Puravankara Group has partnered with a landowner to develop a Rs 1,000-crore housing project in Balagere, East Bengaluru.
The joint development agreement (JDA) is for a 5.5-acre land parcel with an estimated gross development value (GDV) over Rs 1,000 crore.
The project is expected to offer a total combined saleable area of 0.83 million square feet and is set to be launched in the next 6-9 months.
Puravankara has been focusing on strategic growth, with previous acquisitions and joint ventures in different parts of Bengaluru, totaling over 90 completed projects in various cities.