Joint Development Agreement Details
Puravankara Limited has signed a Joint Development Agreement (JDA) for a 12.76-acre land parcel located in Sathanur, North Bengaluru. The project has an estimated Gross Development Value (GDV) of ₹2,500 crore. The proposed development will have a saleable area of approximately 1.90 million square feet (msft).
Strategic Significance
This JDA strengthens the company's residential development pipeline in Bengaluru and reinforces its focus on high-potential micro-markets and strategic land additions. The development aligns with the company's focus on expanding its portfolio while maintaining capital efficiency and ensuring timely project execution.
Management Commentary
Ashish Puravankara, Managing Director, stated: "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, with an estimated GDV of Rs 2,500 crore, is another step in this direction. We continue to evaluate opportunities across key markets with a disciplined approach to capital allocation."
Mallanna Sasalu, CEO-South, added: "The 12.76-acre land parcel at Sathanur offers us an opportunity to develop a sizeable residential project with approximately 1.90 million square feet of saleable area. Bengaluru continues to see healthy end-user demand. Our priority will be to translate this opportunity into a well-planned development."
FY27 Business Development Highlights
With the Sathanur development, Puravankara's business development additions for FY27 now comprise eight projects with:
- Combined development potential: 12.64 msft
- Total potential GDV: ₹16,600 crore
- Geographic distribution:
- Bengaluru: Six land additions (Sathanur, Mandur, Doddagubbi, Sanna Ammanikere, Sarjapur, South-East Bengaluru) representing 7.02 msft and ₹8,800 crore GDV
- Mumbai: One redevelopment project in Goregaon West with 1.05 msft and ₹2,600 crore GDV
- Delhi-NCR: One land parcel in Greater Noida with 4.57 msft and ₹5,200 crore GDV
Company Background
As of June 30, 2026, Puravankara has:
- Completed 97 projects totaling approximately 59 msft across nine cities
- Total land bank: Approximately 40 msft
- Ongoing projects: 35.14 msft
- Pan-India presence with headquarters in Bengaluru
- Grade A commercial real estate presence of approximately 3 msft
- Interior design arm: Purva Streaks