Puravankara Limited has informed the Exchange regarding a press release dated May 25, 2026, titled "Puravankara secures 14.57-acre land parcel in Mandur, Bengaluru, with GDV of Rs 2,300 crores".
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Puravankara Limited has acquired a 14.57-acre land parcel in Mandur, Budigere, Bengaluru with an estimated Gross Development Value of Rs 2,300 crore. Of this, 7.92 acres is under a joint development agreement while 6.65 acres has been purchased outright. The project will have approximately 1.8 million sq ft of saleable area. The location benefits from proximity to Whitefield, IT hubs, and Kempegowda International Airport. With this acquisition, Puravankara's total developable landbank in Bengaluru stands at 25.61 million sq ft. During FY26, the company has added projects worth Rs 10,400 crore in GDV through various acquisitions and JDAs.
This acquisition strengthens Puravankara's presence in a high-growth micro-market of Bengaluru and increases its development pipeline, which is positive for future revenue visibility. The capital-efficient JDA structure also allows growth without full upfront capital outlay.