Puravankara Expands Bengaluru Presence with ₹1,000 Crore Residential Development Project

$PURVA (Puravankara Ltd) has further strengthened its Bengaluru expansion strategy by signing a joint development agreement for a 6.4-acre land parcel in Sarjapur, with an estimated Gross Development Value (GDV) of ₹1,000 crore. The upcoming residential project will offer a saleable area of around 0.8 million square feet and is strategically located in Kaggalipura village, Sarjapuri Hobli, benefiting from strong connectivity to Sarjapur Road, Outer Ring Road, Electronic City, and other major employment hubs. The area has witnessed rising demand from IT professionals and homebuyers, supported by improving infrastructure and limited supply of quality residential projects from established developers. With this transaction, Puravankara's total development pipeline from acquisitions and joint development agreements in Q1 FY26 has increased to an estimated ₹5,200 crore in GDV. The company has also completed four land transactions in a short span, covering approximately 41.93 acres, with a combined development potential of 4.23 million square feet and a total estimated GDV of ₹5,200 crore. The latest acquisition reflects the company's continued focus on expanding in high-growth residential markets backed by strong infrastructure, employment opportunities and sustained housing demand, supporting its long-term growth strategy. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.