Puravankara Limited has entered into a joint development agreement for a seven point eight three-acre land parcel in south-east Bengaluru with an estimated gross development value of Rs 11 billion (bn). The company plans a luxury residential project with a saleable area of approximately zero point eight nine million (mn) sq ft. The deal is the fifth land transaction in Bengaluru this fiscal and brings cumulative FY27 business development to about 49.76 acres, roughly Rs 63 billion (bn) in potential GDV and five point one two mn sq ft of saleable area. The move strengthens Puravankara’s presence in the South Bengaluru corridor.

The site benefits from proximity to the Electronic City employment corridor and access to Hosa Road and Hosur Road, with connectivity to the Namma Metro Yellow Line. The micro-market has emerged as a residential catchment for professionals working in Electronic City and nearby employment hubs, supported by improving infrastructure and sustained demand for quality housing.

Ashish Puravankara, managing director of Puravankara Limited, said that Bengaluru remained the anchor of the company’s growth story and that South-East Bengaluru’s employment-led corridors provided conviction to invest. He indicated that the steady business development exemplified by this transaction underpins the company’s FY27 growth ambitions and that management would continue to pursue similar opportunities as they arise. The company attributed the move to a calibrated approach to expanding its development pipeline in the city.

Mallanna Sasalu, chief executive officer for South, described the parcel as delivering close to a million square feet of saleable area in a corridor with strong housing demand driven by employment, social infrastructure and connectivity. The Puravankara Group has also forayed into Grade A commercial real estate with approximately three mn sq ft of presence and operates an interior design arm, Purva Streaks. As of June 30, 2026, the group had completed 97 projects totalling 59 mn sq ft across nine cities, held a land bank of about 40 mn sq ft and had ongoing projects aggregating 35.14 mn sq ft.