Bengaluru, 01 June 2026: Puravankara
Limited (NSE: PURVA | BSE: 532891), one of India’s most trusted and admired
real estate developers, has signed a Joint Development Agreement (JDA) for an
11.23-acre land parcel in Doddagubbi, North Bengaluru, with an estimated gross
development value (GDV) of Rs 1,100 crore. The residential apartment project
will have a developable area of approximately 0.74 msft.
Commenting on the development, Ashish Puravankara,
Managing Director, Puravankara Limited, said, “FY26 was a landmark year
for us, with our highest-ever annual sales of ₹7,407 crore, a 55% growth y-o-y,
and a strengthened development pipeline across key micro-markets in Bengaluru
and Mumbai. This joint development in North Bengaluru is aligned with our
strategy of expanding in high-demand urban corridors through a calibrated and
capital-efficient approach. As we work towards our FY27 sales guidance of Rs.
11,200 crore, our focus remains on deepening our presence in markets with
strong infrastructure, employment access and long-term demand visibility.”
Located in the rapidly evolving corridor of North Bengaluru,
Doddagubbi enjoys strategic access to Hennur, Hebbal, Yelahanka, Manyata Tech
Park and Kempegowda International Airport. The micro-market is supported by
robust social and civic infrastructure, reputed educational institutions,
leading healthcare facilities and strong connectivity via NH-44. The location
has emerged as one of the city’s most sought-after residential destinations
with significant long-term growth potential.
Mallanna Sasalu, CEO - South, Puravankara Limited, added, “Bengaluru continues to remain our largest and
most important market, and is central to our launch momentum. In FY26, we
launched Purva Silversky and Purva Northern Lights in the city, along with new
phases across existing developments, reflecting sustained demand for
well-located, high-quality residential offerings. Over the past year and
through recent additions, we have strengthened our Bengaluru pipeline now
representing over Rs. 13,800 crore of GDV.”
This announcement further strengthens Puravankara’s
Bengaluru growth pipeline and follows a series of recent additions across key
micro-markets in the city.