Puravankara expands Bengaluru portfolio with major land acquisition

Puravankara Limited announced the acquisition of a 53.5-acre land parcel in Anekal Taluk, Bengaluru, with a potential gross development value (GDV) exceeding Rs 4,800 crores. This acquisition, completed on December 23, 2025, adds 6.4 million sq ft of saleable area and aligns with the company's strategy to expand across key Bengaluru micro-markets.

This latest acquisition brings Puravankara's total developable area added year-to-date in FY26 to 12.76 million sq ft, with a combined potential GDV of Rs 13,900 crores. Earlier in FY26, the company had already added 6.36 million sq ft across Bengaluru and Mumbai, with an estimated GDV of Rs 9,100 crores.

The company also highlighted previous strategic acquisitions this year, including a partnership for a 24.59-acre parcel at KIADB Hardware Park in North Bengaluru (3.48 million sq ft, potential GDV over Rs 3,300 crores) and a joint development for a 5.5-acre parcel in Balegere, East Bengaluru (0.85 million sq ft, potential GDV over Rs 1,000 crores).