Puravankara has secured a 14.57-acre land parcel located in Mandur, Budigere in Bengaluru with a potential gross development value of around ₹2,300 crore. According to reports from Business Standard, the land parcel comprises 7.92 acres under a joint development agreement (JDA) and 6.65 acres purchased by Puravankara. The total saleable area for the entire project will be approximately 1.8 million square feet. The acquisition strengthens the company's Bengaluru pipeline and expands its landbank, supported by rising housing demand and infrastructure growth in the eastern corridor.
The land parcel is strategically located in the eastern corridor of Bengaluru near the Whitefield-Kadugodi micro-market, which is supported by infrastructure expansion and IT-led demand. As reported by Business Standard, the location offers access to Whitefield, KR Puram, ITPL, the Outer Ring Road, and commercial hubs, as well as connectivity to Kempegowda International Airport. The area includes schools, healthcare facilities, gated communities, and lifestyle infrastructure, combining urban access with a residential environment. The Mandur-Budigere corridor has emerged as a fast-growing residential market due to infrastructure expansion and strong demand from technology and corporate professionals working in nearby commercial hubs.
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. According to Business Standard, this latest acquisition brings the company's total landbank developable area in Bengaluru to 25.61 million square feet. The company added that the project aligns with its focus on adding projects through capital-efficient structures such as joint development agreements.
Puravankara's scrip rose 0.91% to currently trade at ₹227.85 on the BSE following the announcement. As reported by Business Standard, Ashish Puravankara, managing director of Puravankara, stated that this deal is part of ongoing efforts to systematically add high-quality projects to their launch pipeline across strategic micro-markets. As of March 31, 2026, Puravankara had completed 95 projects covering nearly 57 million square feet across nine cities, while ongoing projects stood at 36.69 million square feet. The company's total landbank currently stands at around 40 million square feet.
