Puravankara signs JDA for Rs 2,500 crore project in Bengaluru

Puravankara Limited has signed a Joint Development Agreement (JDA) to develop a 12.76-acre land parcel in Sathanur, North Bengaluru. The upcoming residential project is estimated to have a Gross Development Value (GDV) of Rs 2,500 crore.

The development is expected to feature a saleable area of approximately 1.90 million square feet. Ashish Puravankara, Managing Director of Puravankara Limited, stated that the agreement is part of a strategy to strengthen the company’s development pipeline through strategic land additions that offer scale and market potential.

This project aligns with the company’s efforts to expand its portfolio in Bengaluru while maintaining capital efficiency. Puravankara has previously completed 97 projects totaling 59 million square feet across various Indian cities, including Chennai, Hyderabad, and Mumbai.