Puravankara Group, one of India’s leading real estate developers, has announced a joint development agreement (JDA) for a 5.5-acre land parcel in Balagere, East Bengaluru, with an estimated gross development value (GDV) exceeding Rs 1,000 crore.

The project aligns with the company’s strategy to deepen its presence in Bengaluru’s high-growth micro-markets, characterised by strong infrastructure, connectivity, and consistent residential demand. The site will offer 0.83 million sq. ft. of saleable area, and the project is expected to be launched within six to nine months. Located near major IT hubs and established urban infrastructure, Balagere has emerged as a hotspot for premium housing demand.

This follows recent announcements including a 3.63-acre acquisition on Kanakapura Road and a JV in North Bengaluru with a GDV of Rs 3,300 crore. Ashish Puravankara, Managing Director, stated, “This joint development underscores our sustained growth strategy and reaffirms our confidence in East Bengaluru. The location is ideal for an ultra-luxury offering tailored to aspirational buyers.”