Puravankara Enters Joint Development Agreement for 6.4-acre Land Parcel in Sarjapur, Bengaluru

Puravankara Limited, one of India's most trusted and admired real estate developers, has entered into a joint development agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru. The project has a saleable area of approximately 0.8 million square feet and will be developed as a residential community catering to the growing demand in this emerging corridor. This latest addition further strengthens Puravankara's development pipeline in the city, bringing the company's total potential GDV from acquisitions and JDAs in Q1FY27 to Rs 5,200 crore. Commenting on the development, Ashish Puravankara, Managing Director, 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.' The site is strategically located in Kaggalipura Village, Sarjapura Hobli, and enjoys excellent connectivity via Sarjapur Road and the Outer Ring Road. It also has good connectivity to the Electronic City technology corridor and other key employment hubs. Mallanna Sasalu, CEO, 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.' 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 is able to optimise capital deployment, expand across multiple high-growth corridors.