Overview

• Puravankara signed a joint development agreement for a 5.5-acre Balagere site valued at over Rs 1,000 crore.
• The project will feature around 0.83 million square feet of premium residential space targeting ultra-luxury buyers.
• The firm expects to launch sales within six to nine months, leveraging the JDA structure to optimize capital and limit risk.
• Executives highlight Balagere’s proximity to IT corridors and strong social infrastructure as key to demand.
• This deal follows earlier 2025 moves in Bengaluru, including a Rs 700 crore Kanakapura Road acquisition and a Rs 3,300 crore joint venture in North Bengaluru.