Puravankara Limited, a prominent real estate developer in India, has acquired a 14.57-acre land parcel in Mandur, Bengaluru, with a potential gross development value (GDV) of approximately ₹2,300 crore. This acquisition includes 7.92 acres under a joint development agreement (JDA) and 6.65 acres purchased outright by Puravankara. The project is expected to have a total saleable area of about 1.8 million square feet.
Ashish Puravankara, Managing Director of Puravankara Limited, highlighted that this acquisition is part of the company’s strategic efforts to enhance its project pipeline in key micro-markets. He noted that this move reflects Puravankara’s disciplined growth approach and confidence in the market fundamentals. With this acquisition, the company’s total developable area in Bengaluru now stands at 25.61 million square feet.
Mallanna Sasalu, CEO – South of Puravankara Limited, commented on the significance of the Budigere-Mandur corridor as an emerging residential micro-market with considerable long-term potential. The area benefits from the established commercial ecosystem in North-East Bengaluru, supported by robust social infrastructure and strong end-user demand. The location offers convenient access to major employment hubs, including Grade-A office parks in Whitefield, making it a preferred residential destination for technology professionals and corporate employees.
The land is situated in the rapidly developing eastern corridor of Bengaluru, near the Whitefield–Kadugodi micro-market. The area is experiencing strong infrastructure expansion and sustained IT-led demand. The location provides easy access to Whitefield, KR Puram, ITPL, the Outer Ring Road, and key commercial hubs, as well as connectivity to Kempegowda International Airport. It is surrounded by reputed schools, healthcare facilities, premium gated communities, and evolving lifestyle infrastructure, offering a blend of urban convenience and residential tranquillity.
In FY26, Puravankara has bolstered its development pipeline in Bengaluru through outright acquisitions and JDAs in locations such as Hennur Road, Anekal Taluk, Balagere East Bengaluru, and KIADB Hardware Park, with a cumulative estimated GDV of approximately ₹10,400 crore.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).