Puravankara Limited, one of India’s leading real estate developers, has announced the acquisition of a 53.5-acre (≈54 acres) land parcel in Anekal Taluk, Bengaluru, with a potential Gross Development Value (GDV) exceeding ₹4,800 crore. This strategic purchase marks a significant expansion of the company’s land bank in one of the city’s high-growth residential corridors and reinforces its position in the Bengaluru real estate market.
The newly acquired site at Attibele Hobli is estimated to offer around 6.4 million square feet of saleable area, positioning it for development into a large-scale residential township or community project. According to the company’s regulatory filings and press announcements, the acquisition aligns with Puravankara’s broader strategy of systematically adding quality developable land to its launch pipeline across strategic micro-markets.
Ashish Puravankara, Managing Director of Puravankara Limited, said the move reflects a disciplined growth approach and confidence in the long-term fundamentals of Bengaluru’s residential sector. He noted that the strategic acquisition is expected to catalyse the creation of sustainable communities that cater to rising end-user demand.
The Attibele region, located in southern Bengaluru, has emerged as an attractive residential micro-market due to improving infrastructure, enhanced connectivity to major employment hubs, and relatively affordable pricing compared with central city locations. Large, accessible land parcels in this zone are limited, making this acquisition particularly noteworthy for Puravankara’s long-term development plans.
This acquisition also expands Puravankara’s cumulative land portfolio significantly. Earlier in the year, the company had added other strategic parcels in Bengaluru, including a 24.59-acre tract in North Bengaluru and a 5.5-acre plot in East Bengaluru through joint development agreements, all contributing to a combined developable area of approximately 12.76 million square feet with a cumulative GDV of around ₹13,900 crore.
Market experts say Puravankara’s continued focus on augmenting its land bank in Bengaluru comes amid strong demand from end-users and investors alike. The city’s status as a key employment and tech hub, along with expanding infrastructure networks, has kept residential demand robust. Puravankara’s latest acquisition is expected to catalyse future project launches that appeal to both mid-segment and premium homebuyers.
Overall, the acquisition signifies a bold strategic push by Puravankara to leverage emerging growth corridors in Bengaluru, enhancing its development pipeline and reinforcing long-term value creation for stakeholders in one of India’s most dynamic real estate markets.
