Puravankara Limited has secured a 14.57-acre land parcel located in Mandur, Budigere in Bengaluru with a potential gross development value of around Rs. 2,300 crore. Out of this, 7.92 acres is part of a joint development agreement (JDA), while 6.65 acres has been purchased by Puravankara, and the total saleable area for the entire project will be approximately 1.8 msft. The deal, announced in May 2026, is one of the more sizeable land moves the developer has made on Bengaluru's eastern edge in recent years, and it places Puravankara directly on Budigere Road inside the Mandur micro-market rather than merely on its periphery.
Explaining the rationale, Ashish Puravankara, Managing Director of Puravankara Limited, said the deal is part of the company's ongoing efforts to systematically add high-quality projects to its launch pipeline across strategic micro-markets. The company frames this as a disciplined approach to growth, with a long-term view for the organisation and confidence in the fundamentals of these markets, and with this acquisition its total landbank of developable area in Bengaluru stands at 25.61 msft.
Mallanna Sasalu, CEO - South at Puravankara Limited, described the Budigere-Mandur corridor as an important residential micro-market with significant long-term potential, benefiting from the established commercial ecosystem in North-East Bengaluru along with social infrastructure and strong end-user demand, and noted that the site offers convenient access to major employment hubs, including several Grade-A office parks in Whitefield, making it a preferred residential destination for technology professionals and corporate employees. This is a deliberate positioning statement from the developer, not incidental commentary — it signals that Puravankara views Mandur as a demand-led extension of the Whitefield employment catchment rather than a speculative land bet.
Mandur sits along Budigere Road in Bangalore's northeastern growth corridor, close to Budigere Cross, Bidrahalli and Hoskote, and within reach of Bommenahalli Lake. The locality has drawn interest from IT professionals working in nearby Whitefield and the ITPL tech park, roughly 13 km away, while the Outer Ring Road and Old Madras Road (NH-75) connect the area to the rest of Bangalore's employment hubs, including Manyata Tech Park and Electronic City. Rail access is emerging alongside the road network: residents have access to the Hoodi Halt Railway Station on the Chennai Central-Bangalore City Line, 13 km away, and the forthcoming Parijaata Line of the Suburban Rail Corridor will also be reachable via Hoodi Halt at a similar distance. On ground-level perception, residents of Mandur have rated the locality 4 out of 5 for connectivity and 3.9 out of 5 for safety in independent locality surveys — figures that matter to a developer weighing whether a micro-market can sustain premium product.
Puravankara Limited was founded in 1975 by Ravi Puravankara and is headquartered in Bengaluru; over five decades the group has completed more than 85 projects and delivered upwards of 45 million sq ft of residential space across Bengaluru, Chennai, Kochi, Mumbai, Pune and other cities, operating under three brands — Puravankara for premium residences, Provident Housing for the mid-income segment, and Purva Land for plotted developments. The company is listed on the NSE (PURVA) and BSE (532891). This scale is the backdrop against which the Mandur parcel should be read: it is not a lone outpost but one addition to a Bengaluru-wide landbank that, post-acquisition, stands at 25.61 msft of developable area, spanning corridors as varied as Hosahalli near the airport, Rampura off Hennur Road, and now Budigere-Mandur in the east.
Puravankara is not new to the eastern quadrant of the city. The developer's Purva Bougainvilla villa project sits in Whitefield itself — the same employment belt that Mandur buyers commute into — underlining that the Mandur acquisition extends an already-familiar geography for the company rather than opening an entirely untested one. For a buyer evaluating Puravankara's Mandur pipeline, this continuity in East Bengaluru — from Whitefield through to Budigere-Mandur — is part of the case for the corridor's staying power.
The company holds ISO 9001 certification for its development process, and its registered projects are delivered under Karnataka RERA's mandated quality and disclosure regime — the standard framework that will apply once the Mandur project reaches formal launch and registration, expected as the parcel moves from land acquisition to an active construction pipeline.
Market activity on Budigere Road already reflects rising interest: resale apartment listings in the corridor have traded around Rs 9,000 per sq ft for larger 2 BHK units, while plotted land nearby has ranged from roughly Rs 4,500 to Rs 8,000 per sq ft depending on the layout and approvals. This existing base of transacted value gives context to why a developer of Puravankara's scale is willing to commit both an outright purchase and a joint-development structure to the same 14.57-acre parcel rather than pursuing a single, smaller transaction.
