Puravankara Enters Joint Development Project on Hennur Road, Bengaluru GDV Over INR 1,300 Crore

Bengaluru : Puravankara Group (NSE: PURVA | BSE: 532891), one of India’s leading real estate developers, has entered into the joint development of a 4-acre land parcel on Hennur Road in Bengaluru, with an estimated gross development value (GDV) of over Rs 1,300 crore. The acquisition aligns with the company’s strategic vision to expand its footprint in key Bengaluru micro-markets that offer robust infrastructure, strong connectivity, and sustained residential demand.

Commenting on the development, Ashish Puravankara, Managing Director, Puravankara Limited, said, “Bengaluru continues to be one of India’s most resilient and fastest-growing residential markets, supported by strong employment growth, infrastructure investments, and sustained housing demand. Within the city, North Bengaluru has emerged as a key growth corridor, driven by its proximity to Kempegowda International Airport, expanding tech parks, and improving connectivity. Hennur Road, in particular, has seen steady traction from homebuyers due to its access to employment hubs and well-developed social infrastructure. This joint development aligns with our strategy of expanding through asset-light partnerships in high-potential micro-markets while delivering thoughtfully designed homes that cater to evolving urban lifestyles.”