Puravankara Group has announced a new joint venture to develop a significant 24.59-acre land parcel in North Bengaluru. The planned development, with an estimated Gross Development Value (GDV) exceeding ₹3,300 crore, will offer approximately 3.48 million square feet of saleable area. Strategically positioned near Kempegowda International Airport and key emerging infrastructure and employment zones, the project is expected to launch within the next six months.
This initiative aligns with Puravankara’s ongoing expansion in one of Bengaluru’s fastest-growing real estate corridors. The location is known for its connectivity and rising demand, making it an attractive investment for residential and commercial development.
In the meantime, Puravankara has appointed Mr. Mallanna Sasalu as CEO–South, effective May 9, 2025, pending necessary approvals. Mr. Sasalu brings over three decades of experience across engineering, architecture, and real estate in India and Canada. He has previously led operations at Provident Housing Ltd., where he played a key role in scaling the business.
Simultaneously, Mr. Abhishek Kapoor, who served as Executive Director and Group CEO, has resigned, with his tenure concluding at the close of business hours on May 9, 2025. His departure marks a leadership transition at a time when the group is gearing up for large-scale development projects.
