Puravankara: Bengaluru project GDV potential INR10B

Puravankara Limited has acquired a 7.26-acre plot in Hebbagudi, Bengaluru, with a gross development potential (GDV) of over INR 900 crore. The land, located within 5 km of Electronic City, is expected to be developed into a high-end residential project with a saleable area of approximately 7.5 lakh square feet. This acquisition aligns with the company’s broader strategy to expand its footprint in key real estate markets, following a similar move in the Mumbai Metropolitan Region.

Hebbagudi’s strategic location offers strong connectivity via Hosur Road and NICE Road, with public transport options including BMTC bus services. The upcoming Phase 2 of Namma Metro, which will extend to Electronic City, is expected to further improve accessibility. The area also benefits from well-established social and civic infrastructure, including educational institutions like PES University and healthcare facilities such as Narayana Health City.

Property values in Hebbagudi have appreciated significantly over the past five years, with current rates ranging between INR 4,500 and INR 6,000 per square foot. The rental market remains robust, driven by demand from IT professionals in the region. As Bengaluru continues to attract investment, Hebbagudi is emerging as a prime location for residential development and long-term value appreciation.