Puravankara Acquires Prime Land in Bengaluru for Massive Rs 4,800 Crore Housing Project
New Delhi, Dec 23 (PTI) — Puravankara Ltd, a prominent real estate developer, has recently acquired a 53.5-acre land parcel in Bengaluru to develop a housing project worth Rs 4,800 crore. The land is strategically located in Anekal Taluk, a rapidly growing area in the city.
In a regulatory filing, the company stated that this acquisition is part of their ongoing efforts to systematically add quality developable land to their launch pipeline across strategic micro-markets. Ashish Puravankara, Managing Director of Puravankara Ltd, commented, “This acquisition is part of our ongoing efforts to systematically add quality developable land to our launch pipeline across strategic micro-markets.”
The newly acquired land parcel has a saleable area of 6.4 million sq ft and has a potential gross development value of over Rs 4,800 crore. This significant investment underscores Puravankara's commitment to expanding its footprint in the real estate sector, particularly in high-growth areas.
Bengaluru-based Puravankara Ltd is one of the leading real estate developers in India. As of September 30, 2025, the company has completed 93 projects totaling around 55 million sq ft across nine cities, including Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.
This acquisition is expected to bolster Puravankara's market position and contribute to the company's long-term growth strategy. The development of this new housing project is likely to create numerous employment opportunities and further boost the local economy in Anekal Taluk.
Puravankara's focus on strategic micro-markets and its commitment to delivering high-quality residential projects have been key factors in its success. The company's reputation for innovation and customer satisfaction has made it a preferred choice for homebuyers in various cities across India.
The real estate market in Bengaluru has been witnessing significant growth, driven by the city's status as a major IT hub and a preferred destination for young professionals. Puravankara's latest acquisition is a testament to the company's confidence in the city's future and its potential for sustainable development.
As Puravankara continues to expand its portfolio, the company remains committed to maintaining its high standards of quality and service. The new housing project in Anekal Taluk is poised to set new benchmarks in the real estate sector and further solidify Puravankara's position as a leader in the industry.
