Puravankara Acquires 14.57 Acres in Bengaluru for ₹2,300 Cr GDV
Puravankara Limited acquired a 14.57-acre land parcel in Mandur, Bengaluru, with a GDV of ₹2,300 crore. The project includes 7.92 acres under JDA and 6.65 acres purchased directly. This acquisition boosts Puravankara's Bengaluru landbank to 25.61 msft. In FY26, the company added projects worth ₹10,400 crore GDV.
The acquisition of a large land parcel in a strategic location like Bengaluru, with a substantial GDV, is expected to have a significant impact on the company's future performance and market position.
The acquisition of a significant land parcel with a high GDV is a positive development for the company's growth and future revenue prospects.
Puravankara Limited has secured a 14.57-acre land parcel in Mandur, Budigere, Bengaluru, with a potential Gross Development Value (GDV) of approximately ₹2,300 crore. Of this, 7.92 acres are part of a joint development agreement (JDA), while 6.65 acres have been purchased directly by the company. The total saleable area for the project is estimated to be around 1.8 million square feet.
Ashish Puravankara, Managing Director, stated that this acquisition is part of the company's strategy to add high-quality projects to its pipeline in strategic micro-markets, reflecting a disciplined growth approach and confidence in market fundamentals. This latest acquisition increases Puravankara's developable area in Bengaluru to 25.61 million square feet.
Mallanna Sasalu, CEO - South, highlighted the Budigere-Mandur corridor's potential due to its proximity to the commercial ecosystem of North-East Bengaluru and strong end-user demand, particularly from technology professionals. The location offers convenient access to major employment hubs like Whitefield and ITPL, and connectivity to Kempegowda International Airport.
During FY26, Puravankara had already strengthened its Bengaluru pipeline with acquisitions and JDAs at Hennur Road, Anekal Taluk, Balagere East Bengaluru, and KIADB Hardware Park, with a cumulative estimated GDV of approximately ₹10,400 crore.
As of March 31, 2026, Puravankara has completed 95 projects totaling approximately 57 million sq ft across nine cities and maintains a total land bank of around 40 million sq ft, with ongoing projects adding up to 36.69 million sq ft.
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Puravankara Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Puravankara Limited. Read the original for the full detail.