Puravankara Acquires 53-Acre Bengaluru Land for Rs 4800 Crores GDV

Puravankara Limited has announced the acquisition of a 53.5-acre land parcel in Anekal Taluk, Bengaluru. The land has a potential gross development value (GDV) of over Rs 4800 crores. This acquisition is part of Puravankara’s strategy to expand its presence in Bengaluru’s emerging residential growth corridors. The company aims to enhance its footprint in strategic micro-markets within the city.

The newly acquired land offers a saleable area of 6.4 million square feet. The acquisition contributes to Puravankara’s ongoing efforts to systematically add quality developable land to its launch pipeline. Before this acquisition, during the first half of the fiscal year 2026, Puravankara added a total of 6.36 million square feet of developable area in Bengaluru and Mumbai, with an estimated GDV of Rs 9100 crores. The addition of the new land parcel increases the potential GDV to Rs 13900 crores for the year to date.

The land is strategically located in Attibele Hobli, a micro-market characterized by strong end-user demand and limited availability of developable land. This acquisition is part of Puravankara’s disciplined approach to growth, focusing on creating large, sustainable communities. The company has also advanced its Bengaluru growth plans through strategic acquisitions earlier in the year. This includes a partnership with KVN Property Holdings LLP for a 24.59-acre parcel at KIADB Hardware Park in North Bengaluru, with a developable area of 3.48 million square feet and a potential GDV of over Rs 3300 crores. Additionally, a joint development for a 5.5-acre parcel in Balegere, East Bengaluru, with a developable area of 0.85 million square feet and a potential GDV of over Rs 1000 crores, was also undertaken.

The timeline for the development of the newly acquired land parcel has not been specified in the filing. However, the acquisition aligns with Puravankara’s long-term view for growth and confidence in the fundamentals of the Bengaluru market. The company continues to focus on expanding its presence in key micro-markets supported by improved infrastructure and strong connectivity.

Puravankara Limited is one of India’s most trusted real estate developers, headquartered in Bengaluru. The company has established three successful residential brands: Puravankara, Provident Housing Limited, and Purva Land. These brands cater to a wide spectrum of housing and plotted development needs. Puravankara has completed 93 projects totaling approximately 55 million square feet across nine cities. The company’s total land bank is approximately 32 million square feet, with ongoing projects totaling approximately 34 million square feet.