Bengaluru-based real estate developer Puravankara Limited has acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru, marking a significant addition to its residential development pipeline. The site, located at Attibele Hobli, offers a saleable area of approximately 6.4 million square feet and carries a potential gross development value (GDV) of over ₹4,800 crore, according to company filings.
The acquisition is part of Puravankara’s strategic approach to systematically expand its land holdings in high-demand micro-markets. A senior company official highlighted that the move ensures a steady launch pipeline while enabling the creation of sustainable, large-scale residential communities designed for long-term urban growth. Puravankara’s CEO for South India added that with this purchase, the company’s year-to-date additions now total around 12.76 million square feet of developable area, with an estimated cumulative GDV of nearly ₹13,900 crore across Bengaluru and Mumbai. This follows the first half of FY26, during which the company added 6.36 million square feet with a GDV of ₹9,100 crore, underscoring its aggressive expansion strategy in key urban markets.
The Anekal micro-market has been identified as a high-potential zone, with strong end-user demand but limited availability of large, contiguous land parcels. The new acquisition therefore not only reinforces Puravankara’s residential offerings but also positions the developer to meet the growing housing demand sustainably. Experts in urban development note that strategic land consolidation in such micro-markets enables developers to plan integrated communities, with amenities, open spaces, and transit-oriented designs, aligning with the broader vision of equitable and environmentally conscious urbanisation. The site is expected to be developed into a large residential community with a mix of housing typologies, reflecting the company’s commitment to inclusive and sustainable urban growth. Analysts suggest that such acquisitions strengthen developers’ ability to deliver large-scale projects efficiently, balancing market demand with long-term city planning objectives.
With Bengaluru continuing to witness rapid urbanisation, this acquisition reinforces the city’s position as a preferred investment destination for residential developers. Puravankara’s disciplined approach to land acquisition, combined with its focus on sustainable community planning, aligns with broader trends in creating zero-carbon, inclusive, and well-planned urban neighbourhoods.
Puravankara Secures 54 Acre Land In Bengaluru With GDV Rs 4800 Crore
