Puravankara Signs ₹1,300 Crore Joint Development Deal in Hennur Road, Bengaluru

By Homeesta Editorial

Puravankara Signs ₹1,300 Crore Joint Development Deal in North Bengaluru Bengaluru-based real estate developer Puravankara Limited has entered into a joint development agreement (JDA) for a 4-acre land parcel on Hennur Road in North Bengaluru. The proposed residential development carries an estimated gross development value (GDV) of over ₹1,300 crore and will offer approximately 0.84 million sq ft of saleable area. The project is expected to be launched within the next six to twelve months, subject to approvals. Why Hennur Road Is Gaining Strategic Importance Hennur Road has emerged as one of North Bengaluru’s fastest-growing residential corridors due to its connectivity and infrastructure growth. Key growth drivers include: Proximity to Kempegowda International Airport Access to Manyata Tech Park and other employment hubs Connectivity to Outer Ring Road (ORR) Improved social infrastructure including schools, hospitals, and retail North Bengaluru continues to attract both end-users and investors due to its expanding tech ecosystem and airport-led development. Project Highlights The proposed project will feature: Approximately 0.84 million sq ft of saleable area Mid-to-premium residential offerings Strategic location within a high-demand micro-market Launch expected within 6–12 months The development aligns with Puravankara’s expansion strategy in high-demand urban growth corridors. Part of a Larger Expansion Strategy This acquisition follows other major land transactions by Puravankara in Bengaluru, including large-scale developments in Anekal Taluka and North Bengaluru’s KIADB Hardware Park. The company has outlined plans to launch approximately 12–13 million sq ft of residential projects across major cities including Bengaluru, Mumbai, Kochi, and Coimbatore. In Bengaluru, the ₹1–2 crore segment is currently considered the strongest demand bracket. North Bengaluru: A Key Growth Corridor North Bengaluru has steadily gained traction due to: Airport proximity Expansion of tech parks Improved road and metro connectivity Increasing preference for suburban premium housing Hennur Road, in particular, has seen consistent buyer interest due to its balance of connectivity and liveability. Market Outlook Bengaluru remains one of India’s most resilient housing markets, supported by employment growth and infrastructure investments. While new project launches add supply to the market, sustained demand from IT professionals and urban families continues to support absorption in well-connected corridors like Hennur Road. Final Takeaway Puravankara’s ₹1,300 crore joint development agreement strengthens its presence in North Bengaluru’s high-growth residential belt. With airport connectivity, expanding employment hubs, and sustained buyer demand, Hennur Road remains a strategic micro-market for upcoming residential investments.