Puravankara signs JDA for ₹1,000 crore residential project in Bengaluru’s Sarjapur

Puravankara has announced the signing of a joint development agreement (JDA) with a landowner to develop a premium residential project in Sarjapur, Bengaluru, further expanding its footprint in one of the city’s most active housing markets.

According to the company’s regulatory filing, the project will be developed on a 6.4-acre land parcel located in Sarjapur, a rapidly emerging residential and commercial corridor that continues to attract homebuyers and investors due to its strong infrastructure and connectivity.

The proposed development will offer approximately 0.8 million square feet of saleable area and has an estimated gross development value (GDV) of around ₹1,000 crore. The project is expected to cater to the growing demand for quality residential developments in Bengaluru, particularly in locations with easy access to major employment hubs.

Sarjapur has witnessed significant real estate activity in recent years, supported by its connectivity to Outer Ring Road, Electronic City and several IT parks. The region has become a preferred destination for professionals seeking modern housing close to workplaces while benefiting from expanding social infrastructure.

The latest acquisition reinforces Puravankara’s strategy of strengthening its development pipeline through a combination of joint development agreements and land acquisitions. This asset-light approach enables the company to expand its portfolio while maintaining capital efficiency and accelerating project launches across key micro-markets.

The company has been actively adding development opportunities in Bengaluru as part of its long-term growth strategy. With sustained demand for residential properties and continued infrastructure investments across the city, developers are increasingly focusing on strategically located projects that offer long-term value to both homebuyers and investors.

The Sarjapur project is expected to further enhance Puravankara’s presence in Bengaluru’s residential market while supporting its broader expansion plans. As housing demand remains resilient, the new development is likely to contribute significantly to the company’s future sales pipeline and reinforce its position among India’s leading real estate developers.