Puravankara strengthens Bengaluru presence with 53.5-acre land acquisition in Anekal

Puravankara Limited has further consolidated its position in Bengaluru’s residential real estate market with the acquisition of a large land parcel in Anekal Taluk. The listed developer disclosed through a regulatory filing that it has acquired 53.5 acres of land at Attibele Hobli, a fast-developing micro-market in south Bengaluru, with an estimated gross development value of more than ₹4,800 crore.

The acquired land parcel offers a saleable development potential of around 6.4 million square feet and is expected to be developed into a large integrated residential community. Industry observers note that Anekal and surrounding areas have been witnessing steady end-user demand, supported by improving infrastructure, proximity to employment hubs, and relatively affordable pricing compared to central Bengaluru.

Ashish Puravankara, Managing Director of Puravankara Limited, said the acquisition forms part of the company’s ongoing effort to systematically build a strong and sustainable launch pipeline. He highlighted that the focus remains on adding high-quality developable land in strategic locations, while maintaining a disciplined approach to growth. According to him, the long-term fundamentals of such micro-markets continue to support the creation of large, well-planned residential communities.
The transaction also strengthens the company’s year-to-date expansion.

Mallanna Sasalu, CEO South, stated that with this acquisition, Puravankara’s total additions during the current financial year stand at approximately 12.76 million square feet of developable area. This translates into a cumulative GDV of nearly ₹13,900 crore across key markets such as Bengaluru and Mumbai. He added that the availability of large, contiguous land parcels in Anekal is limited, making this deal strategically important for future growth in the city.

Earlier in the year, Puravankara expanded its footprint through a partnership at KIADB Hardware Park in north Bengaluru and a joint development project in east Bengaluru’s Balegere area. These moves reflect the developer’s calibrated expansion strategy across multiple growth corridors.

With south Bengaluru emerging as a strong residential destination, driven by infrastructure upgrades and sustained housing demand, the latest acquisition positions Puravankara to capitalise on future opportunities while reinforcing its presence in one of India’s most competitive real estate markets.