Puravankara Limited has announced the acquisition of a 53.5-acre land parcel in Anekal Taluk, Bengaluru, as part of its long-term growth strategy. The acquisition was disclosed on December 23, 2025 and marks another important step in expanding the company’s residential development footprint in one of Bengaluru’s fast-growing corridors.
Location and Project Potential
The acquired land is located in Attibele Hobli, Anekal Taluk, a region that has emerged as a strong residential micro-market due to improving infrastructure and connectivity.
The parcel offers a developable saleable area of approximately 6.4 million square feet (msft). Based on current market estimates, the project carries a potential Gross Development Value (GDV) of over ₹4,800 crore, highlighting its significant revenue potential.
Strategic Importance of the Acquisition
According to the company’s management, the acquisition aligns with Puravankara’s disciplined and capital-efficient growth approach. The focus remains on adding high-quality land parcels in locations with strong end-user demand and limited land availability.
Bengaluru’s ongoing infrastructure upgrades and expanding connectivity continue to support residential demand, making Anekal Taluk a strategic choice for future launches.
Year-to-Date Expansion Highlights (FY26)
This land acquisition substantially strengthens Puravankara’s development pipeline for FY26. Including this transaction and earlier additions made during the first half of the fiscal year across Bengaluru and Mumbai, the company has achieved the following:
Total developable area added YTD: 12.76 msft
Aggregate GDV of YTD additions: Approximately ₹13,900 crore
Earlier in FY26, Puravankara also acquired:
A 24.59-acre parcel in North Bengaluru with an estimated GDV of over ₹3,300 crore
A 5.5-acre parcel in East Bengaluru with a GDV exceeding ₹1,000 crore
These acquisitions underline the company’s strong focus on building a robust pipeline in high-demand urban markets.
About Puravankara Group
Puravankara Group operates through three residential brands—Puravankara, Provident Housing, and Purva Land—and has a presence across nine cities in India.
As of September 30, 2025, the group has completed 93 projects covering nearly 55 million square feet. It currently holds a total land bank of about 32 msft, with ongoing projects aggregating roughly 34 msft, positioning the company well for sustained growth.