Real estate developer Puravankara Limited has entered into a joint development agreement (JDA) for a four-acre land parcel on Hennur Road in Bengaluru, with plans to develop a residential project estimated to generate a gross development value (GDV) of around ₹1,300 crore.
According to company filings, the project will cater primarily to the mid-premium housing segment, reflecting sustained demand for residential developments in North Bengaluru.
Residential project planned in North Bengaluru
The land parcel is located along Hennur Road, a rapidly growing residential corridor that has attracted increasing interest from developers in recent years.
North Bengaluru has witnessed strong real estate momentum due to improved connectivity, infrastructure upgrades and expanding employment hubs. The upcoming project will add to Puravankara’s growing portfolio in Bengaluru, which remains one of the company’s key markets.
The joint development model allows developers to collaborate with landowners without purchasing the land outright, enabling faster project launches while reducing upfront acquisition costs.
Hennur Road emerging as a real estate hotspot
Hennur Road has gained prominence as a preferred residential micro-market due to its proximity to major employment hubs such as Manyata Tech Park, one of Bengaluru’s largest IT parks.
The corridor also offers connectivity to key arterial roads and access to Kempegowda International Airport, further boosting its appeal among homebuyers and investors.
Neighbouring residential areas such as Hebbal, Kalyan Nagar and Thanisandra offer established social infrastructure including schools, hospitals and retail centres, making the region attractive for new housing projects.
Joint development agreements gaining popularity
The latest agreement reflects a broader trend in Bengaluru’s property market where developers are increasingly adopting joint development agreements to expand their project pipeline.
Such partnerships allow developers to secure prime locations in high-demand urban markets while managing capital more efficiently.
More information about joint development agreements can be found here:
North Bengaluru driving residential growth
Several micro-markets in North Bengaluru are witnessing significant residential activity due to strong demand from technology professionals and investors.
Areas such as Hennur Road, Thanisandra, Hebbal, Yelahanka, Devanahalli and Bagalur are emerging as key growth corridors supported by infrastructure upgrades and airport connectivity.
With Bengaluru continuing to attract technology companies and professionals from across the country, these corridors are expected to remain important centres for new residential development in the coming years
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