Puravankara Secures 14.57 Acre Parcel In Mandur Bengaluru

27 May 2026 CW Team

The managing director said the acquisition forms part of efforts to add high-quality projects across strategic micro markets and reflects a disciplined, long-term growth approach for the organisation. The south chief executive noted that the Budigere-Mandur corridor benefits from an established commercial ecosystem, social infrastructure and strong end-user demand. He added that proximity to Grade A office parks and major employment hubs supports residential demand from technology professionals and corporate employees.

The parcel is located in the eastern corridor near the Whitefield-Kadugodi micro market off Old Madras Road, offering access to Whitefield, KR Puram, ITPL, the Outer Ring Road and Kempegowda International Airport. It is surrounded by reputed schools, healthcare facilities and premium gated communities and benefits from expanding lifestyle infrastructure. These locational attributes are expected to provide a blend of urban convenience and residential tranquillity that supports sustained IT led demand.

During the financial year 2026 the company strengthened its development pipeline in Bengaluru through acquisitions and joint development agreements at Hennur Road, Anekal Taluk, Balagere East and the KIADB Hardware Park with a cumulative estimated GDV of Rs 104 billion (Rs 104 bn). The Puravankara Group, headquartered in Bengaluru, has completed 95 projects totalling approximately 57 million square feet (57 mn sq ft) across nine cities and has a land bank of 40 million square feet (40 mn sq ft), with ongoing projects of 36.69 million square feet (36.69 mn sq ft). The group also operates a technology enabled construction subsidiary and a commercial real estate platform.

Puravankara 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). Of this, seven point nine two acres will be developed under a joint development agreement, and six point six five acres have been purchased outright. The project is expected to yield one point eight million square feet (1.8 million square feet) of saleable area. The company's developable area in Bengaluru is reported at 25.61 million square feet (25.61 million square feet). The managing director said the acquisition forms part of efforts to add high-quality projects across strategic micro markets and reflects a disciplined, long-term growth approach for the organisation. The south chief executive noted that the Budigere-Mandur corridor benefits from an established commercial ecosystem, social infrastructure and strong end-user demand. He added that proximity to Grade A office parks and major employment hubs supports residential demand from technology professionals and corporate employees. The parcel is located in the eastern corridor near the Whitefield-Kadugodi micro market off Old Madras Road, offering access to Whitefield, KR Puram, ITPL, the Outer Ring Road and Kempegowda International Airport. It is surrounded by reputed schools, healthcare facilities and premium gated communities and benefits from expanding lifestyle infrastructure. These locational attributes are expected to provide a blend of urban convenience and residential tranquillity that supports sustained IT led demand. During the financial year 2026 the company strengthened its development pipeline in Bengaluru through acquisitions and joint development agreements at Hennur Road, Anekal Taluk, Balagere East and the KIADB Hardware Park with a cumulative estimated GDV of Rs 104 billion (Rs 104 bn). The Puravankara Group, headquartered in Bengaluru, has completed 95 projects totalling approximately 57 million square feet (57 mn sq ft) across nine cities and has a land bank of 40 million square feet (40 mn sq ft), with ongoing projects of 36.69 million square feet (36.69 mn sq ft). The group also operates a technology enabled construction subsidiary and a commercial real estate platform.

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