Puravankara has signed an agreement to lease (ATL) with IKEA India for two floors of retail space at its upcoming Purva Zentech Park in Bengaluru.
The mixed-use development, located on Kanakapura Road, spans 9.6 lakh sq. ft. of leasable and saleable area. IKEA will occupy the first and second floors, expected to be handed over in Q1/2026. Strategically located near Konankunte Metro Station and Forum Mall, the development is designed with sustainability in mind and is IGBC Gold certified.
Puravankara's ongoing commercial developments, including Purva Zentech and Purva Aerocity, are expected to create significant value with an estimated surplus of Rs 1,870 crore, reinforcing the company’s strong foothold in Bengaluru's growing commercial real estate market.