Ashish Puravankara, Managing Director of Puravankara Ltd

Realty developer Puravankara has signed a joint development agreement (JDA) for an 11.23-acre land parcel in Doddagubbi, North Bengaluru, with an estimated gross development value (GDV) of ₹1,100 crore.

The proposed residential apartment project will have a developable area of around 0.74 million square feet.

Located in one of North Bengaluru’s emerging residential corridors, Doddagubbi offers connectivity to key hubs such as Hennur, Hebbal, Yelahanka, Manyata Tech Park and the Kempegowda International Airport. The area has witnessed growing residential demand, supported by infrastructure development and employment-driven growth.

Commenting on the development, Ashish Puravankara, Managing Director of Puravankara Ltd, said the project aligns with the company’s strategy of expanding its presence in high-demand urban markets through a capital-efficient development model.

“FY26 was a landmark year for us, with annual sales reaching a record ₹7,407 crore, up 55 per cent year-on-year. We also strengthened our development pipeline across key micro-markets in Bengaluru and Mumbai. This joint development in North Bengaluru is part of our strategy to expand in high-growth urban corridors while maintaining a calibrated and capital-efficient approach,” he said.

He added that the company remains focused on markets backed by strong infrastructure, employment opportunities and long-term demand visibility as it works towards its FY27 sales guidance of ₹11,200 crore.

latest addition

With the latest addition, Puravankara’s Bengaluru development pipeline now represents a GDV of more than ₹13,800 crore.

Separately, the company reported a consolidated net profit of ₹109.95 crore for the quarter ended March 2026, compared with a net loss of ₹88 crore in the corresponding period a year earlier. Total income more than doubled to ₹1,540.99 crore from ₹563.70 crore during the same period.

Published on June 1, 2026