Puravankara Enters Joint Development for ₹1,300 Crore Project on Bengaluru’s Hennur Road

Puravankara Group, one of India’s leading real estate developers, has entered into a joint development agreement for a 4-acre land parcel on Hennur Road in Bengaluru. The project is expected to have an estimated gross development value of more than ₹1,300 crore.

This move is part of the company’s strategy to strengthen its presence in key residential markets in Bengaluru, which continue to witness strong demand from homebuyers.

Project Details and Development Potential

The land parcel offers a total saleable area of approximately 0.84 million square feet. The project is expected to cater to the growing demand for residential developments in the region.

Hennur Road has emerged as an important residential corridor in Bengaluru due to its improving infrastructure and connectivity. The area has also witnessed rising interest from developers and homebuyers alike, making it an attractive location for new housing projects.

Strategic Location Advantage

The project site benefits from its proximity to several major technology parks, which house a large number of professionals working in Bengaluru’s IT sector. In addition, the locality offers well-developed social infrastructure including schools, healthcare facilities, and retail spaces.

These factors are expected to support steady residential demand in the area over the long term.

Commenting on the development, Ashish Puravankara, Managing Director, Puravankara Limited, said, “Bengaluru continues to be one of India’s most resilient and fastest-growing residential markets, supported by strong employment growth, infrastructure investments, and sustained housing demand. Within the city, North Bengaluru has emerged as a key growth corridor, driven by its proximity to Kempegowda International Airport, expanding tech parks, and improving connectivity.” 

He further added, “Hennur Road, in particular, has seen steady traction from homebuyers due to its access to employment hubs and welldeveloped social infrastructure. This joint development aligns with our strategy of expanding through assetlight partnerships in high-potential micro-markets while delivering thoughtfully designed homes that cater to evolving urban lifestyles.”

Conclusion

Puravankara’s joint development on Hennur Road highlights its continued focus on expanding in high-demand micro-markets of Bengaluru. With strong connectivity, infrastructure, and proximity to employment hubs, the project is expected to contribute to the company’s growth in the residential real estate segment.

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