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Puravankara Limited has entered into a Joint Development Agreement (JDA) for an 11.23-acre land parcel at Doddagubbi in North Bengaluru, where it plans to develop a residential apartment project with an estimated gross development value (GDV) of INR 1,100 crore. The development will comprise approximately 0.74 million sq ft of saleable area and forms part of the company’s ongoing expansion strategy in key urban micro-markets. The announcement comes after the developer reported record annual sales of INR 7,407 crore in FY26 and outlined a FY27 sales target of INR 11,200 crore. The project strengthens Puravankara’s pipeline in Bengaluru, which now represents more than INR 13,800 crore in GDV across multiple residential developments.
Puravankara Limited has signed a Joint Development Agreement for an 11.23-acre land parcel in Doddagubbi, North Bengaluru, to develop a residential apartment project with an estimated gross development value of INR 1,100 crore. Announced on 1 June, the project is expected to deliver around 0.74 million sq ft of developable area and forms part of the company’s strategy to expand its residential footprint in high-demand urban corridors through an asset-light development model.
The land parcel is located in Doddagubbi, a rapidly developing residential corridor in North Bengaluru. The micro-market benefits from its proximity to established employment and commercial hubs including Hennur, Hebbal, Yelahanka and Manyata Tech Park. It also offers connectivity to Kempegowda International Airport and access to the National Highway-44 corridor, factors that have contributed to growing residential demand in the area.
According to the company, the location is supported by established social infrastructure, including educational institutions and healthcare facilities, alongside improving civic infrastructure. These factors have helped position the area among the preferred residential destinations in Bengaluru's northern growth corridor.
Ashish Puravankara, Managing Director of Puravankara Limited, stated that FY26 had been the company’s strongest year on record, with annual sales reaching INR 7,407 crore, representing a 55 per cent year-on-year increase. He noted that the company had also strengthened its development pipeline across key micro-markets in Bengaluru and Mumbai during the year.
He further indicated that the North Bengaluru joint development aligns with the company’s strategy of expanding its presence in high-demand urban locations through a calibrated and capital-efficient approach. The company continues to focus on markets supported by infrastructure growth, employment opportunities and long-term housing demand as it works towards its FY27 sales guidance of INR 11,200 crore.
Mallanna Sasalu, Chief Executive Officer – South, Puravankara Limited, said Bengaluru remains the company’s largest and most significant market and continues to drive its project launch pipeline. He highlighted that the developer launched projects including Purva Silversky and Purva Northern Lights in the city during FY26, alongside additional phases within existing developments, reflecting sustained demand for residential projects in established locations.
He added that recent land additions and project acquisitions have strengthened the company’s development pipeline in Bengaluru, which now exceeds INR 13,800 crore in estimated GDV.
The Doddagubbi project adds to a series of recent acquisitions and development agreements undertaken by Puravankara across Bengaluru, reinforcing its focus on expanding its residential portfolio in one of India’s most active housing markets.
Source - PTI
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