Puravankara Limited has signed a joint development agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru, with a potential Gross Development Value (GDV) of Rs 1,000 crore. The project, featuring a saleable area of approximately 0.8 million square feet (msft), will be developed as a residential community to meet rising demand in this emerging corridor. This acquisition strengthens Puravankara's development pipeline in Bengaluru, bringing the company's total potential GDV from acquisitions and JDAs in Q1FY27 to Rs 5,200 crore.
Strategic Location and Connectivity
The site is located in Kaggalipura Village, Sarjapura Hobli, and benefits from excellent connectivity via Sarjapur Road and the Outer Ring Road. It also has good access to the Electronic City technology corridor and other major employment hubs. The Sarjapur corridor has become a preferred destination for IT professionals and homebuyers seeking quality housing, driven by limited availability of organised residential projects from reputed developers.
Management Commentary
Ashish Puravankara, Managing Director of Puravankara Limited, said, "Bengaluru continues to be one of our most important growth markets, and this joint development reinforces our commitment to deepening our presence across high-potential urban corridors. As we pursue our FY27 growth agenda, our focus remains on securing quality land parcels in markets backed by infrastructure, employment density, and sustained homebuyer demand, while creating long-term value for our stakeholders."
Mallanna Sasalu, CEO of Puravankara Limited, added, "The mix of outright acquisitions and joint development agreements across key Bengaluru micro-markets reflects our calibrated growth strategy, combining scale creation with capital efficiency. The pace, scale, and quality of these additions indicate that the company is moving in the right direction and steadily strengthening its development pipeline in Bengaluru. Notably, in Q1FY27 alone, Puravankara announced four land transactions in quick succession, underlining the company's strong business development momentum and the ability to consistently add high-potential projects to its portfolio. Together, these deals span approximately 41.93 acres, with a cumulative development potential of around 4.23 msft and a total estimated GDV of Rs 5,200 crore."
Market Opportunity and Growth Strategy
Sarjapur represents a micro-market where strong end-user demand, improving connectivity, and limited branded supply create a compelling opportunity for value creation. Through such partnerships, Puravankara optimises capital deployment, expands across multiple high-growth corridors, and strengthens the overall quality and depth of its project pipeline.
