Real estate developer Puravankara Limited has entered into a joint development agreement for a 4-acre land parcel on Hennur Road in Bengaluru, with an estimated gross development value (GDV) of over ₹1,300 crore. The project is expected to deliver around 0.84 million square feet of saleable residential space, according to company disclosures.
The development forms part of the company’s strategy to expand its presence in key residential micro-markets of Bengaluru through capital-efficient partnerships rather than direct land acquisitions.
Project Highlights and Development Potential
The upcoming project will be located along the Hennur Road corridor in North Bengaluru, a residential zone that has gained attention from developers and homebuyers due to improving infrastructure and proximity to employment hubs.
Key details of the proposed project include:
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Land Parcel Size: 4 acres
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Estimated GDV: ₹1,300+ crore
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Saleable Area: Approximately 0.84 million sq ft
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Project Type: Residential development
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Expected Launch Timeline: Within the next 6–12 months
The project is expected to cater to growing housing demand from professionals working in nearby technology parks and commercial districts.
Also Visit : Purva Hennur
Development Snapshot
| Parameter | Details |
|---|---|
| Developer | Puravankara Limited |
| Location | Hennur Road, North Bengaluru |
| Land Parcel | 4 acres |
| Estimated GDV | ₹1,300 crore+ |
| Saleable Area | ~0.84 million sq ft |
| Project Type | Residential development |
| Expected Launch | 6–12 months |
Hennur Road Emerging as a Residential Growth Corridor
Hennur Road has gradually emerged as a preferred residential location due to its connectivity to several key areas in Bengaluru.
Factors supporting demand in the corridor include:
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Connectivity to Kempegowda International Airport
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Access to technology parks and employment hubs
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Development of social infrastructure including schools, hospitals, and retail centers
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Increasing presence of gated communities and high-rise housing projects
These factors have contributed to rising developer interest and residential absorption in North Bengaluru.
Real Estate Impact on the Bengaluru Housing Market
Large residential projects announced by established developers often reflect broader housing demand trends in the city. Industry observers note that joint development agreements (JDAs) have become a common strategy among developers to expand project pipelines while managing land acquisition costs.
Potential impacts of such developments include:
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Expansion of housing supply in North Bengaluru
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Increased developer activity in emerging residential corridors
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Strengthening of Bengaluru’s mid-to-premium housing segment
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Growth in supporting infrastructure and commercial activity
Bengaluru continues to remain one of India’s major residential markets, supported by steady employment growth and ongoing infrastructure expansion.
Also Read: Hyderabad Developers Introduce Incentives to Attract Homebuyers
