Bengaluru-based real estate developer Puravankara Limited has strengthened its residential development pipeline with the acquisition of a 53.5-acre land parcel in Anekal Taluk, Bengaluru, with a potential gross development value (GDV) exceeding ₹4,800 crore. The acquisition reflects the company's continued focus on expanding its presence across high-growth residential micro-markets in the city.

The newly acquired land parcel is located in Attibele Hobli, Anekal Taluk, and offers a saleable area of approximately 6.4 million square feet. Puravankara plans to develop the site into a large integrated residential community, catering to strong end-user demand in the southern Bengaluru corridor.

According to the company, the Anekal micro-market has been witnessing rising residential demand, supported by improving connectivity and infrastructure. However, the availability of large, contiguous land parcels in the region remains limited, making this acquisition strategically significant for long-term development.

Commenting on the acquisition, Ashish Puravankara, Managing Director of Puravankara Limited, said the purchase aligns with the company's disciplined land acquisition strategy. He noted that the deal is part of ongoing efforts to systematically add high-quality developable land across strategic micro-markets, reinforcing confidence in the long-term fundamentals of Bengaluru's residential real estate market.

The company believes such acquisitions enable the creation of large, sustainable communities while ensuring a steady pipeline of future project launches.

With this transaction, Puravankara's year-to-date land additions now stand at approximately 12.76 million square feet of developable area, carrying a cumulative GDV of nearly ₹13,900 crore across Bengaluru and Mumbai.

Mallanna Sasalu, CEO - South, Puravankara, highlighted that during the first half of FY26, the company added 6.36 million square feet of developable area with an estimated GDV of ₹9,100 crore. The addition of the Anekal project, with a GDV of over ₹4,800 crore, further strengthens the company's launch pipeline for the ongoing financial year.

Puravankara has been actively expanding its footprint across multiple Bengaluru micro-markets. Earlier this year, the company entered into a partnership with KVN Property Holdings LLP to develop a 24.59-acre parcel at KIADB Hardware Park in North Bengaluru, offering a developable area of around 3.48 million square feet and a GDV exceeding ₹3,300 crore.

In East Bengaluru, the developer also entered into a joint development agreement for a 5.5-acre land parcel in Balegere, with a developable area of approximately 0.85 million square feet and a GDV of over ₹1,000 crore.

These acquisitions collectively underline the company's strategy of building a diversified and geographically balanced portfolio within Bengaluru's key residential growth corridors.

Bengaluru continues to remain one of India's most resilient residential real estate markets, driven by steady employment growth, a strong technology ecosystem, and sustained end-user demand. Developers are increasingly focusing on acquiring large land parcels to enable phased, large-scale residential developments that offer long-term value.

Puravankara's latest acquisition in Anekal Taluk positions the company to capitalise on this demand while ensuring a robust pipeline of future residential launches.

The acquisition of a 53.5-acre land parcel in Anekal Taluk with a GDV of over ₹4,800 crore marks a significant step in Puravankara's expansion strategy in Bengaluru. Backed by strong year-to-date additions, multiple large land deals, and a growing launch pipeline, the company continues to reinforce its position as a key player in Bengaluru's residential real estate landscape.