Puravankara Signs JDA for Bengaluru Land Parcel; Potential GDV ₹1,000 Cr
Puravankara Limited signed a JDA for a 6.4-acre land parcel in Sarjapur, Bengaluru. The project has an estimated GDV of ₹1,000 crore and a saleable area of 0.8 msft. This acquisition strengthens Puravankara's development pipeline, bringing its Q1FY27 total potential GDV to ₹5,200 crore.
The JDA for a land parcel with a potential GDV of ₹1,000 crore is a significant development that will contribute to the company's future revenue and growth, impacting its market position.
The company has entered into a joint development agreement for a significant land parcel, which is expected to generate substantial revenue and strengthens its development pipeline in a key growth market.
Puravankara Limited has entered into a joint development agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru. The project is estimated to have a Gross Development Value (GDV) of ₹1,000 crore and a saleable area of approximately 0.8 million sq. ft. This development will be a residential community, further strengthening Puravankara's pipeline in Bengaluru. The company's total potential GDV from acquisitions and JDAs in Q1FY27 has reached ₹5,200 crore.
Ashish Puravankara, Managing Director, stated that Bengaluru is a key growth market and this JDA reinforces the company's commitment to high-potential urban corridors. The focus remains on acquiring quality land parcels in markets with strong infrastructure, employment density, and sustained homebuyer demand.
The strategically located site in Kaggalipura Village, Sarjapura Hobli, offers excellent connectivity to Sarjapur Road, the Outer Ring Road, and Electronic City. This corridor is a preferred destination for IT professionals due to the limited availability of organized residential projects from reputed developers.
Mallanna Sasalu, CEO, added that the mix of outright acquisitions and JDAs reflects a calibrated growth strategy for scale creation and capital efficiency. In Q1FY27 alone, Puravankara announced four land transactions spanning approximately 41.93 acres, with a cumulative development potential of about 4.23 million sq. ft. and a total estimated GDV of ₹5,200 crore.
Puravankara Limited, headquartered in Bengaluru, has completed 95 projects totaling approximately 57 million sq. ft. across nine cities as of March 31, 2026. The company's total land bank is around 40 million sq. ft.
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Puravankara Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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