Hosur Road, a major arterial road in Bangalore, has been attracting significant attention from real estate developers and investors in recent years. The area has seen a surge of activity, with several major projects announced and launched in 2023 and 2024.
One of the most notable developments is Puravankara Limited's acquisition of a 7-acre land parcel in the Hebbagodi suburb along Hosur Road to develop a premium residential project worth over ₹900 crore. The high-end housing project will have a saleable area of around 7.5 lakh square feet and a potential Gross Development Value (GDV) of more than ₹900 crore. Ashish Puravankara, Managing Director of Puravankara Limited, stated that Hebbagodi is a fast-growing locality within a 5 km radius of the IT hub of Electronic City, making it an attractive location for the new development.
This acquisition adds a total potential GDV of ₹1,550 crore to Puravankara's Bangalore portfolio in the current financial year (2023-24). The company also recently announced the acquisition of a 12.75-acre land parcel near Mumbai, with a potential GDV of ₹5,500 crore.
Hosur Road, where the Puravankara project is located, has seen several other notable real estate developments and infrastructure improvements:
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