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Puravankara Limited has acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru, increasing its developable area by around 6.4 million sq ft with a gross development value (GDV) potential exceeding INR 4,800 crore. The company stated this purchase is part of a planned strategy to expand its land bank in key micro-markets. The move follows previous acquisitions in North and East Bengaluru, which collectively strengthened Puravankara's portfolio. The company aims to leverage these strategic land additions to cater to rising demand and infrastructure-led growth in Bengaluru.
Puravankara Limited has expanded its presence in Bengaluru by acquiring a 53.5-acre land parcel in Anekal Taluk's Attibele Hobli. The site provides a saleable area of approximately 6.4 million sq ft, with a potential gross development value of more than INR 4,800 crore. The company said the acquisition aligns with its strategy to strengthen its developable land pipeline in strategic micro-markets, supporting future residential projects. Advertisement
This addition follows earlier expansions within Bengaluru. The company had previously acquired a 24.59-acre plot in North Bengaluru's KIADB Hardware Park and entered a joint development agreement for a 5.5-acre parcel in East Bengaluru. These prior moves significantly increased the group's developable area and GDV potential, reinforcing its footprint in the city's key growth corridors.
Together, the earlier acquisitions and the latest 53.5-acre addition have substantially boosted Puravankara's overall developable land in Bengaluru and Mumbai. The firm is focusing on markets that benefit from improved connectivity, infrastructure development, and strong residential demand. The Anekal site, in particular, is strategically located near emerging residential hubs and industrial zones, which could support sustained interest from buyers and investors.
Puravankara operates across multiple residential segments and has a history of expanding through strategic land purchases and redevelopment ventures. Its approach combines careful selection of locations with an emphasis on long-term growth, rather than short-term gains. The company's cumulative land bank now positions it well to plan future project launches efficiently while responding to ongoing demand in Bengaluru's competitive real estate market.
The acquisition also reflects the company's ongoing effort to strengthen its portfolio in areas where infrastructure development and connectivity are enhancing residential appeal. By integrating this parcel with previously acquired lands, Puravankara can potentially offer diverse housing options, address end-user demand, and contribute to the city's expanding real estate landscape.
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