Puravankara Expands Footprint in North Bengaluru with New Development
Puravankara Limited has secured a joint development agreement for an 11.23-acre site in North Bengaluru, aiming for a Rs 1,100 crore project. This move aligns with their strategy of expanding in urban corridors to achieve FY27 sales targets. The new development reflects Bengaluru's growing residential demand.
In a significant move marking its footprint expansion, Puravankara Limited, a reputed name in Indian real estate, announced on June 1 a Joint Development Agreement (JDA) for a prime 11.23-acre land parcel in Doddagubbi, North Bengaluru. With a Gross Development Value (GDV) of Rs 1,100 crore, the project promises to add to the region's burgeoning residential appeal.
Managing Director Ashish Puravankara highlighted the landmark achievements of FY26, noting record sales at ₹7,407 crore fueled by a 55% year-on-year growth. The recent project is aligned with Puravankara's strategy to penetrate high-demand urban corridors with efficiency, furthering their FY27 sales guidance of Rs. 11,200 crore. The North Bengaluru site is strategically placed near key hubs like Hennur, Hebbal, and Manyata Tech Park, making it a highly sought-after destination.
CEO of South, Mallanna Sasalu, emphasized Bengaluru's vital role in Puravankara's strategic plans, mentioning recent launches like Purva Silversky and Purva Northern Lights. The company's robust portfolio in Bengaluru now encompasses over Rs. 13,800 crore of GDV, reflecting the city's sustained demand for premium residential projects. This development strengthens Puravankara's comprehensive growth trajectory across key markets.
(With inputs from agencies.)
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