Puravankara Buys 53.5 Acres In Bengaluru Growth Hub

26 Dec 2025 CW Team

Commenting on the development, Ashish Puravankara, Managing Director of Puravankara Limited, said the acquisition forms part of the company’s systematic approach to adding high-quality developable land to its launch pipeline across strategic locations. He added that the move reflects a disciplined, long-term growth strategy and confidence in the underlying fundamentals of these markets to create large and sustainable communities.

The newly acquired land parcel at Attibele Hobli is strategically located and offers a saleable area of 6.4 million square feet, with a potential gross development value of over Rs 48 billion.

Providing further context, Mallanna Sasalu, CEO – South, Puravankara Limited, said the project is located in a micro-market characterised by strong end-user demand and limited availability of developable land. He noted that during the first half of FY26, the company added a total of 6.36 million square feet of developable area across Bengaluru and Mumbai, with an estimated gross development value of Rs 91 billion. With the addition of the Attibele project, the potential gross development value rises to Rs 139 billion, while the total developable area for the year to date increases to 12.76 million square feet.

Earlier in the year, Puravankara also advanced its Bengaluru expansion through other strategic acquisitions. These include a partnership with KVN Property Holdings LLP for a 24.59-acre parcel at KIADB Hardware Park in North Bengaluru, offering a developable area of 3.48 million square feet and a potential gross development value of over Rs 33 billion. The company also entered into 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.

Puravankara Limited has acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru, strengthening its presence in one of the city’s emerging residential growth corridors. The acquisition aligns with the company’s strategy to expand across key Bengaluru micro-markets supported by improving infrastructure, strong connectivity and sustained end-user demand. Commenting on the development, Ashish Puravankara, Managing Director of Puravankara Limited, said the acquisition forms part of the company’s systematic approach to adding high-quality developable land to its launch pipeline across strategic locations. He added that the move reflects a disciplined, long-term growth strategy and confidence in the underlying fundamentals of these markets to create large and sustainable communities. The newly acquired land parcel at Attibele Hobli is strategically located and offers a saleable area of 6.4 million square feet, with a potential gross development value of over Rs 48 billion. Providing further context, Mallanna Sasalu, CEO – South, Puravankara Limited, said the project is located in a micro-market characterised by strong end-user demand and limited availability of developable land. He noted that during the first half of FY26, the company added a total of 6.36 million square feet of developable area across Bengaluru and Mumbai, with an estimated gross development value of Rs 91 billion. With the addition of the Attibele project, the potential gross development value rises to Rs 139 billion, while the total developable area for the year to date increases to 12.76 million square feet. Earlier in the year, Puravankara also advanced its Bengaluru expansion through other strategic acquisitions. These include a partnership with KVN Property Holdings LLP for a 24.59-acre parcel at KIADB Hardware Park in North Bengaluru, offering a developable area of 3.48 million square feet and a potential gross development value of over Rs 33 billion. The company also entered into 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.

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