru's growth potential. Mallanna Sasalu, CEO South, highlighted the company's capital-efficient approach through asset-light partnerships and the expected strong buyer interest for the project. Both executives underscored the company's strategic focus on high-demand corridors in Bengaluru.
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