Puravankara secures 14.57 acres in Mandur, Budigere for Bengaluru homes

Puravankara Limited has secured a 14.57-acre land parcel in Mandur, Budigere, on the eastern edge of Bengaluru. The company disclosed the acquisition in a regulatory filing on 25 May 2026, and the land is earmarked for a planned high-rise residential development that will form part of its launch pipeline.

Of the total area, 7.92 acres is being developed under a joint development agreement, while the remaining 6.65 acres has been bought outright by the company. The parcel sits off the Old Madras Road, which is National Highway 75, and is positioned in the eastern corridor near the Whitefield-Kadugodi micro-market.

The details of the planned project

The project is at the upcoming stage, with an indicative plan of four towers of G+25 floors. Current estimates put the saleable area at about 18 lakh sq ft and the total number of homes at around 1,100. The estimated gross development value is about ₹2,300 crore. Launch is targeted for the third quarter of 2026, and possession is expected by December 2030.

The planned homes are expected to come in 1, 2 and 3 BHK configurations, with unit sizes in the range of 630 sq ft to 1,494 sq ft. Indicative prices start at ₹80 lakh and go up to ₹1.90 crore, which works out to roughly ₹12,700 to ₹12,850 per sq ft. Buyers interested in the project can follow its progress on the Puravankara Mandur Budigere page.

• Land area: 14.57 acres (7.92 acres under a joint development agreement and 6.65 acres acquired)
• Towers: four, G+25 (indicative)
• Homes: about 1,100 (indicative)
• Saleable area: about 18 lakh sq ft
• Configurations: 1, 2 and 3 BHK
• Unit sizes: 630 sq ft to 1,494 sq ft
• Indicative price band: ₹80 lakh to ₹1.90 crore
• Estimated gross development value: about ₹2,300 crore

Location and connectivity

Mandur and Budigere sit roughly 13 km from Whitefield, one of Bengaluru's principal office and technology hubs. The site is about 3.5 km from the Old Madras Road and is positioned close to the Outer Ring Road and KR Puram, with Kempegowda International Airport reachable in around 35 minutes by road.

The Purple Line metro's Whitefield branch, which opened on 26 March 2023, ends at the elevated Whitefield (Kadugodi) station, with Kadugodi Tree Park, Pattandur Agrahara and Hopefarm Channasandra among the nearby stations. Infrastructure in the wider area is also moving forward. The Satellite Town Ring Road was completed in March 2024, and the airport section of the Blue Line is targeted for December 2027, with the full line to the airport now expected by March 2028. The Krishnarajapura interchange is under construction as part of the Blue Line works.

Daily needs in the area are served by facilities such as Geetha Hospital in Avalahalli on the Old Madras Road, Manipal Whitefield and Vydehi Hospital. A planned extension of Phoenix Marketcity Whitefield and an expansion of the Orion mall are also expected to add retail options nearby.

About the developer

Puravankara was founded in 1975 by Ravi Puravankara and is headquartered in Bengaluru. The company is listed on the BSE and NSE. As of 31 March 2026, it had completed 95 projects totalling 57 million sq ft across nine cities, including Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune and Goa.

Its Bengaluru record includes Purva Whitehall on Sarjapur Road, a 3 and 4 BHK project with 192 units across 2.7 acres that has sold out. Puravankara also recently entered a joint development agreement for a 6.4-acre parcel in Sarjapur. Its wholly-owned subsidiary, Provident Housing, has delivered close to 12 million sq ft of space to about 30,000 homeowners since its launch in 2008. The company's total developable landbank in Bengaluru stands at 25.61 million sq ft.

Market context in Budigere

The Budigere Cross micro-market averaged ₹12,650 per sq ft as of July 2026, a rise of 13.25% year on year. Under-construction projects in the area averaged ₹12,250 per sq ft in June 2026, while new launches averaged ₹11,150 per sq ft. Across Bengaluru, PropTiger reported an average residential price of ₹9,785 per sq ft in the first quarter of 2026.

What comes next

The next milestones for the project are the formal launch, targeted for the third quarter of 2026, followed by the release of unit-level pricing, configurations and the project's amenities and specifications. Construction timelines and the possession schedule will become clearer as the project moves from land acquisition into development. The acquisition marks another step in Puravankara's expansion across the eastern micro-markets of Bengaluru, where it is adding high-quality projects to its pipeline, according to the company's chief executive, Ashish Puravankara.