Real estate developer Puravankara on Monday, October 12, said it 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 ₹2,500 crore.
The proposed residential development will have a saleable area of approximately 1.90 million square feet, the company said in an exchange filing on Monday.
The company’s CEO Mallanna Sasalu said Bengaluru continues to see healthy end-user demand. “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,” Sasalu said.
The company did not specify a project launch date or a construction timeline, but said it would focus on obtaining approvals and executing the project while maintaining capital efficiency.
“Our focus remains on strengthening Puravankara’s development pipeline through strategic land additions that offer scale, strong market potential and visibility for future growth,” Ashish Puravankara, Managing Director of Puravankara, said.
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Bengaluru leads Puravankara’s FY27 project additions
The agreement adds to Puravankara’s development pipeline in Bengaluru as the company expands its presence across residential markets.
With the Sathanur project, Puravankara’s business development additions for the financial year 2027 comprise eight projects across Bengaluru, Mumbai and Delhi-National Capital Region (NCR). Together, these projects have a development potential of around 12.64 million square feet and an estimated GDV of ₹16,600 crore, the company said.
The latest deal follows Puravankara’s entry into the Delhi-NCR real estate market in September 2026, when its wholly-owned subsidiary, Prudential Housing and Infrastructure Development, secured the allotment of a 13.44-acre land parcel in Greater Noida. The parcel has a saleable potential of approximately 4.57 million square feet and an estimated GDV of ₹5,200 crore, according to the company’s stock exchange filing.
Bengaluru accounts for six of the eight additions, including land parcels in Sathanur, Mandur, Doddagubbi, Sanna Ammanikere, Sarjapur and south-east Bengaluru. These projects represent a development potential of approximately 7.02 million square feet and a combined estimated GDV of ₹8,800 crore.
In Mumbai, the company has added a redevelopment project in Goregaon West, with an estimated GDV of ₹2,600 crore and a saleable area of approximately 1.05 million square feet, the company said.
As of June 30, 2026, Puravankara had completed 97 projects spanning approximately 59 million square feet across nine cities. Its total land bank stood at around 40 million square feet, while ongoing projects covered 35.14 million square feet, according to the company.
Puravankara shares were trading 1.3% up at ₹210.00, up on October 12.
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