Today: Jul 10, 2025

Puravankara Jointly Develops ₹1,000 Crore Project in East Bengaluru, ET RealEstate

1 min read
13 hours ago


<p>Representative image created by AI</p>
Representative image created by AI

NEW DELHI: Puravankara Group has announced the joint development of a 5.5-acre land parcel in Balagere, East Bengaluru, with a combined estimated gross development value (GDV) of over ₹1,000 crore.

The land parcel offers a total combined saleable area of 0.83 million sq ft. The project is expected to be launched in the next six to nine months.

Mallanna Sasalu, CEO-South, Puravankara said, “We expect to bring the project to market in the next 6-9 months and are confident it will be a strong addition to our expanding portfolio.”

Earlier this year, the company had acquired a 3.63-acre land parcel in Kanakapura Road, with an estimated GDV of over ₹700 crore. It also announced a joint venture with KVN Property Holdings LLP to develop a 24.59-acre land parcel 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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