Puravankara Acquires 53-Acre Land in Bengaluru for ₹4,800 Crore Residential Project
Bengaluru, December 2025: Puravankara Limited, a leading name in India’s real estate sector, has strengthened its residential development pipeline with the acquisition of a 53.5-acre land parcel in Anekal Taluk, Bengaluru. Located in Attibele Hobli, an emerging growth corridor, the project is estimated to generate a Gross Development Value (GDV) exceeding ₹4,800 crore.
The newly acquired land offers a saleable development potential of approximately 6.4 million square feet, positioning it as one of the company’s largest single residential additions in the Bengaluru market. The location benefits from improving infrastructure connectivity and growing residential demand, making it a strategic addition to Puravankara’s portfolio.
Strengthening FY26 Growth Momentum
The acquisition significantly enhances Puravankara’s expansion plans for the current financial year. According to Mallanna Sasalu, Chief Executive Officer – South, the company had already added 6.36 million square feet of developable area across Bengaluru and Mumbai during the first half of FY26, with a combined GDV of around ₹9,100 crore.
With the inclusion of the Anekal project, Puravankara’s cumulative additions in FY26 now stand at:
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Total Developable Area: 12.76 million sq. ft.
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Total Potential GDV: Approximately ₹13,900 crore
Focused Expansion Across Key Micro-Markets
The Anekal land acquisition follows several high-value strategic developments undertaken by the company earlier in the year. These include a 24.59-acre project in North Bengaluru at KIADB Hardware Park, developed in partnership with KVN Property Holdings, with an estimated GDV of over ₹3,300 crore, and a 5.5-acre joint development in Balegere, East Bengaluru, valued at more than ₹1,000 crore.
Ashish Puravankara, Managing Director of Puravankara Limited, stated that the company remains committed to a disciplined and long-term growth strategy. He highlighted that systematic land acquisitions in well-connected urban clusters are aimed at developing large, sustainable residential communities aligned with evolving homebuyer preferences.
Positive Market Response
Following the announcement, Puravankara Limited’s shares recorded a positive movement on both the BSE and NSE, indicating strong investor confidence in the company’s expansion strategy and long-term growth outlook within high-demand residential markets.