NEW DELHI: Puravankara has acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru.
Ashish Puravankara, the company’s managing director, stated, “This acquisition is part of our strategy to systematically enhance our launch pipeline with quality developable land across key micro-markets.”
The newly acquired land in Attibele Hobli boasts a saleable area of 6.4 million sq ft, with a potential gross development value (GDV) exceeding ₹4,800 crore.
Mallanna Sasalu, CEO – South, highlighted, “Prior to this acquisition, in H1 FY26, we added a total of 6.36 million sq ft of developable area in Bengaluru and Mumbai, translating to an estimated GDV of ₹9,100 crore. With this latest addition of ₹4,800 crore, our potential GDV rises to ₹13,900 crore, covering a cumulative developable area of 12.76 million sq ft for the year to date.”
This year, the company also partnered with KVN Property Holdings LLP to acquire a 24.59-acre parcel at KIADB Hardware Park in North Bengaluru, providing a developable area of 3.48 million sq ft with a potential GDV of over ₹3,300 crore. Additionally, they are involved in a joint development for a 5.5-acre site in Balegere, East Bengaluru, which offers a developable area of 0.85 million sq ft and a potential GDV of over ₹1,000 crore.
