Puravankara Group, a leading and trusted real estate developer in India, has announced a joint development agreement (JDA) for a 5.5-acre land parcel in East Bengaluru. The project has an estimated gross development value (GDV) exceeding ?1,000 crore, in line with the company’s strategic focus on strengthening its presence in Bengaluru’s high-potential micro-markets.

Located in Balagere, East Bengaluru, the land offers a total saleable area of 0.83 million sq. ft. The area is witnessing robust residential demand, driven by proximity to major IT corridors and established infrastructure. The project is expected to be launched within the next six to nine months.

Ashish Puravankara, Managing Director of Puravankara Limited, stated, “This joint development supports our long-term growth roadmap and reflects our strong belief in East Bengaluru’s promising real estate landscape. With its scale and strategic location, the project is well-suited for an ultra-luxury residential offering catering to discerning homebuyers.”

Mallanna Sasalu, CEO – South, Puravankara Limited, added, “Balagere continues to attract attention due to its connectivity and evolving ecosystem. This capital-efficient JDA model minimizes market risk, accelerates inventory movement, and positions us for quicker go-to-market timelines. We anticipate launching the project within the next 6–9 months.”

Earlier in the year, Puravankara also acquired a 3.63-acre land parcel on Kanakapura Road, Bengaluru, with an estimated GDV of over ?700 crore, and announced a joint venture with KVN Property Holdings LLP to develop a 24.59-acre site in North Bengaluru with a potential GDV of ?3,300 crore.