Puravankara Secures 14.57-Acre Land Parcel in Mandur, Bengaluru, with GDV of Rs 2,300 Crore
Bengaluru, May 25, 2026: Puravankara Limited, a major real estate developer in India, has acquired a 14.57-acre land parcel in Mandur, Budigere, Bengaluru. The land parcel carries a potential Gross Development Value (GDV) of approximately Rs 2,300 crore.The acquisition comprises two parts: 7.92 acres are part of a joint development agreement (JDA), while an additional 6.65 acres have been purchased outright by Puravankara. The total saleable area anticipated for the entire project is approximately 1.8 million square feet (msft).
Ashish Puravankara, Managing Director of Puravankara Limited, stated that this deal is part of the company's systematic effort to add high-quality projects to its launch pipeline across strategic micro-markets. He noted that the acquisition reflects the organization’s disciplined growth approach and long-term confidence in the fundamentals of these markets. Following this purchase, Puravankara's total landbank of developable area in Bengaluru stands at 25.61 msft.
Mallanna Sasalu, CEO - South, Puravankara Limited, highlighted the significance of the location. He observed that the Budigere-Mandur corridor has emerged as an important residential micro-market with substantial long-term potential. The area benefits from the established commercial ecosystem in North-East Bengaluru, supported by robust social infrastructure and strong end-user demand.
The site offers easy access to major employment hubs, including several Grade-A office parks in Whitefield, making it an attractive residential destination for technology professionals. Sasalu added that the transaction reinforces Puravankara's Bengaluru portfolio and aligns with the strategy of acquiring high-quality projects through capital-efficient structures like joint developments.
The acquired land parcel is strategically positioned in the eastern corridor of Bengaluru, near the thriving Whitefield-Kadugodi micro-market. Its location, situated off the Old Madras Road, provides convenient connectivity to Whitefield, KR Puram, ITPL, the Outer Ring Road, and key commercial hubs, while also offering access to Kempegowda International Airport.
Puravankara has shown consistent growth in its Bengaluru pipeline. During the financial year 2026, the company strengthened its development pipeline through various acquisitions and JDAs at Hennur Road, Anekal Taluk, Balagere East Bengaluru, and KIADB Hardware Park, totaling an estimated GDV of approximately Rs 10,400 crore.
The company’s overall development footprint and portfolio metrics as of March 31, 2026, are detailed below:
| Metric | Value |
|---|---|
| Total Projects Completed (Across 9 Cities) | 95 |
| Total Square Footage Completed | ~57 million sq ft |
| Total Land Bank (Across 9 Cities) | ~40 msft |
| Ongoing Projects Area | 36.69 msft |
Puravankara Limited, one of India's established real estate developers, maintains a presence across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.
PURVA Stock Price Movement
Shares of Puravankara Limited are edging higher to ₹226.9 as of 9:58 AM today, showing a positive gain of 0.58% in live trading. The equity is currently seeing movement on a volume of 130,923 shares, nearing the day's peak near ₹233.24.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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