On December 23, 2025, Puravankara Limited (NSE: PURVA | BSE: 532891) announced the acquisition of a 53.5-acre land parcel in Attibele Hobli, Anekal Taluk, Bengaluru. The deal carries a potential Gross Development Value (GDV) of over Rs 4,800 crore, making it one of the largest single land additions in the company's Bengaluru portfolio this financial year.
The market reaction was swift and emphatic. The announcement on December 23, 2025, had an immediate and positive impact on Puravankara's stock, with shares surging over 13% in early trading, with some reports noting an intra-day high of nearly 19% to Rs 287.30 per share. According to BusinessToday, shares of Puravankara gained as much as 14 per cent to touch the day's high in Tuesday's trade on the BSE, with the counter last trading 12.37 per cent higher at Rs 270.30 against its previous close of Rs 240.55 apiece. Notably, this rally marked the largest single-day gain for the stock since July 2025, when it had closed 11.32 per cent higher on July 29, 2025.
The newly acquired parcel offers substantial development potential. The parcel at Attibele Hobli offers a saleable area of 6.4 million sq ft, with a potential gross development value of over Rs 4,800 crores. This location was specifically chosen for its growth fundamentals. Mallanna Sasalu, CEO – South at Puravankara, explained the rationale, noting that the project is located in a micro-market marked by strong end-user demand and limited availability of developable land.
Managing Director Ashish Puravankara framed the deal within the company's broader growth philosophy. He stated that this acquisition is part of the company's ongoing efforts to systematically add quality developable land to its launch pipeline across strategic micro-markets. He further added that it reflects a disciplined approach to growth with a long-term view for the organisation, and confidence in the fundamentals of these markets to create large, sustainable communities.
This Anekal acquisition is the latest in a string of aggressive land-banking moves by Puravankara through the current financial year. Earlier acquisitions include a 24.59-acre parcel at KIADB Hardware Park, North Bengaluru, in partnership with KVN Property Holdings LLP, offering 3.48 msft of developable area and a GDV of over Rs 3,300 crores, and a 5.5-acre joint development in Balegere, East Bengaluru, with 0.85 msft of developable area and a GDV of over Rs 1,000 crores. With the Anekal deal added, the year-to-date developable area rises to 12.76 million sq ft, with a combined GDV of Rs 13,900 crores across Bengaluru and Mumbai.
The scale of this expansion becomes clearer against the backdrop of Puravankara's overall FY26 performance. The company reported strong Q3FY26 performance with pre-sales of Rs 1,414 crores (17% YoY growth) and collections of Rs 1,140 crores (22% YoY growth), expanding its portfolio significantly during 9MFY26 by adding over 12.76 million square feet of developable area worth Rs 13,900 crores GDV through strategic acquisitions across Bengaluru and Mumbai. The company also continues to deliver on existing commitments, having delivered 1,116 homes during the quarter and launched the Purva Silversky project with 356 homes.
For homebuyers, the Anekal Taluk acquisition points to a large master-planned residential community taking shape in Attibele, an area benefiting from improving connectivity via Hosur Road (NH 44) and proximity to Electronic City. While specific unit configurations, pricing, and launch timelines have not yet been disclosed, the scale of the land parcel and its GDV suggest a township-style development is likely, similar to Puravankara's other large-format 'Purva' branded communities. Interested buyers and investors should watch for further announcements on project structure and RERA registration as Puravankara moves this land bank toward launch.
