Puravankara Buys 53.5 Acres in Bengaluru for Rs. 4,800 Cr GDV

Puravankara Limited has acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru, reinforcing its presence in one of the city’s fast-emerging residential growth corridors.

The newly acquired land is located at Attibele Hobli, a strategically positioned micro-market that has seen increasing residential and infrastructure development.

The parcel offers a saleable area of approximately 6.4 million square feet (msft) and carries a potential gross development value (GDV) exceeding Rs 4,800 crore.

Key Highlights

• Puravankara acquires 53.5 acres in Anekal Taluk with GDV of Rs 4,800 crore
• Land parcel offers 6.4 msft saleable area in a key growth corridor
• Additional projects across North and East Bengaluru add over Rs 4,300 crore GDV

This acquisition significantly enhances Puravankara’s development pipeline in Bengaluru real estate, aligning with the company’s strategy of expanding in high-growth urban clusters.

Adding further context, Mallanna Sasalu, CEO – South, Puravankara, said, “The project is located in a micro-market marked by strong end-user demand and limited availability of developable land. Before this acquisition, during H1 FY26, we added a total of 6.36 million sq ft of developable area in Bengaluru and Mumbai, with an estimated gross development value of Rs 9,100 crores. The addition of another Rs 4,800 crores brings the potential GDV to Rs 13,900 crores and the developable area to 12.76 msft for the year to date.”

Ashish Puravankara, MD, Puravankara, 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.”

Earlier in the year, Puravankara also advanced its Bengaluru expansion plans through multiple strategic land acquisitions and joint development agreements. One of the key moves included a partnership with KVN Property Holdings LLP for a 24.59-acre land parcel at KIADB Hardware Park, North Bengaluru. This project has a developable area of 3.48 msft and a potential GDV of over Rs 3,300 crore, further strengthening the company’s northern Bengaluru portfolio.

In addition, Puravankara entered into a joint development agreement for a 5.5-acre land parcel in Balegere, East Bengaluru. This project offers a developable area of 0.85 msft with an estimated GDV of over Rs 1,000 crore, catering to demand in another high-growth residential zone.

Also Read: Puravankara Adds Rs 9,100 Cr Projects in Mumbai & Bengaluru

Collectively, these acquisitions underline Puravankara’s focused approach toward land banking, scale-driven residential development, and long-term growth in Bengaluru’s real estate market, one of India’s most dynamic housing markets.