Realty firm Puravankara Ltd has entered into an agreement with a landowner to develop a large housing project in Bengaluru. The project, spread across 11 acres, is expected to generate revenue of Rs 1,100 crore. This development signifies a significant expansion for the company in the Bengaluru real estate market. Puravankara has a substantial land bank and ongoing projects across multiple cities.
Synopsis
Realty firm Puravankara Ltd has entered into an agreement with a landowner to develop a large housing project in Bengaluru. The project, spread across 11 acres, is expected to generate revenue of Rs 1,100 crore. This development signifies a significant expansion for the company in the Bengaluru real estate market. Puravankara has a substantial land bank and ongoing projects across multiple cities.
New Delhi: Realty firm Puravankara Ltd has entered into an agreement with landowner to develop a 11-acre housing project in Bengaluru with a revenue potential of Rs 1,100 crore.
In a regulatory filing on Monday, the company informed that it has signed a Joint Development Agreement (JDA) for an 11.23-acre land parcel in Doddagubbi, North Bengaluru, Bengaluru-based Puravankara did not mention the name of the landowner.
The company will develop a housing project on this land parcel with a total estimated revenue potential of around Rs 1,100 crore.
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Puravankara Ltd did not disclose the investment to build this upcoming project, which will have a developable area of 0.74 million sq ft.
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Last month, Puravankara Ltd reported a net profit of Rs 56.75 crore for the 2025-26 fiscal as against a net loss of Rs 182.92 crore in the preceding year.
Total income increased to Rs 3,846.42 crore last fiscal from Rs 2,093.13 crore in the preceding year.
As of March 31, 2026, Puravankara has completed 95 projects totalling 57 million sq ft across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.
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The company's total land bank is 40 million sq ft and ongoing projects add up to 36.69 million sq ft.
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