Intimation of Press Release titled "Puravankara secures 14.57-acre land parcel in Mandur, Bengaluru, with GDV of Rs. 2,300 Crores."
PURVA · price
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Puravankara Limited has secured a 14.57-acre land parcel in Mandur, Budigere, Bengaluru with a potential gross development value of Rs. 2,300 crore. Of this, 7.92 acres is under a joint development agreement (JDA) and 6.65 acres has been purchased outright. The project will have approximately 1.8 million sq ft of saleable area. The location in the Budigere-Mandur corridor offers good connectivity to Whitefield, KR Puram, ITPL, and Kempegowda International Airport. During FY26, the company has strengthened its Bengaluru pipeline through multiple acquisitions and JDAs with cumulative estimated GDV of approximately Rs. 10,400 crore. With this acquisition, Puravankara's total developable landbank in Bengaluru stands at 25.61 msft.
The acquisition expands Puravankara's Bengaluru portfolio and launch pipeline at an attractive location with strong IT-driven demand. This supports future revenue visibility and demonstrates continued growth execution, which is positive for shareholders.