Puravankara to Develop 12.76-Acre Land Parcel in Bengaluru

Puravankara signs a joint development agreement for 12.76 acres in Sathanur, North Bengaluru, with an estimated gross development value of ₹2,500 crore and a proposed saleable area of 1.90 million sq ft.

Through a Joint Development Agreement (JDA), Puravankara Limited improves its residential project pipeline in Bengaluru by acquiring a land plot spanning 12.76 acres in Sathanur, North Bengaluru. The GDV of the project stands at around ₹2,500 crore while the potential saleable area is around 1.90 million square feet.

It is a component of the developer's plan of expanding their presence in the housing market by acquiring more land and engaging in joint development. The presence of Sathanur in the northern area of Bangalore is an advantage for the developer to capture the housing market of the city.

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“Through this agreement, we hope to achieve our aim of building our development pipeline through land acquisitions which provide us with scale and growth,” states Ashish Puravankara, Managing Director of Puravankara Limited. “We continue to be actively exploring opportunities within our target geographies.”

According to Mallanna Sasalu, the CEO South at Puravankara, the plot provides the chance of developing a large residential project with saleable area of 1.90 million sq. ft. The CEO stresses the fact that there is good end-user demand in Bengaluru.

The Sathanur deal also makes up part of the development initiatives of Puravankara in the financial year 2026–27. Taking into consideration this deal, the total number of projects by Puravankara so far stands at eight projects located in Bengaluru, Mumbai, and Delhi-NCR, having a total development potential of 12.64 million sq ft and GDV of ₹16,600 crore.

There are six additions to the land bank in Bengaluru, which include Sathanur, Mandur, Doddagubbi, Sanna Ammanikere, Sarjapur, and South-East Bengaluru. Collectively, these six additions have a total development potential of 7.02 million sq ft and a gross development value of ₹8,800 crore.

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For Mumbai, Puravankara has included the development potential from a re-development project in Goregaon West, with GDV of ₹2,600 crore and approximately 1.05 million sq ft saleable space. For Delhi-NCR, Puravankara has included the development potential from a land holding in Greater Noida, with development potential of 4.57 million sq ft and estimated GDV of ₹5,200 crore.

The Sathanur development adds weight to the growth plan of Puravankara in key urban centers and is also another residential addition to the company’s pipeline.