Puravankara signs pact for 11.23 acre land parcel

Puravankara Ltd. has signed a Joint Development Agreement (JDA) for an 11.23-acre land parcel in Doddagubbi, North Bengaluru, with an estimated gross development value (GDV) of Rs 1,100 crore.

Listen to this article

Located in the rapidly evolving corridor of North Bengaluru, Doddagubbi enjoyed strategic access to Hennur, Hebbal, Yelahanka, Manyata Tech Park and Kempegowda International Airport, the company said.

The micro-market was supported by robust social and civic infrastructure, reputed educational institutions, leading healthcare facilities and strong connectivity via NH-44. The location had emerged as one of the city’s most sought-after residential destinations with significant long-term growth potential, it added.

“FY26 was a landmark year for us, with our highest-ever annual sales of Rs 7,407 crore, a 55 per cent growth year-on-year, and a strengthened development pipeline across key micro-markets in Bengaluru and Mumbai. This joint development in North Bengaluru is aligned with our strategy of expanding in high-demand urban corridors through a calibrated and capital-efficient approach,” Ashish Puravankara, Managing Director, Puravankara, said.

“As we work towards our FY27 sales guidance of Rs. 11,200 crore, our focus remains on deepening our presence in markets with strong infrastructure, employment access and long-term demand visibility,” he said.

“Bengaluru continues to remain our largest and most important market and is central to our launch momentum,” Mallanna Sasalu, CEO – South, Puravankara, said.

Latest

Temasek-backed Sembcorp Green Infra gets SEBI nod for IPO

The proposed IPO comprises a fresh issue of Equity...

Chennai to Host Plumbing Conference, after 9 years

The conference will bring together water, plumbing, sanitation and...

Bodhi Tree Systems to invest $180 mln in A2B

The investment will help scale A2B nationally and across...

Retail inflation crosses 6% in October

“October's inflation print was less a surprise than a...

Newsletter

Don't miss

Temasek-backed Sembcorp Green Infra gets SEBI nod for IPO

The proposed IPO comprises a fresh issue of Equity...

Chennai to Host Plumbing Conference, after 9 years

The conference will bring together water, plumbing, sanitation and...

Bodhi Tree Systems to invest $180 mln in A2B

The investment will help scale A2B nationally and across...

Retail inflation crosses 6% in October

“October's inflation print was less a surprise than a...

Brazil’s WEG to invest Rs 2,000 crore in Dharmapuri

The company had earlier evaluated multiple states and following...

Temasek-backed Sembcorp Green Infra gets SEBI nod for IPO

The proposed IPO comprises a fresh issue of Equity Shares aggregating up to Rs 3,750 crore, with no Offer for Sale (OFS) component. Sembcorp proposes...

Chennai to Host Plumbing Conference, after 9 years

The conference will bring together water, plumbing, sanitation and infrastructure experts, along with key stakeholders from across India’s construction sector. The conference will focus...

Bodhi Tree Systems to invest $180 mln in A2B

The investment will help scale A2B nationally and across the globe. However, how much stake  Bodhi Tree will take was not disclosed. A2B has a...