Bengaluru: Puravankara Limited has secured a 14.57-acre land parcel in Mandur-Budigere, with a projected gross development value (GDV) of nearly Rs 2,300 crore, as the real estate developer continues to strengthen its residential pipeline in the city.

The project, spread across Bengaluru's fast-growing eastern corridor, will have a total saleable area of around 1.8 million square feet.

Of the total land parcel, 7.92 acres has been secured through a joint development agreement (JDA), while the remaining 6.65 acres has been purchased outright by the company.

Ashish Puravankara, Managing Director of Puravankara Limited, said
the acquisition aligns with the company's strategy of adding high-quality projects in key micro-markets through a disciplined growth approach.

He added that the latest deal has increased Puravankara's developable landbank in Bengaluru to 25.61 million square feet.