Land Acquisition
Puravankara Signs JDA for 7.83-Acre Residential Project in South-East Bengaluru Electronic City Corridor
Puravankara Limited has entered into a joint development agreement (JDA) for a 7.83-acre land parcel in South-East Bengaluru, with an estimated Gross Development Value (GDV) of Rs 1,100 crore, announced 25 August 2026. The project has a saleable area of approximately 0.89 msft and will be developed as a residential community, adding to Puravankara's presence in this established South Bengaluru corridor.
| Status | Land acquisition via JDA signed (August 2026); residential project in early pipeline — configuration, pricing and possession timeline not yet disclosed |
|---|---|
| Site Area | 7.83 acres |
| Saleable Area | 0.89 million sq ft (estimated) |
| Estimated GDV | ₹1,100 crore |
| Location | South-East Bengaluru, near Electronic City employment corridor; access via Hosa Road and Hosur Road (NH-44) |
| Developer | Puravankara Limited (NSE: PURVA; BSE: 532891) |
| RERA Registration | Not yet registered (project in acquisition and planning phase) |
| FY27 Pipeline Context | Fifth land transaction in Bengaluru for FY27; cumulative FY27 business development in city now stands at 49.76 acres, ₹6,300 crore GDV potential |
Project Announcement and Strategic Rationale
On 25 August 2026, Puravankara Limited announced entry into a joint development agreement for a 7.83-acre land parcel in South-East Bengaluru, with an estimated Gross Development Value of Rs 1,100 crore. This marks Puravankara's fifth land transaction in Bengaluru for FY27, underscoring the calibrated approach and the pace at which the company continues to build its development pipeline in the city.
According to Mallanna Sasalu, CEO-South at Puravankara, the land parcel provides close to a million square feet of saleable area in a corridor that has proven its value, with Electronic City showing strong housing demand due to employment opportunities, robust social infrastructure, and good road and metro connectivity.
Location and Connectivity
The land parcel benefits from its proximity to the Electronic City employment corridor and access to Hosa Road and Hosur Road. Connectivity through the operational Namma Metro Yellow Line supports the area's residential appeal; for professionals working in Electronic City and nearby business hubs, living closer to their workplace can reduce daily travel time.
Electronic City Corridor: Demand and Infrastructure Context
Electronic City has evolved from a dedicated business park into an integrated township divided into Phase I, Phase II, and Phase III, hosting a mix of multinational offices, educational institutions, and residential enclaves; today, E-City is home to over 200 IT and technology companies. Over 150,000 professionals work in and around E-City, creating sustained housing demand.
South Bengaluru corridors including Electronic City have seen compounded price growth of 20–30 percent between 2019 and 2024; Electronic City Phase 2 has moved from an early-stage zone to a mature, end-user plus investor market with prices in many gated communities stabilizing in the mid-segment bracket.
The micro-market benefits from connectivity via Namma Metro's operational Yellow Line and has emerged as an established residential catchment for professionals working in Electronic City and nearby employment hubs; improving infrastructure and sustained demand for quality housing continue to strengthen the corridor's long-term residential potential.
Product Details and Timeline
Configuration, price band, and possession timeline have not been disclosed at the land acquisition stage. Puravankara will announce detailed project specifications, regulatory approvals (RERA registration), and consumer-facing details following site planning and design finalization. Investors and end-users should await official project launch materials for unit configurations, pricing, and delivery schedule.
Puravankara's FY27 Bengaluru Pipeline
This transaction is Puravankara's fifth land acquisition in Bengaluru for FY27; with this addition, the developer's cumulative FY27 business development in the city reaches around 49.76 acres, approximately Rs 6,300 crore in potential GDV, and about 5.12 msft of saleable area. Earlier additions included land in Sarjapur, Sanna Ammanikere, Doddagubbi and Mandur, giving the company exposure to multiple Bengaluru growth corridors.
Development phases
Frequently asked questions
What is the current status of this Puravankara South-East Bengaluru project?
The project is in the land acquisition phase. Puravankara signed a Joint Development Agreement (JDA) on 25 August 2026 for the 7.83-acre parcel. It is not yet launched for consumer sales and has not been registered with RERA. Detailed specifications, pricing and possession dates will be announced at formal project launch.
When will the project be launched and when can I expect possession?
A formal launch date and possession timeline have not been announced. These will be revealed once the project receives RERA registration and regulatory approvals. Interested parties should monitor official Puravankara channels and the project website for launch updates.
Why is Puravankara focusing on South-East Bengaluru and Electronic City?
Puravankara's Managing Director stated that Bengaluru remains the company's anchor growth market, and South-East Bengaluru's employment-led corridors continue to provide conviction to deploy capital. The Electronic City corridor hosts over 200 IT and technology companies and approximately 150,000 professionals, generating consistent residential demand.
What connectivity and infrastructure does this location offer?
The site is located near the Electronic City employment corridor with access to Hosa Road and Hosur Road (NH-44). The operational Namma Metro Yellow Line provides public transport connectivity, reducing commute times for professionals working at nearby IT parks and tech companies.
What is the total saleable area and estimated GDV?
The project has a saleable area of approximately 0.89 msft and will be developed as a residential community. The estimated Gross Development Value is ₹1,100 crore. Final unit mix and pricing will depend on regulatory approvals and design finalization.
Is this Puravankara's first Bengaluru project in FY27?
No. This is Puravankara's fifth land transaction in Bengaluru for FY27. The developer has also acquired land parcels in Sarjapur, Sanna Ammanikere, Doddagubbi, and Mandur during the same financial year, building a diversified development pipeline across multiple corridors.
Sources
- Dedicated project site
- RealtyPromoo project page
- Project page (developer portal)
- Puravankara Enters JDA for 7.83-Acre Land Parcel in South-East Bengaluru with Rs 1,247 Crore GDV Potential
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