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Puravankara Signs Deal for Bengaluru Project with ₹2,500 Crore GDV
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CNBC TV18•12-10-2026, 14:57
Puravankara Signs Deal for Bengaluru Project with ₹2,500 Crore GDV
- •Real estate developer Puravankara signed a joint development agreement for a 12.76-acre land parcel in Sathanur, North Bengaluru, with an estimated gross development value of ₹2,500 crore.
- •The proposed residential project will feature a saleable area of approximately 1.90 million square feet, according to the company's exchange filing.
- •CEO Mallanna Sasalu stated that the company will focus on product quality, timely approvals, and efficient execution to meet evolving homebuyer expectations.
- •This addition brings Puravankara's fiscal year 2027 project additions to eight developments across Bengaluru, Mumbai, and the Delhi-NCR region, totaling an estimated GDV of ₹16,600 crore.
- •Out of the eight new additions, six are located in Bengaluru, representing a combined estimated GDV of ₹8,800 crore.
Key Questions Answered
Puravankara signed a joint development agreement for a 12.76-acre land parcel in Sathanur, North Bengaluru, featuring an estimated gross development value (GDV) of ₹2,500 crore and a saleable area of roughly 1.90 million square feet.
For the financial year 2027, Puravankara's business development additions comprise eight projects across Bengaluru, Mumbai, and Delhi-NCR, possessing a total development potential of around 12.64 million square feet and an estimated GDV of ₹16,600 crore.
Puravankara entered the Delhi-NCR real estate market in September 2026 when its subsidiary, Prudential Housing and Infrastructure Development, secured a 13.44-acre land parcel in Greater Noida with an estimated GDV of ₹5,200 crore.
