Bengaluru-based real estate developer Puravankara has expanded its land portfolio with the acquisition of a large residential parcel in the city’s southern growth belt, reinforcing developer confidence in long-term urban housing demand. The newly acquired site, located in Anekal Taluk, is expected to support a sizeable residential community with a projected gross development value exceeding Rs 4,800 crore, underlining the strategic importance of emerging suburban micro-markets.
Industry observers note that southern Bengaluru has increasingly drawn attention from developers due to improving connectivity, comparatively lower land costs, and sustained end-user demand. The acquired land parcel spans more than 50 acres and offers a substantial development canvas, enabling integrated planning at scale a format that has gained traction as buyers seek better-designed, lower-density residential environments. According to regulatory disclosures, the site provides a saleable potential of over six million square feet. A senior company executive said the acquisition aligns with a disciplined land-banking strategy focused on securing contiguous parcels that allow for phased development and long-term value creation. “Large, well-located land parcels are becoming increasingly scarce in Bengaluru, particularly those capable of supporting planned communities,” the executive noted.
Urban planners tracking the region say Anekal’s appeal lies in its evolving infrastructure profile. Proximity to employment corridors, peripheral road networks, and proposed transit upgrades has strengthened its position as a future-ready residential destination. Analysts add that such locations allow developers to integrate sustainability-led design, including water-sensitive layouts, green buffers, and walkable internal networks, which are becoming critical to market acceptance. The acquisition also adds momentum to Puravankara’s broader expansion strategy across Bengaluru and Mumbai. Over the past year, the developer has steadily increased its developable area through a mix of outright purchases and partnerships, ensuring a balanced pipeline across different price segments and city zones. Sector experts say this measured approach reflects a shift away from speculative land accumulation towards execution-led growth. From a market perspective, Bengaluru’s residential sector continues to show resilience, supported by stable job creation, rising household incomes, and sustained housing demand. While affordability pressures persist in core city areas, peripheral zones such as Anekal are offering a viable alternative for buyers seeking long-term liveability rather than short-term appreciation.
As Indian cities grapple with the twin challenges of housing supply and environmental sustainability, large-format residential developments present both opportunity and responsibility. Thoughtfully planned projects can ease pressure on congested urban cores while setting benchmarks for inclusive, resource-efficient neighbourhoods. How developers translate land acquisitions into resilient urban communities will increasingly shape the future of India’s expanding metropolitan regions.
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Bengaluru Puravankara Acquires 54 Acre Land Parcel With Rs 4,800 Crore GDV Potential
