Puravankara Launches 2,300 Cr Bengaluru Housing Plan

Synopsis:  Puravankara expands its Bengaluru portfolio with Rs 2,300 crore residential projects in East Bengaluru, strengthening its presence in high-growth housing markets driven by infrastructure and IT-led demand.

Puravankara has expanded its presence in Bengaluru with the launch of a major residential development project carrying an estimated gross development value (GDV) of nearly Rs 2,300 crore. The project is being developed on a 14.57-acre land parcel in Mandur, East Bengaluru, reflecting the company’s continued focus on strengthening its portfolio in high-growth residential corridors of the city.

The acquisition includes a combination of outright purchase and joint development arrangements. Around 7.92 acres have been secured through a joint development agreement, while the remaining 6.65 acres have been directly acquired by the company. The planned development is expected to offer a total saleable area of approximately 1.8 million square feet, further reinforcing Puravankara’s aggressive expansion strategy in Bengaluru’s residential market.

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The new housing project is strategically located in East Bengaluru, a region that continues to witness strong residential demand due to rapid infrastructure growth, expanding IT corridors, and improved connectivity. Mandur and nearby localities have increasingly emerged as preferred destinations for premium and mid-segment housing developments because of their proximity to Whitefield, Outer Ring Road, and major technology parks. Industry observers note that sustained employment growth and ongoing infrastructure investments continue to drive residential absorption across Bengaluru’s eastern and northern micro-markets.

According to Ashish Puravankara, Managing Director of Puravankara Limited, the acquisition reflects the company’s disciplined growth strategy and confidence in Bengaluru’s long-term market fundamentals. He stated that the company remains focused on expanding its pipeline through strategically located projects that cater to evolving urban housing preferences while maintaining capital-efficient development models.

The latest acquisition adds to Puravankara’s growing land bank and follows several recent investments across Bengaluru and Mumbai. Earlier this year, the company announced multiple residential and commercial expansion initiatives, including projects in Anekal Taluk, KIADB Hardware Park, and Hennur Road. These developments collectively form part of Puravankara’s broader strategy to expand its footprint across high-demand urban markets in India.

Bengaluru’s residential real estate market continues to experience steady momentum, supported by strong demand from technology professionals, startup entrepreneurs, and investors. Discussions across real estate communities also indicate rising buyer interest in premium housing projects offering integrated amenities, connectivity, and long-term investment value.

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With this latest project, Puravankara aims to capitalize on Bengaluru’s expanding housing demand while strengthening its position among the city’s leading residential developers. The project is expected to contribute significantly to the company’s future sales pipeline and reinforce East Bengaluru’s status as one of the city’s most active real estate growth corridors.