Puravankara Acquires 53.5-Acre Land in Bengaluru with ₹48 Billion Development Potential

Puravankara Limited has acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru, strengthening its presence in one of the city's emerging residential growth corridors, the company said in the exchange filings.  The project, located at Attibele Hobli, offers a saleable area of 6.4 million sq ft and carries a potential gross development value (GDV) exceeding ₹48 billion.

The acquisition is aligned with the company's strategy to expand across Bengaluru micro-markets, supported by improved infrastructure, strong connectivity, and sustained end-user demand.

Ashish Puravankara, Managing Director, Puravankara Limited, said: “This acquisition is part of our ongoing efforts to systematically add quality developable land to our launch pipeline across strategic micro-markets. This reflects our disciplined approach to growth with a long-term view for the organisation, and also confidence in the fundamentals of these markets to create large, sustainable communities.”

Mallanna Sasalu, CEO - South, Puravankara Limited, noted that the site is situated in a micro-market marked by “strong end-user demand and limited availability of developable land”.

During the first half of the financial year 2025-26, Puravankara added 6.36 million sq ft of developable area across Bengaluru and Mumbai, with an estimated GDV of ₹91 billion. With the inclusion of the new ₹48 billion asset in Anekal Taluk, the cumulative potential GDV for the year to date has reached ₹139 billion, covering a total developable area of 12.76 million sq ft.

Earlier in the year, the company advanced its Bengaluru growth plans through other strategic acquisitions. These included partnering with KVN Property Holdings LLP for a 24.59-acre parcel at KIADB Hardware Park in North Bengaluru. That project entails a developable area of 3.48 million sq ft and a potential GDV exceeding ₹33 billion. Additionally, the firm entered a joint development agreement for a 5.5-acre parcel in Balegere, East Bengaluru, yielding a developable area of 0.85 million sq ft and a potential GDV of over ₹10 billion.