Puravankara signs JDV of 12.76-acre land parcel in North Bengaluru

Puravankara has signed a Joint Development Agreement (JDA) for a 12.76-acre land parcel in Sathanur, North Bengaluru, with an estimated Gross Development Value (GDV) of Rs 2,500 crore.

The proposed development, with a saleable area of approximately 1.90 million square feet (msft), will strengthen the company's residential development pipeline in Bengaluru and reinforce its focus on high potential micro-markets and strategic land additions.

With the proposed Sathanur development, Puravankara's business development additions for FY27 so far 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 Rs 16,600 crore.

• Bengaluru: Six land additions, including Sathanur, Mandur, Doddagubbi, Sanna Ammanikere, Sarjapur and South-East Bengaluru, representing a development potential of approximately 7.02 msft and a combined estimated GDV of Rs 8,800 crore.
• Mumbai: A redevelopment project in Goregaon West, with an estimated GDV of Rs 2,600 crore and approximately 1.05 msft of saleable area.
• Delhi-NCR: A land parcel in Greater Noida, with development potential of 4.57 msft and an estimated GDV potential of Rs 5,200 crore.