Bengaluru: According to company filings Real estate developer Puravankara Limited has entered into a joint development agreement (JDA) for a 4-acre land parcel in Bengaluru,  with plans to develop a residential project estimated to generate a gross development value (GDV) of around ₹1,300 crore.

The land parcel is located along Hennur Road, a fast-growing residential corridor in North Bengaluru that has been attracting increased developer interest in recent years. The project is expected to cater primarily to the mid-premium housing segment, reflecting the continued demand for residential developments in the northern part of the city.

The joint development model allows developers to partner with landowners to develop residential projects without acquiring the land outright, a strategy increasingly used by major developers to expand their project pipeline in high-demand urban markets.

Project Planned in a Growing North Bengaluru Corridor

The proposed residential project will add to Puravankara’s expanding portfolio in Bengaluru, which remains one of the company’s core markets. North Bengaluru in particular has seen strong momentum due to improved connectivity, employment growth and infrastructure upgrades.

The Hennur Road micro-market offers access to several key employment centres including Manyata Tech Park, one of the city’s largest IT hubs. Its connectivity to major arterial roads and proximity to Kempegowda International Airport have also contributed to rising residential demand. With Bengaluru continuing to attract technology companies and professionals from across the country, residential corridors in the northern region are witnessing sustained development activity.

Why Hennur Road Is Emerging as a Real Estate Hotspot in Bengaluru

Located in North Bengaluru, Hennur Road has rapidly emerged as a sought-after residential micro-market due to its strategic connectivity and proximity to major employment hubs such as Manyata Tech Park and the Outer Ring Road IT corridor. The area offers relatively competitive property prices compared to more established neighbourhoods while still providing access to key infrastructure, including connectivity to Kempegowda International Airport. Its location near established residential areas like Hebbal, Kalyan Nagar and Thanisandra further enhances its appeal by offering access to schools, healthcare facilities and retail hubs. As infrastructure continues to improve and housing demand from the city’s growing technology workforce remains strong, developers are increasingly launching new residential projects and entering land partnerships along this corridor.

Land Partnerships Gain Momentum in Bengaluru

The latest agreement reflects a broader trend in Bengaluru’s real estate market where developers are increasingly relying on joint development agreements to expand their land banks. These partnerships help reduce upfront land acquisition costs while enabling faster project launches in strategic locations.

Bengaluru continues to be among India’s most active residential property markets, supported by steady demand from IT professionals, startup founders and investors seeking long-term capital appreciation. Developers are particularly focusing on emerging corridors across North and East Bengaluru where infrastructure upgrades and employment growth are driving housing demand.

Key Residential Growth Corridors in North Bengaluru

Several micro-markets in North Bengaluru are witnessing strong residential activity as infrastructure projects, employment hubs and airport connectivity continue to drive demand. Key residential growth corridors include:

● Hennur Road – Emerging housing corridor with strong demand due to proximity to Manyata Tech Park and the Outer Ring Road IT belt.

●Thanisandra – Popular among homebuyers due to improving infrastructure and connectivity to employment hubs.

● Hebbal – Established residential node with excellent connectivity to the airport corridor.

● Yelahanka – A growing residential suburb with planned layouts and expanding infrastructure.

●Devanahalli – Emerging investment hotspot driven by airport-led development and proximity to Kempegowda International Airport.

● Bagalur – Gaining traction due to upcoming tech parks and industrial developments.

Together, these corridors are shaping North Bengaluru’s next phase of residential expansion, attracting both developers and homebuyers seeking long-term growth potential.

Outlook for the Market

The latest land partnership by Puravankara highlights the continued momentum in Bengaluru’s residential real estate market. As infrastructure upgrades, employment hubs and connectivity improvements continue to reshape the city’s growth patterns, emerging corridors such as Hennur Road are expected to remain key destinations for new housing developments.

For developers, such projects also reflect a broader strategy of securing development opportunities in high-growth micro-markets while leveraging joint development models to scale operations efficiently.