Puravankara Acquires Bengaluru Land Parcel With ₹2,300 Crore Development Value

Puravankara Limited has expanded its Bengaluru real estate portfolio by securing a 14.57 acre land parcel in Mandur, Budigere, one of the emerging residential corridors in East Bengaluru. The project carries an estimated gross development value of about ₹2,300 crore and is expected to add significant scale to the company’s future launch pipeline.

Of the total land parcel, 7.92 acres has been secured through a joint development agreement, while 6.65 acres has been acquired directly by the company. The proposed project will offer a total saleable area of around 18 lakh square feet, strengthening Puravankara’s presence in a micro market that has been gaining attention from homebuyers and developers.

The land parcel is located near the Whitefield Kadugodi belt and offers connectivity to key employment and residential hubs such as Whitefield, KR Puram, ITPL, Outer Ring Road and Kempegowda International Airport. The area also benefits from access to schools, hospitals, commercial centres and established residential communities, making it suitable for large scale residential development.

The acquisition comes at a time when East Bengaluru continues to see steady housing demand, supported by IT employment, infrastructure growth and improving road connectivity. Budigere and Mandur have gradually emerged as preferred locations for buyers looking for relatively larger homes, better connectivity and future appreciation potential.

Puravankara said the transaction is part of its strategy to add projects in high potential micro markets across Bengaluru. With this acquisition, the company’s developable area in Bengaluru has increased to 2.56 crore square feet.

During FY26, Puravankara strengthened its Bengaluru pipeline through acquisitions and joint development agreements across Hennur Road, Anekal Taluk, Balagere in East Bengaluru and KIADB Hardware Park. These projects together have an estimated gross development value of about ₹10,400 crore.

As of March 31, 2026, Puravankara had completed 95 projects covering about 5.7 crore square feet across nine cities. The company also has a total land bank of about 4 crore square feet, positioning it for continued growth in India’s residential real estate market.