Puravankara Ltd, a real estate developer, 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 sq. ft. The addition strengthens the company’s Bengaluru pipeline and takes its business development additions for FY27 so far to eight projects across three major markets.
Focus on strategic land additions
“Our focus remains on strengthening Puravankara’s development pipeline through strategic land additions that offer scale, strong market potential and visibility for future growth.
The Sathanur JDA is another step in this direction. We continue to evaluate opportunities across key markets with a disciplined approach to capital allocation, ensuring that each investment contributes to building a stronger and more sustainable portfolio,” Managing Director, Ashish Puravankara said.
The company said the agreement aligns with its strategy of expanding its portfolio through high-potential micro-markets while maintaining capital efficiency and ensuring timely project execution.
Eight projects added in FY27
With the Sathanur development, Puravankara’s business development additions for FY27 comprise eight projects with a combined development potential of approximately 12.64 million sq. ft. across Bengaluru, Mumbai and Delhi-NCR. The projects have a total potential GDV of ₹16,600 crore.
Bengaluru accounts for six additions, including Sathanur, Mandur, Doddagubbi, Sanna Ammanikere, Sarjapur and South-East Bengaluru. Together, these projects represent approximately 7.02 million sq. ft. of development potential and an estimated GDV of ₹8,800 crore.
Expansion across Mumbai and Delhi-NCR
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 sq. ft.
In Delhi-NCR, a land parcel in Greater Noida offers development potential of 4.57 million sq. ft. and an estimated GDV of ₹5,200 crore.
Focus on quality and execution
“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,” CEO-South Mallanna Sasalu said.
The company said the additions would strengthen its development pipeline across the three markets and support its long-term growth plans.
Portfolio spans nine cities
As of June 2026, Puravankara had completed 97 projects covering 59 million sq. ft. across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune and Goa.
The company has a total land bank of approximately 40 million sq. ft., while its ongoing projects cover 35.14 million sq. ft.