JDA signed for 12.76-acre land parcel in Sathanur, Bengaluru; potential GDV of Rs 2,500 crore

Puravankara signs a Joint Development Agreement for a 12.76-acre land parcel at Sathanur, North Bengaluru, with an estimated GDV of Rs 2,500 crore and saleable area of approximately 1.90 msft.

Mon 12 Oct 2026

Land Parcel Size

12.76-acre land parcel at Sathanur, North Bengaluru

Estimated GDV

Rs 2,500 crore

Saleable Area

approximately 1.90 msft

The development agreement

Puravankara has signed a Joint Development Agreement (JDA) for a 12.76-acre land parcel at Sathanur, North Bengaluru. The proposed development carries an estimated Gross Development Value (GDV) of Rs 2,500 crore, with a saleable area of approximately 1.90 million square feet (msft).

Under a JDA, the landowner brings in the land and the developer plans, builds and sells, with the proceeds shared as agreed between them. The update says the addition strengthens the company's residential development pipeline in Bengaluru and its focus on high-potential micro-markets and strategic land additions.

What the management said

Managing Director Ashish Puravankara said the focus remains on strengthening the development pipeline through strategic land additions offering scale and market potential, and that the Sathanur JDA is another step in this direction, with a disciplined approach to capital allocation.

CEO-South Mallanna Sasalu said the 12.76-acre parcel offers an opportunity to develop a sizeable residential project with approximately 1.90 million square feet of saleable area, and that the priority will be timely approvals and efficient execution.

FY27 business development so far

• Eight projects with combined development potential of around 12.64 msft across Bengaluru, Mumbai and Delhi-NCR, and total potential GDV of ₹16,600 crore.
• Bengaluru: six land additions, including Sathanur, Mandur, Doddagubbi, Sanna Ammanikere, Sarjapur and South-East Bengaluru, representing around 7.02 msft of development potential and combined estimated GDV of Rs 8,800 crore.
• Mumbai: a redevelopment project in Goregaon West with an estimated GDV of Rs 2,600 crore and approximately 1.05 msft of saleable area.
• Delhi-NCR: a land parcel in Greater Noida with development potential of 4.57 msft and estimated GDV potential of Rs 5,200 crore.

Company background

As of June 30, 2026, Puravankara has completed 97 projects totalling approximately 59 msft across nine cities. The total land bank is approximately 40 msft, and ongoing projects total 35.14 msft.

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