Puravankara Acquires 53.5-Acre Land Parcel in Anekal, Bengaluru

Puravankara Limited has announced the acquisition of a 53.5-acre land parcel in Anekal Taluk, Bengaluru, marking one of its largest single land deals of the financial year. According to the company, it 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, with a potential gross development value of over Rs 4,800 crores.

Announcing the deal on 23 December 2025, the company said the move is aligned with its strategy to expand across Bengaluru micro-markets, supported by improved infrastructure, strong connectivity, and sustained end-user demand. Ashish Puravankara, Managing Director, Puravankara Limited, said the acquisition is part of the company's ongoing efforts to systematically add quality developable land to its launch pipeline across strategic micro-markets, reflecting a disciplined approach to growth with a long-term view for the organisation.

Mallanna Sasalu, CEO – South, Puravankara Limited, added that the project is located in a micro-market marked by strong end-user demand and limited availability of developable land. He noted that before this acquisition, during H1 FY26, the company had already 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, and that 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.

The Anekal acquisition follows a string of other Bengaluru land deals this financial year. Earlier in 2025, Puravankara partnered 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 Rs 3,300 crores, along with a joint development for a 5.5-acre parcel in Balegere, East Bengaluru, carrying a developable area of 0.85 msft and a potential GDV of over Rs 1,000 crores. The company has since continued this momentum into calendar 2026, acquiring a 9.73-acre parcel at Sanna Ammanikere in North Bengaluru's airport corridor with an estimated GDV of Rs 800 crore, and a 14.57-acre parcel in Mandur-Budigere in East Bengaluru.

Attibele Hobli in Anekal Taluk sits along Bengaluru's southern growth corridor, an area benefiting from proximity to the Bommasandra industrial belt, the Hosur Road stretch, and improving connectivity toward Electronic City and the upcoming peripheral infrastructure projects. Developers have increasingly targeted this belt as land in more established South Bengaluru micro-markets becomes scarcer and costlier, pushing large-scale residential development further along the Anekal-Attibele stretch.

For homebuyers, the acquisition signals a fresh residential launch in South Bengaluru over the coming quarters, though Puravankara has not yet released unit configurations, pricing, or a project name for the Attibele Hobli site. Large land parcels of this scale typically translate into integrated, phased residential communities with amenities, retail, and open spaces built over several years, similar to the company's other large-format developments in the city.

The deal also had an immediate impact on markets, with Puravankara shares rallying sharply following the announcement. This reaction reflects investor confidence in the company's land-banking strategy and its ability to convert acquisitions into launch-ready projects at a time when Bengaluru's residential market continues to see steady employment-led demand.

With the Anekal deal, Puravankara's cumulative FY26 land additions across Bengaluru and Mumbai now stand at approximately 12.76 million sq ft of developable area and a combined GDV of nearly Rs 13,900 crore, positioning the company for a busy launch pipeline through FY27.