NEW DELHI: Puravankara Group has entered into the joint development of a four-acre land parcel on Hennur Road in Bengaluru, with an estimated gross development value (GDV) of over ₹1,300 crore.
Ashish Puravankara, managing director of the company said, “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.”
The land parcel offers a total saleable area of approximately 0.84 million sq ft. The company expects to bring it to market within the next 6–12 months.
Earlier this year, the company announced few acquisitions including a 53.5-acre land parcel in Anekal Taluka, with a development potential of 6.4 million sq ft and an estimated GDV of over ₹4,800 crore.
It is also developing a 24.59-acre parcel at KIADB Hardware Park in North Bengaluru, in partnership with KVN Property Holdings LLP, with a development potential of 3.48 million sq ft and a GDV of over ₹3,300 crore.
In addition, it has undertaken a 5.5-acre joint development in Balagere, East Bengaluru, with a developable area of 0.85 million sq ft and a GDV of over ₹1,000 crore.
