Bengaluru Gets a ₹1,100 Crore Housing Project as Puravankara Takes 7.83 Acres
Bengaluru, Karnataka, August 25, 2026: Real estate developer Puravankara has entered into a joint development agreement (JDA) for a 7.83-acre land parcel in southeast Bengaluru, paving the way for a new residential project with an estimated gross development value (GDV) of ₹1,100 crore.
The project is expected to have around 0.89 million sq ft of saleable area, adding another large housing development to Bengaluru's established residential market.
7.83 Acres to Be Developed as Residential Project
Under the joint development agreement, Puravankara will develop the 7.83-acre parcel as a residential project.
The planned development has:
- Land area: 7.83 acres
- Estimated GDV: ₹1,100 crore
- Saleable area: Around 0.89 million sq ft
- Location: Southeast Bengaluru
The company said the parcel is located in an established residential corridor, giving it access to an existing housing market.
Puravankara Adds Five Bengaluru Land Parcels
The latest agreement is part of Puravankara's wider expansion in Bengaluru.
The company said it has added five land parcels in Bengaluru during FY27, taking its cumulative business development for the financial year to approximately:
- 49.76 acres of land
- ₹6,300 crore potential GDV
- 5.12 million sq ft saleable area
This indicates that the developer is continuing to build its residential project pipeline in Bengaluru.
More Projects Added Across Bengaluru
Puravankara has entered into several other land transactions this year.
In June 2026, the company signed a JDA for a 6.4-acre parcel in Sarjapur, with an estimated GDV of ₹1,000 crore and around 0.80 million sq ft of saleable area.
It also acquired 9.73 acres in Sanna Ammanikere, with an estimated GDV of ₹800 crore.
Another JDA for 11.23 acres in Doddagubbi has a potential GDV of ₹1,100 crore and approximately 0.74 million sq ft of saleable area.
In May 2026, Puravankara secured 14.57 acres in Mandur, with a potential GDV of ₹2,300 crore and around 1.8 million sq ft of saleable area.
What This Means for Bengaluru Homebuyers
The expansion adds to the pipeline of new residential projects across Bengaluru's established and developing corridors.
For homebuyers, new large-scale developments can mean more housing options, but buyers should wait for project-specific details such as the exact location, RERA registration, configuration, pricing, amenities and possession timeline before making a purchase decision.
Grihik Property Takeaway
Puravankara's latest 7.83-acre JDA shows continued developer interest in southeast Bengaluru's established residential corridors.
For buyers tracking upcoming projects, the important factors will be the project's exact micro-market, connectivity, RERA registration, launch pricing and construction timeline once the development is formally announced.