Puravankara Limited has added another significant parcel to its Bengaluru development pipeline. On 25 May 2026, the company announced that it had 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. The deal is structured to balance growth with capital discipline: out of this, 7.92 acres is part of a joint development agreement (JDA), while 6.65 acres has been purchased by Puravankara outright. Once developed, the total saleable area for the entire project will be approximately 1.8 msft, positioning it as a sizeable addition to the developer's East Bengaluru portfolio.
Commenting on the acquisition, Ashish Puravankara, Managing Director, Puravankara Limited, said the deal is part of our ongoing efforts to systematically add high-quality projects to our launch pipeline across strategic micro-markets, reflecting a disciplined approach to growth and a long-term view for the organisation. He added that with this latest acquisition, the company's total landbank – developable area in Bengaluru stands at 25.61 msft. Mallanna Sasalu, CEO - South, 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, supported by social infrastructure and strong end-user demand.
The location itself is a key part of the pitch to future homebuyers. The land parcel is located in the rapidly evolving eastern corridor of Bengaluru near the thriving Whitefield–Kadugodi micro-market, driven by strong infrastructure expansion and sustained IT-led demand. Situated off the Old Madras Road, the location offers convenient access to Whitefield, KR Puram, ITPL, the Outer Ring Road, and key commercial hubs, and provides connectivity to Kempegowda International Airport. The area is surrounded by reputed schools, healthcare facilities, premium gated communities, and evolving lifestyle infrastructure, presenting what the developer calls a compelling blend of urban convenience and residential tranquillity.
The Mandur-Budigere move follows a busy stretch of land acquisitions for Puravankara in Bengaluru. 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 Rs. 10,400 crore. This pattern of steady, capital-efficient land banking across multiple corridors — North, East and South Bengaluru — indicates a deliberate strategy to capture demand across the city's fastest-growing residential belts rather than concentrating in one submarket.
For homebuyers and investors tracking East Bengaluru, the timing is notable. Established zones like Whitefield have matured considerably, with limited new supply and premium pricing, pushing both developers and buyers toward peripheral corridors such as Budigere Cross and Mandur, where land remains available at more reasonable valuations while still offering proximity to IT employment hubs. Nearby competing developments in Budigere Cross currently average pricing in the range of roughly Rs 12,650 per square foot, giving an early indication of where a future Puravankara launch here might be positioned relative to Whitefield's higher price bands.
No RERA registration, launch date, unit configuration, or pricing has been announced yet for this Mandur-Budigere project — the company is still at the land-acquisition stage. Based on Puravankara's own track record with similarly structured deals (such as Hennur Road and KIADB Hardware Park), a pre-launch phase with configuration and pricing details typically follows within 6 to 12 months of land acquisition. Prospective buyers should watch for official RERA filing and a formal project name before treating any listing or third-party price estimate as final.
For now, the Mandur-Budigere acquisition reinforces a broader trend: East Bengaluru's shift from a peripheral, IT-adjacent suburb to a mainstream residential destination, backed by established developers willing to commit significant capital to the corridor's long-term growth story.
