Puravankara is ready to make a bold mark in East Bengaluru with its newest luxury project in Balagere. The real estate giant will develop a 5.5-acre land parcel with a total saleable area of 0.83 million square feet. The project’s gross development value (GDV) is set to cross ₹1,000 crore.
This move fits right into Puravankara’s plan to grow in Bengaluru’s top micro-markets. These are areas with strong roads, good public services, and rising housing demand. Balagere checks all the boxes.
Why Balagere?
Balagere sits close to major IT parks. It’s not just another area—it’s a goldmine. With IT hubs nearby and solid roads, schools, hospitals, and malls around, people want to live here. That means high rental demand and steady sales.
Puravankara’s CEO South, Mallanna Sasalu, said it best: “Balagere has shown strong growth. The location and demand make it perfect for a big project like this.”
The project will be developed under a Joint Development Agreement (JDA). That means less financial pressure and faster execution.
Launch Timeline
The project will likely launch within the next 6 to 9 months. Once it’s live, expect fast sales. The market here moves quickly.
Managing Director Ashish Puravankara said, “This project fits our long-term strategy. We’re offering a luxury lifestyle for buyers who want quality and class. East Bengaluru is where we see the future.”
He also shared that the design will reflect success and modern living. It won’t be just about homes—it’ll be about lifestyle.
A Brand That Delivers
Puravankara is not new to the game. The Bengaluru-based company runs three top residential brands—Purva, Provident Housing (PHL), and Purva Land. Each one serves a different market, from budget buyers to premium clients.
This project adds to their fast-growing portfolio in India’s tech capital. With experience, scale, and trust, Puravankara is all set to raise the bar in East Bengaluru.
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