Puravankara Signs JDA for ₹1,100 Crore Residential Project in Bengaluru

Real estate developer Puravankara has strengthened its presence in Bengaluru by signing a joint development agreement for an 11.23-acre land parcel in Doddagubbi, a rapidly growing residential corridor in North Bengaluru. The proposed project carries an estimated gross development value of ₹1,100 crore and is expected to add significant residential inventory to one of the city’s most promising micro markets.

The upcoming development will feature residential apartments with a total developable area of approximately 0.74 million square feet. The project is strategically located in Doddagubbi, an area that has witnessed increasing demand from homebuyers due to its connectivity to major employment and commercial hubs.

The location enjoys seamless access to Hennur, Hebbal, Yelahanka, Manyata Tech Park and Kempegowda International Airport. Improved road infrastructure, expanding social amenities and sustained employment growth across North Bengaluru have contributed to the area’s rising popularity among residential buyers and investors.

According to Puravankara, the project aligns with the company’s strategy of expanding through a capital-efficient development model while focusing on high-growth urban markets. The company has been actively strengthening its project pipeline across Bengaluru and other key metropolitan markets.

Ashish Puravankara, Managing Director of Puravankara Ltd, said the company continues to focus on locations supported by strong infrastructure, employment opportunities and long-term housing demand. He noted that the latest development supports the company’s growth plans while maintaining a disciplined and sustainable expansion strategy.

The signing comes after a landmark financial year for Puravankara. The company reported record annual sales of ₹7,407 crore during FY26, representing a substantial year-on-year increase. With the addition of the Doddagubbi project, Puravankara’s Bengaluru development pipeline now exceeds ₹13,800 crore in gross development value.

The company also posted a consolidated net profit of ₹109.95 crore for the quarter ended March 2026, compared with a loss in the corresponding period last year. Total income more than doubled during the quarter, reflecting strong business momentum.

The latest Bengaluru project further reinforces Puravankara’s commitment to expanding its footprint in India’s leading residential real estate markets.