Leading real estate developer Puravankara Limited has announced a joint development project on Hennur Road, further strengthening its presence in one of Bengaluru’s fastest-growing residential corridors.
The company revealed that the 4-acre land parcel project will have an estimated gross development value (GDV) exceeding ₹1,300 crore and a total saleable area of approximately 0.84 million square feet. The residential development is expected to be launched within the next 6–12 months.
Strengthening Presence in a Key Bengaluru Growth Corridor
Commenting on the development, Ashish Puravankara, Managing Director of Puravankara Limited, highlighted Bengaluru’s continued resilience in India’s residential real estate market.
He noted that the city remains one of the fastest-growing housing markets in the country, supported by strong employment growth, infrastructure investments, and sustained housing demand.
According to him, North Bengaluru has emerged as a major growth corridor due to its proximity to Kempegowda International Airport, expanding technology parks, and improved road connectivity.
Hennur Road, in particular, has seen rising demand among homebuyers because of its easy access to employment hubs and well-developed social infrastructure.
Ashish Puravankara added that the joint development aligns with the company’s asset-light growth strategy, allowing it to expand through partnerships in high-potential micro-markets while delivering thoughtfully designed residential spaces.
Focus on Capital-Efficient Expansion
Mallanna Sasalu, CEO – South at Puravankara Limited, emphasised that the project reflects the company’s strategy of expanding across high-demand residential corridors in Bengaluru through capital-efficient partnerships.
He noted that the strong demand in the Hennur Road micro-market is expected to generate significant buyer interest once the project launches.
The company plans to bring the project to market within the next 6 to 12 months, further strengthening its residential portfolio in Bengaluru.
Expanding Development Pipeline in Bengaluru
The Hennur Road development is part of Puravankara’s expanding project pipeline in Bengaluru.
The company has recently undertaken several strategic land acquisitions across the city, including:
Anekal Taluka – Project with an estimated ₹4,800 crore GDV
KIADB Hardware Park – Development with ₹3,300 crore GDV
Balagere – Residential project with ₹1,000 crore GDV
Together, these projects represent millions of square feet of development potential, reflecting the developer’s continued commitment to expanding its footprint in India’s technology capital.
Bengaluru Remains a Strong Real Estate Market
With robust employment growth driven by the IT and technology sector, improving infrastructure, and increasing demand for modern housing, Bengaluru continues to attract significant residential development activity.
Projects in emerging corridors such as Hennur Road and North Bengaluru are increasingly appealing to both end-users and investors, thanks to their connectivity advantages and proximity to major business hubs.
The new joint development is expected to further contribute to the city’s growing residential supply pipeline in the coming years.
