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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..