Puravankara Acquires 14.57-Acre Land in Mandur-Budigere, Bengaluru for ₹2,300 Cr
Puravankara Expands East Bengaluru Footprint with ₹2,300 Crore Mandur Acquisition
On 25 May 2026, Puravankara Limited secured a 14.57-acre land parcel located in Mandur, Budigere in Bengaluru with a potential gross development value of around ₹2,300 crore. Of this, 7.92 acres is part of a joint development agreement (JDA), while 6.65 acres has been purchased by Puravankara.
Project Scale and Structure
The total saleable area for the entire project will be approximately 1.8 million square feet. The acquisition combines outright purchase with capital-efficient joint development partnerships, a structure Puravankara has deployed across multiple Bengaluru sites during the fiscal year.
With this latest acquisition, Puravankara's total developable landbank in Bengaluru stands at 25.61 million square feet. 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.
Strategic Rationale: The Budigere-Mandur Corridor
The Budigere-Mandur corridor has emerged as an important residential micro-market with significant long-term potential. It benefits from the established commercial ecosystem in North-East Bengaluru, supported by social infrastructure and strong end-user demand.
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. The land parcel is located in the eastern corridor of Bengaluru near the Whitefield-Kadugodi micro-market, which is supported by infrastructure expansion and IT-led demand.
Located off Old Madras Road, the area provides convenient access to major employment hubs such as Whitefield, KR Puram, ITPL, and the Outer Ring Road.
Expansion Within a Broader Strategy
As of March 31, 2026, the company had completed 95 projects covering about 5.7 crore sq ft across nine cities and had a total land bank of about 4 crore sq ft. Founded in 1975, Puravankara Limited is one of India's most admired and trusted developers among the top real estate companies in India.
Presently, Puravankara has a strong presence across India, with projects in Bengaluru, Hyderabad, Chennai, Kochi, Coimbatore, Mangaluru, Kolkata, Mumbai, Pune, and Goa.
The company has unveiled ambitious plans to launch approximately 30 new housing projects across South and West India over the next 30 months, aiming to generate an estimated revenue of ₹35,636 crore.