Real estate developer Puravankara has bought a 14.57-acre land parcel in Mandur, an area off Budigere Road, with a potential GDV (Gross development value) of ₹2,300 crore and saleable land of 1.8 million square feet. The parcel will be divided with 7.92 acres under a JDA (Joint development agreement) while 6.65 acres is purchased by Puravankara.

This purchase comes after the 53.5-acre land acquisition in Anekal Taluk in December 2025. Real estate demand in other areas of East Bengaluru like Kadugodi, Hoskote, Avalahalli and Budigere are rising with prices in these micro markets increasing from 10%-40% Year-on-Year. This is due to metro connectivity, influx of IT professionals and improving infrastructure.

Ashish Puravankara, Managing Director, Puravankara Limited, commenting about this land parcel said,“This deal is part of our ongoing efforts to systematically add high-quality projects to our launch pipeline across strategic micro-markets.”

Mallanna Sasalu, CEO - South, Puravankara Limited, highlighted the potential of the Budigere-Mandur corridor as an emerging micro-market with connectivity to major commercial parks in Whitefield.

This area in recent years has seen even more demand as governments are looking into building elevated corridors and roadworks with the BMRCL conducting a feasibility study recently for a 16 km double decker metro line from KR Pura to Hoskote. It is also part of the “Bangalore automative corridor” where there are multiple automotive companies offices.

These two land acquisitions have added a total of 7,100 crore in GDV to the developer’s pipeline with the combined saleable land of these projects at 8.2 million square feet.

Published on May 25, 2026