Realty firm Puravankara Ltd has secured a 14.57-acre land parcel in Bengaluru to develop a housing project with significant revenue potential. According to a regulatory filing, the company acquired the land located in Mandur, Budigere, in Bengaluru. The acquisition comprises 7.92 acres under a joint development agreement (JDA) and 6.65 acres purchased directly by Puravankara.
The total saleable area for the entire project will be approximately 1.8 million sq ft, with a potential gross development value (GDV) of around ₹2,300 crore. As reported by The Economic Times, Puravankara did not disclose the land cost and revenue or profit-sharing terms with the landowner in the JDA. The project represents a significant addition to the company's development pipeline in the strategic Bengaluru micro-market.
Ashish Puravankara, Managing Director of Puravankara Ltd, stated that this deal is part of the company's ongoing efforts to systematically add high-quality projects to their launch pipeline across strategic micro-markets. According to the filing, this reflects the company's disciplined approach to growth, long-term organizational view, and confidence in the fundamentals of these markets. The acquisition aligns with the company's systematic expansion strategy across key Indian cities.
With this latest acquisition, Puravankara's total land bank in terms of developable area in Bengaluru stands at 25.61 million sq ft. The company has completed 95 projects so far, totalling 57 million sq ft across nine cities including Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune and Goa. During FY26, Puravankara strengthened its development pipeline in Bengaluru through outright acquisitions and JDAs at Hennur Road, Anekal Taluk, Balagere East Bengaluru and KIADB Hardware Park with a cumulative estimated GDV of approximately ₹10,400 crore.
The land parcel is strategically located in the rapidly evolving eastern corridor of Bengaluru near the thriving Whitefield-Kadugodi micro-market. Situated off the Old Madras Road, the location offers convenient access to Whitefield, KR Puram, ITPL, the Outer Ring Road, and key commercial hubs, providing connectivity to Kempegowda International Airport. As noted by Mallanna Sasalu, CEO - South, Puravankara Limited, the Budigere-Mandur corridor has emerged as an important residential micro-market with significant long-term potential, benefiting from established commercial ecosystems and strong end-user demand from technology professionals and corporate employees.
