Bengaluru-based developer Puravankara Limited has acquired a 53.5-acre land parcel in Attibele Hobli, Anekal Taluk, adding approximately 6.4 million sq ft of saleable area to its portfolio. The acquisition, with a potential gross development value (GDV) exceeding INR 4,800 crore, is part of the company’s strategic push to strengthen its land pipeline in high-growth micro-markets, supporting future residential developments in Bengaluru.
Industry experts note that Bengaluru continues to witness robust residential demand, driven by infrastructure improvements, connectivity, and growing urbanisation. “Strategic land acquisitions such as this position developers to respond to evolving buyer preferences while enabling planned, sustainable growth,” an official from a real estate consultancy observed. This purchase builds on Puravankara’s earlier expansions in Bengaluru, including a 24.59-acre site in North Bengaluru’s KIADB Hardware Park and a 5.5-acre joint development parcel in East Bengaluru. Together, these additions significantly enhance the group’s developable area and GDV potential, reinforcing its presence in key growth corridors and positioning it to address long-term residential demand efficiently. The Anekal site is strategically located near emerging residential and industrial zones, offering connectivity advantages and opportunities for integrated township development.
According to analysts, developers in these corridors are increasingly focusing on sustainable design, green open spaces, and inclusive housing options to appeal to a diverse buyer base. Puravankara’s acquisition aligns with this trend, suggesting potential for future projects that integrate environmental sustainability, energy efficiency, and community-friendly planning. Puravankara has historically expanded through judicious land purchases and redevelopment ventures, emphasising long-term growth rather than short-term returns. By integrating this parcel with prior acquisitions, the company can offer a diversified portfolio of housing products, optimise development timelines, and meet market demand without excessive speculative risk. “Developers are recognising the value of strategically located land with connectivity and infrastructure support,” said an industry expert. “Such acquisitions not only boost project feasibility but also contribute to balanced urban growth by facilitating well-planned, sustainable residential communities.”
The acquisition also reflects the broader evolution of Bengaluru’s real estate market, where large-scale, well-located land parcels are increasingly critical to meeting urban housing needs. By expanding its land bank in emerging corridors, Puravankara is better positioned to launch projects that address both market demand and sustainable urban development goals.
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Bengaluru Puravankara Buys 53 Acre Land To Boost Residential Development
