Puravankara Just Dropped a Rs 1,000 Crore Move in Sarjapur!

Real estate major Puravankara has secured a Joint Development Agreement (JDA) for a prime 6.4-acre land parcel in Sarjapur, Bengaluru. The upcoming residential project will feature a total saleable area of approximately 0.8 million sq. ft., catering to the surging demand for premium housing in one of the city's fastest-growing tech corridors.

With an estimated Gross Development Value (GDV) of Rs 1,000 crore, this acquisition pushes Puravankara’s cumulative potential GDV from Q1FY27 land additions to a massive Rs 5,200 crore. Located in Kaggalipura Village (Sarjapura Hobli), the project boasts seamless connectivity to Sarjapur Road, the Outer Ring Road, and the Electronic City IT hub.

"Our mix of outright acquisitions and JDAs across key Bengaluru micro-markets reflects a calibrated growth strategy that balances scale with capital efficiency," said Mallanna Sasalu, CEO of Puravankara. "Securing four high-potential land transactions in quick succession during Q1FY27 alone underscores our robust business momentum and commitment to steadily strengthening our development pipeline."

News by Rahul Yelligetti.