Puravankara Limited has secured a 14.57-acre land parcel in Mandur, Budigere, Bengaluru, with a potential gross development value of Rs 23 billion (Rs 23 bn). The company said seven point nine two acres are under a joint development agreement and six point six five acres were acquired outright. The project's saleable area is approximately one point eight million square feet (1.8 mn sq ft).

Ashish Puravankara, managing director, indicated the acquisition is aimed at systematically adding high-quality projects to the launch pipeline and reflects a disciplined growth approach and long-term view. He said the company's developable area in Bengaluru now stands at 25.61 million square feet (25.61 mn sq ft). The firm cited confidence in local market fundamentals as the rationale.

Mallanna Sasalu, chief executive officer for the south region, characterised the Budigere-Mandur corridor as an emerging residential micro-market supported by commercial ecosystems, social infrastructure and steady end-user demand. He noted the site offers access to Grade A office parks in Whitefield and connectivity to the Outer Ring Road, KR Puram and Kempegowda International Airport. The company said the transaction strengthens its Bengaluru portfolio and aligns with a strategy of capital-efficient joint developments.

The parcel sits off Old Madras Road near the Whitefield-Kadugodi area and is surrounded by schools, healthcare facilities and evolving lifestyle infrastructure that together provide urban convenience and residential tranquillity. The location's proximity to IT parks and major transport corridors underpins sustained technology-led housing demand. Puravankara highlighted connectivity and end-user appeal as key site attributes.

During financial year 2026 the group strengthened its Bengaluru pipeline through acquisitions and JDAs at Hennur Road, Anekal Taluk, Balagere and the KIADB Hardware Park, with a cumulative estimated GDV of about Rs 104 billion (Rs 104 bn). The Puravankara Group has completed 95 projects totalling 57 million square feet (57 mn sq ft) across nine cities and reported a total land bank of 40 million square feet (40 mn sq ft) with ongoing projects totalling 36.69 million square feet (36.69 mn sq ft).