Puravankara Limited has acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru, further strengthening its presence in one of the city's emerging residential growth corridors. The newly acquired land parcel at Attibele Hobli is strategically located and has a saleable area of 6.4 msft. The deal carries a potential gross development value of over Rs 4,800 crores.
The news moved markets almost immediately. Following the news the shares of the company rose 10.66% on the NSE as of 12:50 PM. Analysts pointed to the scale of the parcel and its location as key reasons for the reaction, given that the property plot is situated in Attibele Hobli, which is a rapidly expanding residential micro-market in the southern part of Bengaluru.
Commenting on the acquisition, Ashish Puravankara, Managing Director of 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." He added that the move reflects our disciplined approach to growth with a long-term view for the organisation, and also confidence in the fundamentals of these markets to create large, sustainable communities.
Mallanna Sasalu, CEO-South at Puravankara, provided additional context on the micro-market's fundamentals, noting that the project is located in a micro-market characterised by strong end-user demand and limited availability of developable land. He also outlined the company's momentum for the fiscal year, stating that 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 Rs 9,100 crores. With the Anekal parcel added, the addition of another Rs 4,800 crores brings the potential GDV to Rs 13,900 crores and the developable area to 12.76 msft for the year to date."
This is not an isolated move. Earlier in FY26, Puravankara had already deepened its Bengaluru footprint through a collaboration with KVN Property Holdings LLP for a 24.59-acre plot at KIADB Hardware Park, North Bengaluru, with a potential developable area of 3.48 msft and a potential GDV of over Rs 3,300 crore, along with a joint development for a 5.5-acre parcel in Balegere, East Bengaluru, with a developable area of 0.85 million square feet and a potential gross development value of over Rs 10 billion.
The expansion has continued well beyond the Anekal deal. In May 2026, the company secured a 14.57-acre land parcel located in Mandur, Budigere in Bengaluru with a potential gross development value of around Rs 2,300 crore, taking its total landbank – developable area in Bengaluru to 25.61 msft. This was followed in June 2026 by the acquisition of a 9.73-acre land parcel at Sanna Ammanikere in North Bengaluru's fast-developing airport corridor, with a development potential of approximately 0.89 million sq ft and an estimated gross development value of Rs 800 crore.
For homebuyers, this steady stream of land acquisitions signals a broader launch pipeline across Bengaluru's peripheral growth corridors over the next few years. Anekal, in particular, is drawing developer interest because it has increasingly drawn attention from developers due to its proximity to key employment hubs, industrial zones, and arterial road networks, and benefits from planned infrastructure upgrades and improving civic amenities. As Puravankara converts these land banks into active launches, buyers can expect a wider choice of configurations and price points across South, North and East Bengaluru in the coming quarters, though specific project names, RERA numbers and pricing for the Anekal parcel are yet to be announced.
The company's overall financial performance underlines the pace of this expansion. In Q4 FY26, Puravankara posted a net profit of Rs 111 crore, a rise of 226 per cent over the same period of last year, revenue of Rs 1,541 crore, an increase of 173 per cent year-on-year, and sales at a record high of Rs 3,547 crore, an increase of 190 per cent over the same period of last year, giving it the balance sheet strength to keep adding land through both outright purchases and joint developments.
