Puravankara to Co-Develop 5.5 Acres in East Bengaluru

Representative image created by AI
Representative image created by AI

NEW DELHI: Puravankara Group has announced a joint development on a 5.5-acre land parcel in Balagere, East Bengaluru, with a projected gross development value (GDV) exceeding ₹1,000 crore.

This parcel includes a total saleable area of 0.83 million square feet, with the project expected to launch within six to nine months.

According to Mallanna Sasalu, CEO-South of Puravankara, “We anticipate launching the project in the next 6-9 months, and are confident it will enhance our growing portfolio.”

Earlier in the year, the company acquired a 3.63-acre site on Kanakapura Road, valued at over ₹700 crore. Additionally, they formed 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.

  • Published On Jul 10, 2025 at 09:34 AM IST

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