Bengaluru-based real estate developer Puravankara Limited has acquired a 53.5-acre parcel of land in Anekal Taluk, Bengaluru. This comes as the company has been focusing more on expanding in Bengaluru’s micro markets. The land parcel in Attibele Hobli has a saleable area of 6.4 msft and a potential gross development value of over ₹4,800 crore.
Ashish Puravankara, Managing Director, Puravankara Limited, said, “This acquisition is part of our ongoing efforts to systematically add quality developable land to our launch pipeline across strategic micro-markets.”
Mallanna Sasalu, CEO – South, Puravankara Limited, said, “The project is located in a micro-market marked by strong end-user demand and limited availability of developable land. Before this acquisition, during H1 FY26, we added a total of 6.36 million sq ft of developable area in Bengaluru and Mumbai, with an estimated gross development value of ₹9,100 crore. With this acquisition, the potential GDV has grown to ₹13,900 crore and the developable area to 12.76 msft for the year to date.”
The company has also made some strategic bets, including partnering with KVN Property Holdings LLP for a 24.59-acre parcel at KIADB Hardware Park in North Bengaluru, with a developable area of 3.48 msft and a potential GDV of over ₹3,300 crore, as well as a joint development for a 5.5-acre parcel in Balegere, East Bengaluru, with a developable area of 0.85 msft and a potential GDV of over ₹1,000 crore,” he further added.
Published on December 23, 2025