Puravankara Limited expands Bengaluru footprint with 14.57-acre Mandur land acquisition.

Puravankara Limited has secured a 14.57-acre land parcel in Mandur, Budigere in Bengaluru, with a potential gross development value (GDV) of around ₹2,300 crore, as part of its continued expansion in the city’s fast-growing residential markets.

The transaction includes 7.92 acres acquired through a joint development agreement (JDA) and 6.65 acres purchased outright by Puravankara. The overall project is expected to have a total saleable area of approximately 1.8 million square feet.

Managing Director Ashish Puravankara said the acquisition aligns with the company’s strategy of systematically adding high-quality projects across key micro-markets and reflects its disciplined approach to growth. He added that with this deal, the company’s total Bengaluru landbank developable area now stands at 25.61 million square feet.

Commenting on the location, South India CEO Mallanna Sasalu said the Budigere-Mandur corridor has emerged as a key residential micro-market with strong long-term potential, supported by infrastructure growth, proximity to employment hubs, and robust end-user demand. He noted that the site offers strong connectivity to Whitefield, KR Puram, ITPL, the Outer Ring Road, and Kempegowda International Airport, making it attractive for technology professionals and corporate employees.

The company also highlighted that the eastern corridor benefits from established social infrastructure, including schools, healthcare facilities, gated communities, and lifestyle developments, offering a mix of urban convenience and residential tranquillity.

During FY26, Puravankara Limited further strengthened its Bengaluru pipeline through multiple outright acquisitions and JDAs across Hennur Road, Anekal Taluk, Balagere (East Bengaluru) and KIADB Hardware Park, with a cumulative estimated GDV of about ₹10,400 crore.