Puravankara Strengthens Its Bengaluru Expansion Strategy
In a significant move that further strengthens its presence in Bengaluru’s booming residential market, Puravankara Limited has acquired a 14.57-acre land parcel in the rapidly growing Mandur-Budigere corridor of East Bengaluru. The upcoming residential development is expected to generate an estimated Gross Development Value (GDV) of nearly ₹2,300 crore.
The project will offer approximately 1.8 million square feet of saleable area and is strategically located in one of Bengaluru’s most promising residential growth corridors. The acquisition reflects Puravankara’s long-term strategy of expanding its premium residential portfolio in high-demand micro-markets driven by infrastructure growth and IT-led employment.
Strategic Land Acquisition Through JDA and Direct Purchase
The acquisition has been executed through a combination of a Joint Development Agreement (JDA) and outright land purchase, showcasing the company’s balanced and capital-efficient growth model.
Key Highlights of the Acquisition
- Total Land Parcel: 14.57 Acres
- Estimated GDV: ₹2,300 Crore
- Total Saleable Area: Around 1.8 Million Sq. Ft.
- 7.92 Acres Secured Through JDA
- 6.65 Acres Purchased Outright
This structured acquisition approach allows Puravankara to optimize capital deployment while continuously expanding its development pipeline across Bengaluru.
East Bengaluru Continues to Emerge as a Real Estate Hotspot
The Mandur-Budigere corridor has rapidly evolved into a preferred residential destination due to its strategic location, infrastructure upgrades, and proximity to Bengaluru’s major IT hubs.
Located near the thriving Whitefield-Kadugodi region and positioned off Old Madras Road, the area enjoys strong connectivity to:
- Whitefield
- KR Puram
- ITPL
- Outer Ring Road
- Kempegowda International Airport
The locality is also surrounded by premium gated communities, reputed schools, healthcare facilities, shopping centres, and expanding social infrastructure. These factors continue to attract working professionals, families, and investors looking for long-term growth opportunities.
The newly announced Puravankara Mandur development is expected to benefit significantly from this strong infrastructure and connectivity advantage.
Leadership Commentary on the Acquisition
Ashish Puravankara, Managing Director of Puravankara Limited, stated that the acquisition aligns with the company’s disciplined strategy of adding high-quality projects across strategic micro-markets.
According to him, the latest transaction demonstrates:
- Confidence in Bengaluru’s long-term real estate growth
- A disciplined and sustainable expansion strategy
- Focus on building a robust launch pipeline
- Commitment to high-quality residential developments
The company continues to pursue growth opportunities through both outright acquisitions and joint development models to maintain operational efficiency and scalability.
Strong Demand Driven by Bengaluru’s IT Ecosystem
Mallanna Sasalu, CEO – South at Puravankara Limited, highlighted the growing importance of the Budigere-Mandur corridor as a residential destination supported by North-East Bengaluru’s commercial ecosystem.
The region benefits from close proximity to Grade-A office parks, IT campuses, and major employment hubs in Whitefield and surrounding areas. This has led to increasing demand from:
- IT professionals
- Corporate employees
- Young families
- Long-term investors
The combination of connectivity, employment opportunities, and evolving lifestyle infrastructure makes East Bengaluru one of the city’s strongest residential growth markets.
Puravankara’s Expanding Bengaluru Portfolio
The latest acquisition further strengthens Puravankara’s already growing landbank in Bengaluru. With this addition, the company’s total developable landbank in the city has reached approximately 25.61 million square feet.
During FY26, the company expanded its Bengaluru pipeline through acquisitions and JDAs across several strategic locations, including:
- Hennur Road
- Anekal Taluk
- Balagere, East Bengaluru
- KIADB Hardware Park
These projects collectively contribute an estimated GDV of nearly ₹10,400 crore, underlining Puravankara’s aggressive growth strategy in Bengaluru’s residential sector.
About Puravankara Limited
Puravankara Limited is one of India’s most trusted and established real estate developers with over five decades of industry experience. Headquartered in Bengaluru, the company has built a strong presence across residential, commercial, and plotted development segments.
Company Highlights as of March 31, 2026
- 95 Completed Projects
- Around 57 Million Sq. Ft. Delivered
- Presence Across 9 Major Indian Cities
- Total Land Bank of Approximately 40 Million Sq. Ft.
- Ongoing Projects Spanning 36.69 Million Sq. Ft.
Apart from residential developments, the group has also expanded into:
- Grade-A Commercial Real Estate
- Technology-Enabled Construction Solutions
- Interior Design Services Through Purva Streaks
Why This Project Matters for Homebuyers and Investors
For Homebuyers
The upcoming development is expected to offer:
- Modern residential apartments
- Premium lifestyle amenities
- Excellent connectivity
- Access to social infrastructure
- A trusted developer brand
With East Bengaluru witnessing rapid urban expansion, the project is likely to attract end-users looking for long-term residential value.
For Investors
From an investment perspective, the project offers several growth drivers:
- Strong appreciation potential
- Increasing rental demand
- Infrastructure-led development
- Proximity to IT and business hubs
- Rising demand in East Bengaluru
As infrastructure projects continue to enhance connectivity across the city, residential developments in the Mandur-Budigere corridor are expected to witness substantial long-term value appreciation.
Conclusion
Puravankara Limited’s acquisition of a 14.57-acre land parcel in Mandur-Budigere marks another major milestone in Bengaluru’s rapidly evolving residential market. Backed by a projected GDV of ₹2,300 crore, strong infrastructure growth, and rising demand from IT professionals, the project is expected to become a significant residential destination in East Bengaluru.
With a strategic location, robust connectivity, and Puravankara’s established reputation for quality development, the upcoming project reinforces the company’s commitment to expanding its premium housing footprint across Bengaluru’s high-growth corridors.
