Bengaluru-based real estate developer Puravankara has entered into a joint development agreement (JDA) for a 12.76-acre land parcel in Sathanur, North Bengaluru, with an estimated gross development value (GDV) of ₹2,500 crore.
The pla
nned project, with a saleable area of approximately 1.90 million sq. ft., will expand the company’s residential development pipeline in Bengaluru and highlight its focus on promising micro-markets and strategic land acquisitions.
Commenting on the project, Ashish Puravankara, MD, Puravankara, said, “The Sathanur JDA, with an estimated GDV of ₹2,500 crore, is another step in this direction. We continue to evaluate opportunities across key markets with a disciplined approach to capital allocation, ensuring that each investment contributes to building a stronger and more sustainable portfolio.”
Meanwhile, Mallanna Sasalu, CEO-South, Puravankara, said, “Our priority will be to translate this opportunity into a well-planned development that meets evolving homebuyer expectations, with a clear focus on product quality, timely approvals and efficient execution.”
FY27 Business Expansion and Project Additions
Including the proposed Sathanur project, Puravankara’s business development additions for FY27 to date comprise eight projects, with a combined development potential of around 12.64 msft across Bengaluru, Mumbai and Delhi-NCR, and a total potential GDV of ₹16,600 crore.
In Bengaluru, the company has added six land parcels, including Sathanur, Mandur, Doddagubbi, Sanna Ammanikere, Sarjapur and South-East Bengaluru, with development potential of approximately 7.02 m sq. ft. and a combined estimated GDV of ₹8,800 crore.
Separately, a redevelopment project is progressing in Goregaon West, with an estimated GDV of 2,600 crore and approximately 1.05 m sq. ft. of saleable area.
The company has also added a land parcel in Greater Noida, offering development potential of 4.57 m sq. ft. and an estimated GDV potential of ₹5,200 crore.
These projects expand Puravankara’s development pipeline across three important markets and support its long-term growth strategy.
