Puravankara Eyes Bengaluru Joint Development Worth 13 bn

13 Mar 2026 CW Team

Ashish Puravankara, the managing director, described Bengaluru as one of India’s most resilient and fastest-growing residential markets supported by employment growth, infrastructure investment and sustained housing demand. He said the joint development aligns with the group’s strategy of expanding through partnerships while delivering thoughtfully designed homes. Mallanna Sasalu, the chief executive officer for the south region, noted confidence in steady buyer interest and indicated the group expects to bring the project to market within the next six to 12 months.

Earlier this year the group added land parcels to strengthen its Bengaluru pipeline, including a 53.5-acre parcel in Anekal Taluka with development potential of 6.4 mn sq ft and a GDV of about 48 bn. It is also developing a 24.59-acre parcel at the KIADB Hardware Park in North Bengaluru in partnership with KVN Property Holdings LLP, with potential of 3.48 mn sq ft and a GDV of about 33 bn. In addition the group has undertaken a five and a half-acre joint development in Balagere, East Bengaluru, with a developable area of 0.85 mn sq ft and a GDV of about 10 bn.

As of December 31, 2025 the group has completed more than 93 projects measuring about 56 mn sq ft across nine cities including Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune and Goa. The company said its total land bank is close to 38 mn sq ft while ongoing projects add up to 34 mn sq ft. Puravankara indicated the new joint development will further strengthen its Bengaluru portfolio and fit within its broader growth and capital efficiency objectives.

Puravankara Group has signed a joint development agreement for a four-acre land parcel on Hennur Road in Bengaluru, with a gross development value estimated at about 13 bn and a total saleable area of around 0.84 mn sq ft. The group said the project forms part of an asset-light expansion strategy focused on high-potential micro-markets and capital-efficient partnerships. It indicated the development will deliver residential units designed for evolving urban lifestyles. Ashish Puravankara, the managing director, described Bengaluru as one of India’s most resilient and fastest-growing residential markets supported by employment growth, infrastructure investment and sustained housing demand. He said the joint development aligns with the group’s strategy of expanding through partnerships while delivering thoughtfully designed homes. Mallanna Sasalu, the chief executive officer for the south region, noted confidence in steady buyer interest and indicated the group expects to bring the project to market within the next six to 12 months. Earlier this year the group added land parcels to strengthen its Bengaluru pipeline, including a 53.5-acre parcel in Anekal Taluka with development potential of 6.4 mn sq ft and a GDV of about 48 bn. It is also developing a 24.59-acre parcel at the KIADB Hardware Park in North Bengaluru in partnership with KVN Property Holdings LLP, with potential of 3.48 mn sq ft and a GDV of about 33 bn. In addition the group has undertaken a five and a half-acre joint development in Balagere, East Bengaluru, with a developable area of 0.85 mn sq ft and a GDV of about 10 bn. As of December 31, 2025 the group has completed more than 93 projects measuring about 56 mn sq ft across nine cities including Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune and Goa. The company said its total land bank is close to 38 mn sq ft while ongoing projects add up to 34 mn sq ft. Puravankara indicated the new joint development will further strengthen its Bengaluru portfolio and fit within its broader growth and capital efficiency objectives.

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