Acquisitions23 Dec 2025, 09:09 am
Puravankara Acquires 53-Acre Land Parcel in Bengaluru with GDV of Over Rs 4,800 Crores
AI Summary
Puravankara Limited, a trusted real estate developer, has acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru. The acquisition, aligned with the company's growth strategy, is expected to add a potential gross development value of over Rs 4,800 crores. The new project is strategically located and caters to strong end-user demand in the region.
Key Highlights
- Puravankara Limited has acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru.
- The acquisition is expected to add a potential gross development value of over Rs 4,800 crores.
- The project is strategically located in a micro-market with strong end-user demand and limited availability of developable land.
- In H1 FY26, Puravankara added a total of 6.36 million sq ft of developable area in Bengaluru and Mumbai.
- The company has also made other strategic acquisitions in Bengaluru earlier this year.