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Puravankara said the land parcel is in Bengaluru’s eastern corridor near the Whitefield–Kadugodi micro-market. The company has acquired 14.57 acres in Mandur for a residential project with ₹2,300 crore revenue potential and around 1.8 million sq ft of saleable area.
Bengaluru-based real estate developer Puravankara has acquired a large land parcel in the city to develop a new residential housing project. The project is expected to generate a revenue potential of around ₹2,300 crore, according to a regulatory filing made on May 25.
The land parcel is located in Mandur, a fast-developing area in eastern Bengaluru. The total land size is 14.57 acres and will be used for a major residential project aimed at meeting growing housing demand in the region.
As per the company filing, the 14.57-acre land parcel has been acquired through two different routes. A total of 7.92 acres is under a Joint Development Agreement (JDA), while Puravankara has directly purchased the remaining 6.65 acres.
The company has not disclosed the land cost or the profit-sharing arrangement with the landowner under the JDA structure.
The upcoming residential development will have a total saleable area of nearly 1.8 million square feet. The Gross Development Value (GDV), which represents the total revenue potential of the project, is estimated at ₹2,300 crore.
This project is expected to be one of the key upcoming developments in the Budigere–Mandur corridor, which is witnessing steady demand from homebuyers and investors.
According to Ashish Puravankara, Managing Director of Puravankara, the acquisition is part of the company’s long-term growth strategy. He said the focus is on adding high-quality projects in key micro-markets with a disciplined expansion approach.
He further added that with this deal, the company’s total land bank and developable area in Bengaluru has increased to 25.61 million square feet.
Mallanna Sasalu, CEO – South, said the transaction further strengthens the company’s Bengaluru portfolio. He also noted that capital-efficient structures like joint development agreements continue to play an important role in expanding the project pipeline.
The land parcel is located in the Budigere–Mandur corridor in eastern Bengaluru. This region is emerging as a strong residential hub due to rapid infrastructure development and rising housing demand.
The area is well connected to Whitefield, one of Bengaluru’s major IT and commercial hubs. It provides access to Grade-A office parks, making it a preferred location for working professionals in the technology sector.
The project site also offers smooth connectivity to KR Puram, ITPL, Outer Ring Road, and other key commercial zones. It further provides access to Kempegowda International Airport, improving overall connectivity.
The company stated that eastern Bengaluru continues to see strong residential demand driven by IT sector growth and improving infrastructure.
Schools, hospitals, retail centres, and other social amenities in nearby areas are also supporting the rise in housing demand. The Budigere–Mandur belt is expected to grow further as infrastructure projects progress and connectivity improves.
During FY26, Puravankara has significantly expanded its development pipeline across Bengaluru. The company has added several projects through both outright acquisitions and JDAs in locations such as Hennur Road, Anekal Taluk, Balagere in East Bengaluru, and KIADB Hardware Park.
These combined developments have an estimated gross development value of around ₹10,400 crore, reflecting the company’s strong expansion strategy in Bengaluru’s residential real estate market.
