Puravankara Limited has signed a Joint Development Agreement (JDA) for an 11.23-acre land parcel in Doddagubbi, North Bengaluru. The project has an estimated Gross Development Value (GDV) of Rs 1,100 crore and a developable area of approximately 0.74 msft. This strategic move aligns with Puravankara’s growth strategy in high-demand urban corridors, reinforcing its position in the Bengaluru market.
New Land Acquisition in Bengaluru
Puravankara Limited, a prominent real estate developer, announced on June 1, 2026, that it has signed a Joint Development Agreement (JDA). The agreement is for an 11.23-acre land parcel located in Doddagubbi, North Bengaluru. This development is poised to have an estimated Gross Development Value (GDV) of Rs 1,100 crore, with the residential apartment project offering a developable area of approximately 0.74 million square feet.
Strategic Growth and Market Focus
Ashish Puravankara, Managing Director of Puravankara Limited, commented on the development, highlighting FY26 as a landmark year with record sales of Rs 7,407 crore, a 55% year-on-year growth. He stated, “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.” The company aims to achieve its FY27 sales guidance of Rs 11,200 crore by deepening its presence in markets with strong infrastructure and long-term demand visibility.
Location Advantages and Market Potential
The acquired land parcel in Doddagubbi is situated in a rapidly evolving corridor of North Bengaluru, offering strategic access to Hennur, Hebbal, Yelahanka, Manyata Tech Park, and Kempegowda International Airport. The micro-market benefits from robust social and civic infrastructure, including reputed educational institutions, leading healthcare facilities, and strong connectivity via NH-44. This location has become a highly sought-after residential destination with significant long-term growth potential.
Reinforcing Bengaluru’s Market Dominance
Mallanna Sasalu, CEO – South, Puravankara Limited, emphasized Bengaluru’s importance as the company’s largest and most critical market. He noted that in FY26, Puravankara launched projects like Purva Silversky and Purva Northern Lights in the city, alongside new phases for existing developments, reflecting sustained demand. The company’s Bengaluru pipeline now represents over Rs 13,800 crore of GDV, further strengthened by this recent acquisition. This announcement underscores Puravankara’s commitment to expanding its presence and offerings in key micro-markets across Bengaluru.
Source: BSE
