Puravankara Ltd has secured a 14.57-acre land parcel in Bengaluru’s Budigere-Mandur corridor with an estimated gross development value (GDV) of around ₹2,300 crore, as the real estate developer continues to expand its presence across high-growth micro-markets in the city.
The company said the project will have a total saleable area of nearly 1.8 million square feet.
Mix of acquisition and joint development
Of the total land parcel, 7.92 acres has been added through a joint development agreement (JDA), while 6.65 acres has been acquired outright by the company.
Puravankara Ltd MD Ashish Puravankara said the transaction forms part of the company’s strategy to steadily expand its launch pipeline through high-quality projects in strategic locations.
“This deal is part of our ongoing efforts to systematically add high-quality projects to our launch pipeline across strategic micro-markets,” he said.
Ashish Puravankara added that the acquisition reflects the company’s disciplined growth approach and confidence in Bengaluru’s residential market fundamentals.
With the latest addition, Puravankara’s total developable landbank in Bengaluru has increased to 25.61 million square feet.
Budigere-Mandur corridor emerging as growth hub
Puravankara Ltd CEO – South Mallanna Sasalu said the Budigere-Mandur corridor is emerging as an important residential destination backed by infrastructure expansion and demand from professionals working in Bengaluru’s technology hubs.
According to Sasalu, the location benefits from its proximity to the Whitefield-Kadugodi belt and established commercial ecosystems in North-East Bengaluru.
The land parcel is situated off Old Madras Road and offers connectivity to Whitefield, KR Puram, ITPL, Outer Ring Road and Kempegowda International Airport.
The area is also witnessing rapid development of social infrastructure, including schools, healthcare facilities, gated communities and lifestyle projects, making it attractive for end-users.
Bengaluru continues to anchor expansion strategy
Puravankara has been actively strengthening its Bengaluru development pipeline during FY26 through a combination of outright acquisitions and joint development agreements.
The company recently added projects across Hennur Road, Anekal Taluk, Balagere in East Bengaluru and KIADB Hardware Park, taking the cumulative estimated GDV of these additions to around ₹10,400 crore. The latest Mandur-Budigere transaction further reinforces the company’s focus on capital-efficient expansion while deepening its footprint in Bengaluru’s fast-growing residential corridors.