Bengaluru-based Puravankara Limited announced on Monday that it has entered into a joint development agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru, with an estimated Gross Development Value (GDV) of Rs 1,000 crore, the company said in a press release.

The project, which has a saleable area of approximately 0.8 msft, will be developed as a residential community in the Sarjapur micro-market and adds to the company’s growth pipeline for the current financial year.

Fourth land deal of the quarter takes Q1FY27 tally to Rs 5,200 crore

The Sarjapur parcel is the latest in a string of land transactions by the company this quarter. 

Mallanna Sasalu, CEO, Puravankara Limited, said, “Notably, in Q1FY27 alone, Puravankara announced four land transactions in quick succession, underlining the company’s strong business development momentum and the ability to consistently add high-potential projects to its portfolio.” 

He added, “Together, these deals span approximately 41.93 acres, with a cumulative development potential of around 4.23 msft and a total estimated GDV of Rs 5,200 crore.”

Site located near Electronic City corridor, says company

The land parcel is situated in Kaggalipura Village, Sarjapura Hobli, with access to Sarjapur Road and the Outer Ring Road, and proximity to the Electronic City technology corridor. 

The company described the area as a destination favoured by IT professionals and homebuyers due to limited supply of organised residential projects from established developers in the corridor.

Ashish Puravankara, Managing Director, Puravankara Limited, commented on the development, saying, “Bengaluru continues to be one of our most important growth markets, and this joint development reinforces our commitment to deepening our presence across high-potential urban corridors.” 

He added, “As we pursue our FY27 growth agenda, our focus remains on securing quality land parcels in markets backed by infrastructure, employment density, and sustained homebuyer demand, while creating long-term value for our stakeholders.”

Puravankara’s wholly-owned subsidiary Starworth Infrastructure and Construction Limited handles technology-enabled construction, while its interior design arm Purva Streaks offers integrated design solutions. 

As of March 31, 2026, the company had completed 95 projects totalling approximately 57 msft across nine cities including Bengaluru, Chennai, Hyderabad and Mumbai, with a total land bank of approximately 40 msft and ongoing projects of 36.69 msft.