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Puravankara Group announces JV for 24.59-acre land parcel in North Bengaluru
Puravankara Group, one of India’s largest real estate developers, has announced a joint venture to develop a 24.59-acre land parcel in North Bengaluru, on the back of Puravankara’s sustained success in the micro-market.
This joint venture with KVN Property Holdings LLP marks another milestone in the group’s expansion in one of the city’s fastest-growing real estate corridors. The project’s estimated Gross Development Value (GDV) is in excess of Rs 3,300 crores.
The land parcel has a total saleable area of approximately 3.48 million sq. ft., and the project is expected to be launched in the next six months.
The project benefits from strong market demand, proximity to Kempegowda International Airport, and access to upcoming infrastructure and employment hubs.
Ashish Puravankara, Managing Director, Puravankara Limited, said, “This joint venture highlights our sustained confidence in the North Bengaluru market, where we have already demonstrated strong traction. The scale, location, and partnership model of this project position it as an ideal platform for integrated development that resonates with the aspirations of urban homebuyers. It aligns with our broader vision of creating high- quality, community-focused housing across emerging corridors.”
Mallanna Sasalu, CEO, Provident Housing Limited, added, “North Bengaluru continues to attract discerning homebuyers, driven by infrastructure upgrades and connectivity to key economic hubs. This project is conceived on the back of the successes of our previous projects, which validates this joint venture development in this micro-market. The project is expected to come to market in 6-9 months, and we are confident this project will be a great addition to our impressive portfolio.”