Puravankara Acquires 54 Acres in Anekal, Bengaluru: A Strategic Move for Future Growth

Puravankara Limited, a publicly listed real estate developer headquartered in Bengaluru, has made a significant acquisition in the Anekal Taluk. The company has secured a plot of land totaling 53.5 acres with a gross development value (GDV) exceeding ₹4,800 crores. This strategic move is part of Puravankara's ongoing efforts to systematically add quality developable land to its launch pipeline across strategic micro-markets.

The property plot is situated in Attibele Hobli, which is a rapidly expanding residential micro-market in the southern part of Bengaluru. According to the company, this plot has a developable area of around 6.4 million square feet, which is likely to be developed into a large residential community.

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

This acquisition further enhances the land bank in Bengaluru for Puravankara, which is witnessing strong demand from the end-user segment in the city due to job creation and increased connectivity to its peripherals. Mallanna Sasalu, CEO-South, Puravankara Limited, stated that the acquisition significantly increases the company’s development pipeline for the current fiscal year. The total acquisitions made by the company this year now touch 12.76 million sq ft of developable area with a cumulative GDV of approximately ₹13,900 crores in the cities of Bangalore and Mumbai.

During the first half of FY26, Puravankara added 6.36 million sq ft of developable space with an estimated GDV of ₹9,100 crore. The introduction of an extra ₹4,800 crore of projects further enhances the company's launch pipeline for the year.

The micro-market in Anekal, Bengaluru, has been identified as a prime residential growth route due to more affordable pricing, enhanced infrastructure, and proximity to job centers. However, large and accessible land parcels in this region are scarce, making this acquisition a crucial expansion move for Puravankara.

Earlier this year, Puravankara increased its foothold in North Bengaluru in collaboration with KVN Property Holdings LLP in a project on KIADB Hardware Park. The project spans 24.59 acres of land with a developable area of approximately 3.48 million sq ft and a GDV of over ₹3,300 crores.

In East Bengaluru, Puravankara has also entered into joint development agreements for 5.5 acres of land in Balegere, with a development potential of approximately 0.85 million sq ft and a GDV of over ₹1,000 crores. With numerous land purchases and joint ventures in Bengaluru and Mumbai, Puravankara is increasing the scope of its residential projects, positioning itself to capitalize on the demand for housing in India's major cities.