Puravankara enters Sarjapur with ₹1,000-crore JDA housing project

Project Overview

Puravankara Limited has partnered with a landowner via a joint development agreement (JDA) to develop a residential project on a 6.4-acre land parcel in Sarjapur, Bengaluru, with a saleable area of 0.8 million sq ft and an estimated revenue potential of ₹1,000 crore. The project will be developed as a residential community catering to the growing demand in this emerging corridor. The company did not name the landowner and did not disclose the terms of the JDA.

Configurations and Product Type

The project offers 2, 3 & 4 BHK premium apartments designed for modern families across the 6.4-acre gated community. Configuration details and unit-wise pricing have not yet been disclosed, with possession expected by 2030 as per the official timeline, and RERA approval currently in process.

Location and Connectivity

Strategically located in Kaggalipura Village, Sarjapura Hobli, the site is well-positioned for growth, with excellent connectivity via Sarjapur Road and the Outer Ring Road, and enjoys good connectivity to the Electronic City technology corridor and other key employment hubs. Sarjapur Road hosts RGA Tech Park and Wipro SEZ, and enjoys strategic proximity to key IT parks along Outer Ring Road — including Ecoworld, Ecospace, Embassy TechVillage — as well as easy access to technology corridors in Whitefield and HSR Layout, with resulting job opportunities near Sarjapur Road underpinning its appeal for professionals seeking a balanced work-life environment.

Market Context and Demand

Major tech parks including Prestige Tech Park, RMZ Ecospace and others employ over 2.5 lakh professionals in close proximity to this corridor; new campuses and tech SEZs continue to be announced, and the pipeline of office supply in the Sarjapur-Whitefield corridor (over 12 million sq ft under development as of early 2026) signals that residential demand will keep accelerating for at least the next 5–7 years. The corridor has emerged as a preferred destination for IT professionals and homebuyers seeking quality housing, supported by the limited availability of organised residential projects from reputed developers.

East Bangalore accounts for 57% of all new residential launches in the city, and rental values on Sarjapur Road have risen 76% between 2021 and 2024.

Infrastructure and Future Outlook

The upcoming metro connectivity along the ORR, as part of Namma Metro's phase 2, will soon connect Sarjapur Road to the metro network and further enhance accessibility and significantly elevate the value of homes in the area. High-impact initiatives including Peripheral Ring Road, Satellite Town Ring Road, and Sarjapur-Attibele Road expansion are expected to streamline traffic and improve connectivity with key areas of Bangalore, with flyover constructions, signal-free corridors, and better civic amenities as part of the government's push to develop this region.

Developer Profile and Strategy

This latest addition further strengthens Puravankara's development pipeline in the city, bringing the company's total potential GDV from acquisitions and JDAs in Q1FY27 to Rs 5,200 crore. The asset-light JDA model enables efficient capital deployment while expanding presence across high-growth markets. Puravankara has established a track record in Bangalore residential development across multiple corridors and price segments.