Puravankara secures 14.6-acre in Mandur, Bengaluru with Rs 2,300 cr development value

Puravankara secures 14.6-acre in Mandur, Bengaluru with Rs 2,300 cr development value

Realty developer Puravankara 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.

Out of this, 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 around 1.8 million sq ft.


“This deal is part of our ongoing efforts to systematically add high-quality projects to our launch pipeline across strategic micro-markets. This reflects our disciplined approach to growth, a long-term view for the organisation, and confidence in the fundamentals of these markets,” said Ashish Puravankara, MD, Puravankara.

With this latest acquisition, the company’s total landbank, developable area in Bengaluru stands at 25.61 million sq ft.

“This transaction further strengthens our Bengaluru portfolio and aligns with our strategy of adding high-quality projects through capital-efficient structures such as joint developments,” said Mallanna Sasalu, CEO - South, Puravankara.

The land parcel is located in the rapidly evolving eastern corridor of Bengaluru near the Whitefield-Kadugodi micro-market, driven by infrastructure expansion and sustained IT-led demand.

During 2025-26, Puravankara strengthened its development pipeline in Bengaluru through outright acquisitions and joint development agreements at Hennur Road, Anekal Taluk, Balagere East Bengaluru and KIADB Hardware Park with a cumulative estimated gross development value of over Rs 10,400 crore.