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. The deal, announced on 25 May 2026, marks one of the developer's key land additions in East Bengaluru during the current fiscal year.
Of the total parcel, 7.92 acres is part of a joint development agreement (JDA), while 6.65 acres has been purchased by Puravankara. The total saleable area for the entire project will be approximately 1.8 msft. The mixed structure, roughly split between outright purchase and JDA, reflects a capital-efficient approach that lets the developer access a sizeable parcel without deploying full upfront capital.
Commenting on the acquisition, Ashish Puravankara, Managing Director, Puravankara Limited, said this deal is part of the company's ongoing efforts to systematically add high-quality projects to its launch pipeline across strategic micro-markets, reflecting a disciplined approach to growth and confidence in market fundamentals, with the latest acquisition taking the total landbank in Bengaluru to 25.61 msft.
Mallanna Sasalu, CEO - South, Puravankara Limited, added that the Budigere-Mandur corridor has emerged 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, with convenient access to major employment hubs including several Grade-A office parks in Whitefield.
The site's location works in its favour. Situated off the Old Madras Road, the location offers access to Whitefield, KR Puram, ITPL, the Outer Ring Road, and commercial hubs, as well as connectivity to Kempegowda International Airport, with the area including schools, healthcare facilities, gated communities, and lifestyle infrastructure. This puts the parcel within easy reach of the IT corridor without the density and pricing pressure of established Whitefield micro-markets.
This is not an isolated move. 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. Taken together, these additions signal a clear strategy of building scale in East and North-East Bengaluru's emerging corridors.
For context on the wider micro-market, in Q1 2026, the East submarket dominated Bengaluru's new residential launches with a 57% share, driven by Whitefield, Gunjur, Budigere Cross, and Hoskote, with the broader East Bengaluru region recording 5-6% year-on-year capital value appreciation in early 2026. Current pricing dynamics also favour buyers looking beyond saturated zones, as current pricing in nearby Budigere Cross averages approximately ₹12,650 per square foot, considerably lower than Whitefield's ₹8,000–₹12,000 per sq ft range.
For homebuyers tracking East Bengaluru, the acquisition is a signal rather than an immediate launch. No RERA registration, unit configuration, or pricing has been announced yet, and Puravankara has not disclosed a launch timeline. As with its other recent land bank additions, the project will likely move through design, approvals, and RERA filing before sales open — a process that typically takes several months for parcels of this size. Homebuyers interested in the corridor should track official RERA listings and Puravankara's own announcements rather than early estimates circulating online, and treat any specific price or launch-date claims for this particular parcel as unconfirmed until the company formally unveils the project.
