Puravankara Limited closed FY26 on the back of one of its most active land-buying years in Bengaluru, stitching together a string of outright purchases and joint development agreements (JDAs) across the city's East and North micro-markets. During the fiscal, the company strengthened its development pipeline through a series of strategic acquisitions and joint development agreements across Bengaluru and Mumbai, with a cumulative estimated gross development value of approximately ₹15,200 crore, adding roughly 13.6 million sq ft of developable area to its books.
In East Bengaluru, the developer signed a joint development project on Hennur Road with an estimated GDV of over ₹1,300 crore and a saleable area of approximately 0.84 million sq ft, followed by a joint development for a 5.5-acre parcel in Balegere with a combined potential GDV of over ₹1,000 crore. It also acquired a 53.5-acre parcel in Attibele Hobli, Anekal Taluka, with a GDV potential of roughly ₹4,800 crore, offering 6.4 million sq ft of developable area and marking one of the largest single land buys in the company's recent history. Company management has flagged this stretch, including the more affordable pricing, enhanced infrastructure, and proximity to job centers, as a prime residential growth route on Bengaluru's southern and southeastern fringe.
The East Bengaluru push continued past fiscal-year close with a 14.57-acre parcel in Mandur, Budigere, carrying a potential GDV of around ₹2,300 crore, split between 7.92 acres under a joint development agreement and 6.65 acres bought outright, with a total saleable area of approximately 1.8 million square feet. Management highlighted the Budigere-Mandur corridor as a rapidly evolving residential micro-market, bolstered by the established commercial ecosystem of North-East Bengaluru, citing its proximity to Whitefield, KR Puram, ITPL and the Outer Ring Road as key draws for technology and corporate employees. With this deal, the company's total Bengaluru landbank developable area climbed to 25.61 million square feet.
North Bengaluru saw an equally aggressive build-out. The company partnered with KVN Property Holdings LLP for a 24.59-acre parcel in the KIADB Hardware Park, with a developable area of 3.48 million sq ft and a potential GDV of over ₹3,300 crore — the land that eventually hosts the Purva Northern Lights township. This was followed by a Joint Development Agreement for an 11.23-acre parcel in Doddagubbi with an estimated gross development value of Rs 1,100 crore, offering strategic access to Hennur, Hebbal, Yelahanka, Manyata Tech Park and Kempegowda International Airport. Days later, the developer acquired a 9.73-acre parcel at Sanna Ammanikere in the Devanahalli growth corridor, with an estimated GDV of ₹800 crore and a development potential of 0.89 million sq ft, benefiting from the northward expansion of Bengaluru's technology, aerospace, logistics and commercial ecosystems supported by the Airport Metro, Satellite Town Ring Road, Aerospace Park and Airport City.
Managing Director Ashish Puravankara has repeatedly framed these deals as part of a deliberate, low-risk strategy rather than opportunistic land banking. He has said that FY26 was a landmark year for the company, with its highest-ever annual sales of ₹7,407 crore, a 55% growth year-on-year, and a strengthened development pipeline across key micro-markets in Bengaluru and Mumbai. The full-year sales figure exceeded the company's own guidance of ₹6,000 crore by 23%, while collections rose 15% to ₹4,258 crore. South India CEO Mallanna Sasalu has consistently pointed to North Bengaluru's employment-led growth, improving infrastructure and genuine end-user demand as the rationale behind the string of deals, adding that each acquisition consolidates the company's position in Bengaluru, its largest and most strategic market.
For homebuyers, the land-banking spree translates into a fuller launch calendar over the next two to three years. FY26 already saw the launch of Purva Silversky in Hebbagodi and Purva Northern Lights at KIADB Aerospace Park, Bagalur, with several more projects expected to emerge from the Mandur-Budigere, Doddagubbi and Sanna Ammanikere land parcels as approvals come through. Puravankara has guided towards unveiling around 30 new projects over the next 24 months across South India and Mumbai, comprising nearly 51.14 million sq ft of developable area with an estimated GDV exceeding ₹55,000 crore, positioning Bengaluru's East and North corridors as key contributors to that pipeline.
Taken together, these transactions signal that Bengaluru's outer growth corridors, whitefield-adjacent East Bengaluru and airport-facing North Bengaluru, remain the primary battleground for large listed developers chasing scale. For prospective buyers, tracking these land parcels early gives a read on where new supply, pricing benchmarks and infrastructure-linked appreciation are likely to concentrate over the coming launch cycles.
