Puravankara Enters JDA for 4-Acre Land in Hennur Road, Bengaluru

Puravankara Limited, a leading real estate developer, has entered into a joint development agreement (JDA) for a 4-acre land parcel in Hennur Road, North Bengaluru. The project is expected to generate a gross development value (GDV) of around ₹1,300 crore, catering primarily to the mid-premium housing segment. This strategic move aligns with the company's focus on expanding its portfolio in one of its core markets.

The land parcel is situated in a rapidly growing residential corridor that has attracted significant developer interest in recent years. Hennur Road, a key micro-market in North Bengaluru, offers access to several major employment centers, including Manyata Tech Park, one of the city's largest IT hubs. The area's connectivity to major arterial roads and proximity to Kempegowda International Airport have further boosted its appeal to homebuyers and developers alike.

The joint development model allows developers to partner with landowners to develop residential projects without the need for outright land acquisition. This strategy is increasingly popular among major developers as it helps expand their project pipeline in high-demand urban markets while reducing upfront costs. For Puravankara, this partnership adds to its growing portfolio in Bengaluru, a city that continues to attract technology companies and professionals from across the country.

North Bengaluru, particularly the Hennur Road area, has seen strong momentum due to improved connectivity, employment growth, and infrastructure upgrades. The presence of key employment centers, such as Manyata Tech Park and the Outer Ring Road IT corridor, has driven housing demand in this region. Additionally, the area's competitive property prices and proximity to established residential areas like Hebbal, Kalyan Nagar, and Thanisandra further enhance its appeal.

Hennur Road has rapidly emerged as a sought-after residential micro-market in North Bengaluru. Its strategic connectivity and proximity to major employment hubs, combined with relatively competitive property prices, have made it an attractive location for both homebuyers and developers. The area's access to key infrastructure, including schools, healthcare facilities, and retail hubs, further solidifies its position as a desirable residential destination.

The latest agreement by Puravankara reflects a broader trend in Bengaluru's real estate market, where developers are increasingly relying on joint development agreements to expand their land banks. These partnerships help reduce upfront land acquisition costs and enable faster project launches in strategic locations. Bengaluru remains one of India's most active residential property markets, supported by steady demand from IT professionals, startup founders, and investors seeking long-term capital appreciation.

Several micro-markets in North Bengaluru are witnessing strong residential activity, driven by infrastructure projects, employment hubs, and airport connectivity. Key residential growth corridors include:

● Hennur Road – An emerging housing corridor with strong demand due to its proximity to Manyata Tech Park and the Outer Ring Road IT belt. ● Thanisandra – Popular among homebuyers due to improving infrastructure and connectivity to employment hubs. ● Hebbal – An established residential node with excellent connectivity to the airport corridor. ● Yelahanka – A growing residential suburb with planned layouts and expanding infrastructure. ● Devanahalli – An emerging investment hotspot driven by airport-led development and proximity to Kempegowda International Airport. ● Bagalur – Gaining traction due to upcoming tech parks and industrial developments.

Together, these corridors are shaping North Bengaluru's next phase of residential expansion, attracting both developers and homebuyers seeking long-term growth potential. The outlook for the market remains positive, with infrastructure upgrades, employment hubs, and connectivity improvements continuing to reshape the city's growth patterns.

The latest land partnership by Puravankara highlights the continued momentum in Bengaluru's residential real estate market. As the city continues to attract technology companies and professionals, emerging corridors such as Hennur Road are expected to remain key destinations for new housing developments. For developers, such projects reflect a broader strategy of securing development opportunities in high-growth micro-markets while leveraging joint development models to scale operations efficiently.