Real estate developer Puravankara Limited has secured a 14.57-acre land parcel in the Mandur-Budigere corridor of East Bengaluru, with a projected gross development value (GDV) of nearly ₹2,300 crore.
According to the company’s press release dated May 25, 2026, the acquisition includes 7.92 acres through a joint development agreement (JDA) and 6.65 acres through outright purchase. The planned residential development is expected to feature approximately 1.8 million sq. ft. of saleable area.
The project site is located in the fast-growing Budigere–Mandur belt near Whitefield and Kadugodi, a micro-market witnessing strong residential demand due to improving infrastructure and connectivity to major IT hubs including Whitefield, KR Puram, ITPL, and Outer Ring Road.
Ashish Puravankara, Managing Director of the company, said the acquisition aligns with the developer’s strategy of expanding its presence across high-growth residential corridors in Bengaluru. With this addition, the company’s total developable land bank in Bengaluru has reportedly increased to over 25 million sq. ft.
Mallanna Sasalu, CEO – South at Puravankara Limited, highlighted the increasing importance of the Budigere-Mandur corridor as a preferred residential destination driven by infrastructure upgrades, proximity to employment hubs, and rising end-user demand.
The acquisition further strengthens Puravankara’s expansion pipeline in Bengaluru, where the developer has been actively adding new projects across emerging micro-markets including Hennur Road, Balagere, KIADB Hardware Park, and Anekal Taluk.
Harsh Dev is a Senior Real Estate Advisor at BookNewProperty, specializing in investment analysis and long-term asset appreciation. With extensive experience in the Bangalore market, he tracks high-growth corridors and infrastructure shifts. Harsh provides data-backed insights to help readers navigate complex property trends and economic cycles.
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