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.

Infrastructure Transport

26 Dec 2025

RRTS emerges as key growth driver for real estate and mobility: Knight Frank

India’s Regional Rapid Transit System (RRTS) is emerging as a major catalyst for urban growth and investment, with strong demand from commuters and rising interest from real estate investors, according to a new report by Knight Frank India.Titled “Regional Rapid Transit System: Testing the Commuters’ Pulse”, the study highlights that nearly 66 per cent of surveyed respondents are willing to purchase property along RRTS corridors, while 80 per cent associate improved connectivity with enhanced economic opportunities. The findings underline the growing role of high-speed regional transit..

Infrastructure Transport

26 Dec 2025

Centre To Set Up Bureau Of Port Security

The government will constitute a dedicated Bureau of Port Security (BoPS) to oversee the security of vessels and port facilities across India, official sources said on Friday. The move is aimed at strengthening maritime security through a centralised and specialised institutional framework. Union Home Minister Amit Shah chaired a meeting on the constitution of BoPS, which was attended by Sarbananda Sonowal, Union Minister for Ports, Shipping and Waterways, and Ram Mohan Naidu, Minister of Civil Aviation. During the discussions, Mr Shah underlined the need for a robust and future-ready port se..

Infrastructure Energy

26 Dec 2025

Adani Eyes AI Data Centres And Nuclear Power

The Adani Group is planning an aggressive expansion of artificial intelligence data centres and the energy infrastructure required to support them, including the possible development of nuclear power plants, according to comments by Jeet Adani to Nikkei Asia. Jeet Adani, the youngest son of billionaire Gautam Adani, said data centres have emerged as a major growth engine for the group, with current expansion already exceeding targets earlier set for 2030. Demand for AI-led infrastructure continues to rise rapidly, he noted, adding that India is well positioned to host global AI data centres d..