This latest move is a clear indicator of Puravankara’s aggressive growth strategy, particularly in key urban corridors. The proposed residential community, with an estimated saleable area of 0.8 million square feet, is strategically located in Kaggalipura Village, Sarjapura Hobli. Its excellent connectivity to Sarjapur Road, the Outer Ring Road, and the Electronic City technology hub positions it perfectly to cater to the burgeoning demand from IT professionals and homebuyers seeking quality housing.
According to Ashish Puravankara, Managing Director, “Bengaluru continues to be one of our most important growth markets, and this joint development reinforces our commitment to deepening our presence across high-potential urban corridors.” This isn’t an isolated event; the company’s Q1 FY27 performance highlights a remarkable momentum.
Key Highlights of Puravankara’s Q1 FY27 Land Acquisitions & JDAs:
- Total Potential GDV: Rs 5,200 crore
- Number of Transactions: Four land deals
- Cumulative Area: Approximately 41.93 acres
- Total Development Potential: Around 4.23 million square feet
Mallanna Sasalu, CEO, emphasized the company’s “calibrated growth strategy, combining scale creation with capital efficiency.” Sarjapur, with its strong end-user demand, improving infrastructure, and limited supply of branded projects, presents a compelling opportunity for value creation. By optimising capital deployment through such partnerships, Puravankara continues to strengthen its project pipeline and create long-term value for its stakeholders, solidifying its position as a leading player in India’s realty sector.