Overview
- Puravankara disclosed on Monday that it secured a 14.57‑acre parcel in Mandur‑Budigere made up of 7.92 acres under a joint development agreement and 6.65 acres bought outright, with about 1.8 million sq ft of saleable area and an estimated Rs 2,300 crore gross development value.
- The transaction raises the company’s Bengaluru developable landbank to 25.61 million sq ft and is presented as part of a targeted FY26 push to add capital‑efficient projects in the city.
- The company did not disclose the land acquisition cost or the revenue and profit‑sharing terms of the joint development agreement, which limits outside assessment of the deal’s economics.
- Puravankara says it chose the Mandur‑Budigere corridor for its improved infrastructure and links to Whitefield, KR Puram, ITPL and the airport, aiming to serve demand from technology and corporate professionals.
- The deal complements other FY26 additions that the company values at about Rs 10,400 crore in potential GDV and could support future project launches that increase housing supply in east Bengaluru.