Puravankara has announced its entry into a joint development project on Hennur Road in Bengaluru, with an estimated gross development value (GDV) of over ₹1,300 crore. The company has entered into joint development of a 4-acre land parcel that offers a total saleable area of approximately 0.84 million square feet, representing a significant expansion in one of Bengaluru's key growth corridors.

Project Specifications

The development project is strategically positioned on Hennur Road, benefiting from proximity to major tech parks and well-established social and physical infrastructure. The project aligns with Puravankara's strategy of expanding through asset-light partnerships in high-potential micro-markets.

Management Commentary

Ashish Puravankara, Managing Director of Puravankara Limited, highlighted the strategic importance of the location, stating that North Bengaluru has emerged as a key growth corridor driven by proximity to Kempegowda International Airport, expanding tech parks, and improving connectivity. He emphasized that Hennur Road has seen steady traction from homebuyers due to its access to employment hubs and well-developed social infrastructure.

Mallanna Sasalu, CEO - South at Puravankara Limited, noted that the project reflects the company's continued focus on expanding presence across high-demand residential corridors through capital-efficient partnerships. He expressed confidence in strong buyer interest and expects to bring the project to market within the next 6-12 months.

Strategic Portfolio Expansion

This announcement is part of Puravankara's broader expansion strategy in Bengaluru. The company has strengthened its growth pipeline through several strategic acquisitions, including a 53.5-acre land parcel in Anekal Taluka with development potential of 6.4 million sq ft and estimated GDV of over ₹4,800 crore, and a 24.59-acre parcel at KIADB Hardware Park in North Bengaluru with development potential of 3.48 million sq ft and GDV of over ₹3,300 crore.

Market Positioning

The joint development demonstrates Puravankara's commitment to Bengaluru's residential market, which continues to show resilience supported by strong employment growth, infrastructure investments, and sustained housing demand. The Hennur Road location offers robust connectivity and access to employment centers, making it an attractive destination for residential development in the North Bengaluru corridor.

Puravankara Limited has officially announced the launch of Purva Silversky, a premium residential development in Electronic City, Bengaluru, through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement marks another significant addition to the company's portfolio in one of Bengaluru's most established technology corridors.

Project Overview and Specifications

Purva Silversky spans approximately 6.99 acres in Hebbagodi, Electronic City, off Hosur Road. The development comprises 356 exclusive residences distributed across three iconic 32-storey towers, positioned as a low-density project with just four residences per floor to enhance privacy and openness.

Residential Offerings and Pricing

The project features expansive 3, 4 & 5 BHK residences, along with select larger-format homes. Unit sizes range from approximately 1,864 sq ft to over 5,300 sq ft, with each residence designed to maximise natural light, ventilation, and spatial efficiency. The homes feature premium finishes, private decks, and 270-degree open views to deliver enhanced living experiences.

*Excluding statutory and other charges

Amenities and Lifestyle Features

Purva Silversky emphasises holistic wellbeing and community living through comprehensive amenities. The project includes a 17,700 sq ft clubhouse and more than 45 curated lifestyle amenities, spread across a 1.7-acre elevated podium, alongside landscaped open spaces and a serene forest walkway with more than 200 trees.

Strategic Location and Connectivity

The development enjoys excellent connectivity to major IT hubs, corporate parks, educational institutions, healthcare facilities, and retail destinations. Strategically located in one of Bengaluru's most established technology corridors, the project offers proximity to over 15 IT parks within a 10-minute radius and is just 900 metres from Huskur Metro Station, ensuring seamless access to key parts of the city.

Management Commentary

Ashish Puravankara, Managing Director, Puravankara Limited, commented: "Purva Silversky reflects our continued commitment to creating thoughtfully designed homes in locations that offer strong long-term value. Electronic City has evolved into a mature residential destination with robust infrastructure, strong employment drivers, and sustained end-user demand, making it an ideal setting for a premium, low-density development."

Mallanna Sasalu, CEO – South, Puravankara Limited, added: "Purva Silversky, located within Bengaluru's established Electronic City corridor, caters to the evolving needs of today's homebuyers by bringing living spaces closer to the workplace. With several large companies nearby, the project enables shorter commutes, allowing residents to better balance their productivity and personal lives, while also offering strong connectivity to the larger parts of the city. Every element, from master planning and spatial design to amenities and materials, has been curated to balance architecture with nature, privacy with community, and functionality with aesthetics."

The project is expected to cater primarily to end-users seeking spacious, well-designed homes with strong connectivity and a holistic lifestyle offering in one of Bengaluru's key growth corridors.

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