Puravankara has invested in a 6.4 acre housing project in Bengaluru for Rs. 1,000 crore revenue target.

Realty firm Purvankara has partnered with a landowner to develop a 6.4-acre housing project in Bengaluru with an estimated revenue potential of Rs 1,000 crore.

In a regulatory filing on Monday, the company said it has entered into a joint development agreement (JDA) for a 6.4-acre parcel of land in Sarjapur, Bengaluru.

The company will develop a housing project on this land parcel with a salable area of ​​0.8 million square feet and an estimated revenue potential of Rs 1,000 crore, it added.

Bengaluru-based Puravankara Limited did not name the owner of the land and did not disclose the terms of the JDA.

Under JDA, real estate developers share revenue or profit with land owners. Sometimes, they offer housing units complete with landlords.

For some time now, real estate players have been acquiring land through the JDA route and it involves less capital expenditure as compared to outright purchase of land parcels.

As of March 31, 2026, Purvankara has completed 95 projects totaling 57 million square feet across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune and Goa.

The company’s ongoing projects add up to 36.69 million square feet.