Puravankara Launches Rs 1,300 Crore Residential Project on Bengaluru's Hennur Road
Puravankara Limited has announced a new residential project on Hennur Road in Bengaluru. The development forms part of the company's push to expand in North Bengaluru, a fast-growing area near the airport. With an estimated gross development value of over Rs 1,300 crore, the project will cover around 0.84 million square feet of saleable space.
The project follows a joint development partnership and aligns with Puravankara's strategy to target high-potential micro-markets. North Bengaluru has become a key growth corridor due to its proximity to Kempegowda International Airport, expanding tech parks, and improved transport links. These factors have made Hennur Road particularly appealing to homebuyers.
This latest venture adds to Puravankara's recent land acquisitions in the city. Earlier purchases included a 53.5-acre parcel in Anekal Taluka and a 24.59-acre site at KIADB Hardware Park in North Bengaluru. The company aims to bring the new Hennur Road project to market within the next six to twelve months, anticipating strong demand.
The development is expected to reinforce Puravankara's position in Bengaluru's high-growth residential sector. It also supports the firm's long-term expansion plans by focusing on areas with robust infrastructure and sustained buyer interest.
The Hennur Road project will contribute to Puravankara's growing portfolio in Bengaluru. With a GDV exceeding Rs 1,300 crore, it reflects the company's focus on high-demand locations. The launch is set to take place within the coming year, subject to market conditions.
