Puravankara JV on Hennur Road, Bengaluru: 4 Acres, ₹1,300 Cr GDV
Puravankara Enters North Bengaluru with 4-Acre Hennur Road Partnership
Puravankara Limited signed a joint development agreement for a 4-acre land parcel on Hennur Road in Bengaluru, with an estimated gross development value (GDV) of over ₹1,300 crore. The project will offer a total saleable area of around 0.84 million square feet.
Strategic Location and Market Drivers
Hennur Road has gained traction among homebuyers because of its access to employment hubs and well-developed social infrastructure. The expansion of Manyata Tech Park and surrounding commercial developments continues to generate housing demand from professionals who want to live close to their workplace. Cognizant Technology Solutions is located in the Manyata Tech Park and operates 24/7 as a global IT service company, while Rolls Royce set up its engineering centre in 2015 in Bangalore to support aerospace and power systems, employing 500+ IT people.
North Bengaluru has emerged as a major growth corridor due to its proximity to Kempegowda International Airport, expanding technology parks, and improved connectivity. SPARSH Hospital is within 1 kilometre of many Hennur Main Road developments, while Aster CMI Hospital and Manipal Hospital Hebbal are within 7 to 8 kilometres.
Connectivity and Infrastructure
The upcoming metro line is expected to have stations within 3 to 4 kilometres of Hennur Main Road developments, which will provide rail transit connectivity to the broader Bangalore metro network once operational. The HBR Layout metro station is stated to become operational around December 2026. Retail destinations including Elements Mall at 3.3 kilometres, Bhartiya Mall at 6.8 kilometres and Phoenix Mall of Asia at 10 kilometres provide shopping and entertainment access without lengthy commutes.
Hennur Road connects to Outer Ring Road along with Bellary Road; the added mobility facilities make commuting to key employment and commercial centers an easy task.
Development Timeline and Execution
According to CEO – South Mallanna Sasalu, the new development reflects Puravankara's strategy of expanding through capital-efficient partnerships in key residential corridors, and the company expects to bring it to market within the next six to twelve months.
The project will further strengthen Puravankara's residential portfolio in Bengaluru, following several recent acquisitions including a 53.5-acre land parcel in Anekal Taluka with a development potential of 6.4 million square feet and an estimated GDV exceeding ₹4,800 crore, and a 24.59-acre parcel at KIADB Hardware Park in North Bengaluru with a development potential of 3.48 million square feet and a GDV of more than ₹3,300 crore.
Puravankara's Bengaluru Presence
Founded in 1975, Puravankara Limited is one of India's most admired and trusted developers, with its headquarters in Bengaluru and an unwavering commitment towards customer delight, responsibility, and trust. As of December 31, 2025, Puravankara has completed 93 plus projects measuring about 56 million square feet across nine cities and has a total land bank of close to 38 million square feet, with ongoing projects adding up to 34 million square feet.
The company announced plans in March 2026 to unveil 30 projects over the next 24 months, primarily across South India and Mumbai, with a planned pipeline comprising nearly 51.14 million square feet of developable area and an estimated Gross Development Value of over ₹55,000 crores.