Project Launch
Puravankara Announces Balagere JDA: 5.5-Acre Ultra-Luxury Residential Project in East Bangalore
Puravankara Limited has announced a joint development agreement for a 5.5-acre residential parcel in Balagere, East Bangalore, targeting the ultra-luxury segment with a gross development value exceeding ₹1,000 crore. The project, announced in July 2025, is expected to launch in early 2026 with possession planned for 2030.
| Developer | Puravankara Limited (NSE: PURVA | BSE: 532891) |
|---|---|
| Location | Balagere, East Bangalore; PIN 560087 |
| Land Area | 5.5 acres (joint development) |
| Estimated GDV | ₹1,000+ crore |
| Saleable Area | 0.83 million sq ft |
| Product Type | Ultra-luxury apartments; 2, 3, 4 BHK configurations |
| Expected Launch | Early 2026 |
| Possession Timeline | 2030 onwards |
| RERA Status | Registration in progress (as of September 2026) |
Project Overview
Puravankara announced the joint development of a 5.5-acre land parcel in East Bengaluru, with a combined estimated gross development value (GDV) of over Rs 1,000 crores. The land parcel offers a total combined saleable area of 0.83 million square feet. The project is tailored for an ultra-luxury offering for individuals seeking a refined lifestyle.
Product & Configuration
The Puravankara Balagere project comprises multiple towers of varying heights, offering apartment configurations ranging from two-bedroom premium homes to sprawling three- and four-bedroom residences. Each floor plan is meticulously planned to maximize airflow, natural light, and privacy, while providing residents the flexibility to adapt spaces to their unique lifestyle needs. Specific unit sizes and price details have not yet been disclosed in official channels.
Location & Connectivity
Located in Balagere, East Bengaluru, the site enjoys strong and steady market demand due to its proximity to major IT hubs and well-established social and physical infrastructure. The project is strategically located near major IT hubs such as Marathahalli, Whitefield, and Bellandur. Its proximity to key IT corridors, along with well-established social and physical infrastructure like the Outer Ring Road and NH 44, ensures strong connectivity and high residential demand, making it ideal for professionals seeking a premium lifestyle.
Launch & Possession
The project is expected to be launched in the next six to nine months from the July 2025 announcement. Possession for Puravankara Codename Futura is expected to begin from 2030 onwards, depending on the progress of construction and regulatory clearances. The RERA registration for Puravankara Codename Futura is currently under process.
Balagere Micro-Market Context
Balagere is an emerging residential locality in the eastern part of Bangalore, falling under the Bengaluru East Zone with the PIN code 560087. Balagere has evolved into a sought-after destination for IT professionals and families, thanks to its proximity to Whitefield, a major IT hub. The area is witnessing steady real estate development, with around 5 residential projects offering modern amenities and contemporary living spaces. The Bangalore Metropolitan Region Development Authority (BMRDA) has initiated various infrastructure projects aimed at improving connectivity and enhancing the overall infrastructure in the Balagere area.
Developer Track Record
Puravankara Limited is a Bangalore-based real estate developer with a presence across South and West India. The company operates through distinct brands like Purva, Provident, and Purva Land, catering to luxury, mid-income, and plotted development segments respectively. The JDA format helps conserve capital and accelerates sales momentum by reducing upfront risks.
Frequently asked questions
What is the project structure for Puravankara Balagere?
Puravankara Balagere is being developed under a joint development agreement (JDA) model, meaning Puravankara shares development responsibilities and risks with the land-owning partner. This capital-efficient approach allows the developer to reduce upfront investment while accelerating delivery and sales.
How far is Balagere from major IT employment hubs?
Balagere is approximately 6 km from Whitefield, one of Bangalore's largest IT parks. The area also has proximity to Marathahalli, Bellandur, and the International Tech Park Bangalore (ITPL), with easy access via Outer Ring Road and NH 44.
When can buyers expect RERA registration?
As of September 2026, the project's RERA registration is in progress with the Karnataka RERA Authority. Buyers should expect the RERA number to be published once approvals are finalized. Until then, unit specifics and official pricing remain preliminary.
What payment and possession timeline should buyers expect?
The official launch is expected in early 2026, with possession scheduled to begin from 2030 onwards. The exact payment schedule will be released once RERA registration is completed and the official project brochure is published.
Is Balagere a growing residential market?
Yes. Balagere has emerged as a high-potential residential micro-market driven by proximity to IT hubs, established infrastructure, and steady demand from both homebuyers and investors. The area is witnessing active development with multiple residential projects underway.
What product types will be available?
The project will offer 2 BHK, 3 BHK, and 4 BHK ultra-luxury apartments across multiple towers. Detailed floor plans, unit sizes, and specifications are expected to be released closer to the official launch.