Puravankara signs JDA for ₹1,100 crore Bengaluru project

Puravankara Limited has signed a joint development agreement (JDA) for a 7.83-acre land parcel in southeast Bengaluru. The new residential project is expected to have a gross development value (GDV) of approximately ₹1,100 crore and a saleable area of roughly 0.89 million square feet.

The site is strategically located near the Electronic City employment corridor, providing access to Hosa Road, Hosur Road, and the Namma Metro Yellow Line. This transaction represents Puravankara’s fifth land acquisition in Bengaluru during the 2027 fiscal year.

To date, the company’s business development in Bengaluru for FY27 has reached nearly 50 acres, with a potential GDV of approximately ₹6,300 crore. This expansion follows several other recent agreements in areas such as Sarjapur, Sanna Ammanikere, Doddagubbi, and Mandur.