Puravankara Acquires 53.5-Acre Land in Anekal, Bengaluru for ₹4,800 Cr GDV
Large-Scale South Bengaluru Acquisition Signals Puravankara Expansion
Puravankara Limited acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru, further strengthening its presence in one of the city's emerging residential growth corridors, the developer announced on 23 December 2025. The property is situated in Attibele Hobli, which is a rapidly expanding residential micro-market in the southern part of Bengaluru.
The newly acquired plot has a saleable area of 6.4 million square feet and an estimated gross development value of more than ₹4,800 crore. The acquisition marks the addition of another ₹4,800 crores to GDV and brings the potential GDV to ₹13,900 crores and the developable area to 12.76 million sq ft for the year to date.
Strategic Expansion Across Bengaluru Micro-Markets
The acquisition is aligned with the company's strategy to expand across Bengaluru micro-markets, supported by improved infrastructure, strong connectivity, and sustained end-user demand. According to Mallanna Sasalu, CEO – South at Puravankara, "The project is located in a micro-market marked by strong end-user demand and limited availability of developable land."
The Anekal acquisition is one of three major land additions by Puravankara in Bengaluru during 2025–26. Earlier in the year, the developer partnered with KVN Property Holdings LLP for a 24.59-acre parcel at KIADB Hardware Park in North Bengaluru, with a developable area of 3.48 million sq ft and a potential GDV of over ₹3,300 crores. In East Bengaluru, Puravankara also entered into a joint development agreement for 5.5 acres of land in Balegere, with a development potential of approximately 0.85 million sq ft and GDV over ₹1,000 crores.
Anekal as a Growth Corridor
Positioned along the Chandapura–Anekal–Attibele Road and linked to key IT corridors like Electronic City and Sarjapur, Anekal offers easy access to major employment hubs without the premium pricing of core city areas. The micro-market has been identified as a prime residential growth route because of more affordable pricing, enhanced infrastructure, and proximity to job centers.
A planned international cricket stadium covering an area of 75 acres will be the second biggest cricket stadium in India and could emerge as a major catalyst for infrastructure and real estate growth in the region. Upcoming connectivity improvements, particularly through the proposed Satellite Town Ring Road (STRR), could further strengthen the investment appeal of Anekal and surrounding southern Bengaluru micro-markets.
Developer's Long-Term Approach
Ashish Puravankara, Managing Director, said "This acquisition is part of our ongoing efforts to systematically add quality developable land to our launch pipeline across strategic micro-markets. This reflects our disciplined approach to growth with a long-term view for the organisation, and also confidence in the fundamentals of these markets to create large, sustainable communities."
Founded in 1975, Puravankara Limited is one of India's most admired and trusted developers with projects in Bengaluru, Chennai, Kochi, Coimbatore, Hyderabad, Mysore, and Kolkata. The company operates multiple residential brands, including its flagship Puravankara line and Provident Housing Ltd., a wholly owned subsidiary launched in 2008, which addresses the needs of mid-income homeowners.