Real estate developer Puravankara has secured a 14.57-acre land parcel in Mandur, Budigere, Bengaluru, with an estimated gross development value (GDV) of around Rs 2,300 crore, as it continues to expand its residential pipeline in the city. The announcement, made in May 2026, adds a significant new project to the developer's East Bengaluru portfolio, one of the fastest-growing residential corridors in the city.
The land parcel has been secured through two separate structures. The company said 7.92 acres of the land parcel was secured through a joint development agreement (JDA), while the remaining 6.65 acres was acquired outright. Together, the proposed development will have a total saleable area of nearly 1.8 million square feet, positioning it as one of Puravankara's larger residential pipeline additions in Bengaluru this year.
Location is central to the project's appeal. The company said the project site offers connectivity to Whitefield, KR Puram, ITPL, Outer Ring Road and Kempegowda International Airport through Old Madras Road, while the area is also surrounded by schools, healthcare facilities and gated residential communities. 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, making it an attractive micro-market for homebuyers working in the city's IT hubs.
In a regulatory filing, the company confirmed it has secured a 14.57-acre land parcel located in Mandur, Budigere, in Bengaluru, though Puravankara Ltd did not disclose the land cost and revenue or profit-sharing terms to the landowner in the JDA, keeping commercial terms of the deal confidential.
Commenting on the acquisition, Ashish Puravankara, Managing Director of 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. He added that the move reflects our disciplined approach to growth, a long-term view for the organisation, and confidence in the fundamentals of these markets, noting that with this latest acquisition, our total landbank – developable area in Bengaluru stands at 25.61 msft.
This acquisition is not an isolated move. Puravankara said it added projects across Hennur Road, Anekal Taluk, Balagere East Bengaluru and KIADB Hardware Park during FY26 through acquisitions and JDAs, with a cumulative estimated GDV of around Rs 10,400 crore, signalling an aggressive land-banking strategy across the city's growth corridors as the developer looks to replenish its pipeline ahead of new launches.
For homebuyers, the Mandur-Budigere acquisition signals fresh residential supply in a corridor that has historically been dominated by plotted developments and mid-scale apartment projects. Given the site's connectivity to Whitefield's IT campuses and its scale, the project is expected to cater to end-users and investors seeking value in an appreciating micro-market, though specific unit configurations, pricing and launch timelines are yet to be disclosed by the developer.
