Puravankara Limited has successfully acquired a 14.57-acre land parcel in the Mandur-Budigere corridor of Bengaluru. The new project holds a potential gross development value (GDV) of Rs 2,300 crore. This strategic acquisition, comprising a mix of outright purchase and joint development, expands the company’s footprint in a key residential micro-market. With a total saleable area of approximately 1.8 million square feet, this deal underscores the company’s continued growth strategy and disciplined approach to capital-efficient expansion.
Strategic Expansion in Bengaluru
Puravankara Limited has announced the acquisition of a 14.57-acre land parcel located in the thriving Mandur-Budigere corridor of Bengaluru. The site has an estimated potential gross development value (GDV) of Rs 2,300 crore. The deal structure includes 7.92 acres under a joint development agreement (JDA) and 6.65 acres acquired through an outright purchase. This development adds approximately 1.8 million square feet of saleable area to the company’s portfolio.
Rationale Behind the Acquisition
Management highlighted the Budigere-Mandur corridor as a rapidly evolving residential micro-market, bolstered by the established commercial ecosystem of North-East Bengaluru. The location provides excellent proximity to key hubs such as Whitefield, KR Puram, and the Outer Ring Road, making it a highly attractive destination for IT professionals and corporate employees. This acquisition is part of the company’s broader objective to add high-quality, strategically located projects to its development pipeline.
Strong FY26 Momentum
This latest move follows a year of significant growth for the company. During FY26, Puravankara strengthened its presence in Bengaluru through multiple acquisitions and joint developments in areas including Hennur Road, Anekal Taluk, Balagere, and the KIADB Hardware Park. These strategic additions represent a cumulative estimated GDV of approximately Rs 10,400 crore, reflecting a robust growth trajectory in the city.
Operational Footprint
As of March 31, 2026, Puravankara has completed 95 projects totaling 57 million square feet across nine Indian cities. The group currently maintains a total land bank of 40 million square feet, with ongoing projects comprising another 36.69 million square feet. Through its subsidiaries and brands like Starworth Infrastructure and Purva Streaks, the company continues to cater to the full spectrum of housing and commercial real estate needs.
Source: BSE
