Key Transaction Details
Puravankara Limited signed a Joint Development Agreement for an 11.23-acre land parcel located in Doddagubbi, North Bengaluru. The project has an estimated gross development value (GDV) of Rs 1,100 crore and will feature a developable area of approximately 0.74 million square feet for residential apartments.
Strategic Context and Management Commentary
Ashish Puravankara, Managing Director, stated that FY26 was a landmark year with highest-ever annual sales of ₹7,407 crore, representing 55% year-on-year growth. This joint development aligns with the company's strategy of expanding in high-demand urban corridors through a calibrated and capital-efficient approach. The company is working towards its FY27 sales guidance of Rs. 11,200 crore.
Mallanna Sasalu, CEO - South, emphasized that Bengaluru remains the company's largest and most important market. In FY26, the company launched Purva Silversky and Purva Northern Lights in Bengaluru, along with new phases across existing developments. The company's Bengaluru pipeline now represents over Rs. 13,800 crore of GDV following recent additions.
Location Advantages
The Doddagubbi location in North Bengaluru enjoys strategic access to Hennur, Hebbal, Yelahanka, Manyata Tech Park and Kempegowda International Airport. The micromarket is supported by robust social and civic infrastructure, reputed educational institutions, leading healthcare facilities and strong connectivity via NH-44.
Company Background
As of March 31, 2026, Puravankara has completed 95 projects totaling approximately 57 million square feet across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company's total land bank is approximately 40 million square feet, with ongoing projects totaling 36.69 million square feet.
The company also has a wholly-owned subsidiary, Starworth Infrastructure and Construction Limited (SICL), which focuses on technology-enabled construction solutions. The group has developed approximately 3 million square feet of Grade A commercial real estate and operates an interior design arm called Purva Streaks.