Puravankara adds 53.5 acres to land bank in Bengaluru; stock jumps over 16%

Puravankara Limited, the real estate company, announced that it has acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru. The acquisition marks a significant addition to the company's growing residential portfolio.

Puravankara 53.5-acre land acquisition details

Puravankara seeks to reinforce its position in the Anekal area of Bangalore through this acquisition, a move that is in line with the company's current expansion strategy across key micro-markets of Bengaluru. The land, which is situated in Attibele Hobli, will yield an approximate total saleable area of 6.4 million sq ft and possess an estimated GDV of over Rs 4,800 crore during development.

According to the company, the investment is backed by improving infrastructure, strong connectivity, and robust end-user demand in the area.

Commenting on the development, Ashish Puravankara, Managing Director, Puravankara Limited, said the acquisition reflects the company’s disciplined and long-term approach to growth. “This acquisition is part of our ongoing efforts to systematically add quality developable land to our launch pipeline across strategic micro-markets. It underscores our confidence in the strong fundamentals of these markets and our focus on creating large, sustainable communities,” he said.

Mallanna Sasalu, CEO, South, Puravankara Limited, highlighted the strategic importance of the micro-market, noting that it is characterised by strong end-user demand and limited availability of developable land. He added that during the first half of FY26, the company added 6.36 million square feet of developable area across Bengaluru and Mumbai, with a combined estimated GDV of Rs 9,100 crore.

“With the addition of another Rs 4,800 crore from this acquisition, Puravankara’s total potential GDV for FY26 to date has increased to approximately Rs 13,900 crore, while the total developable area has grown to 12.76 million square feet,” Sasalu said.

Puravankara investment history

Earlier this year, the company also advanced its Bengaluru expansion plans through several strategic acquisitions. Among these, a collaboration has been made with KVN Property Holdings LLP for a 24.59-acre land parcel located in KIADB Hardware Park, North Bengaluru, where the total area for development amounts to 3.48 million square feet and the whole estimated GDV shall be more than Rs 3,300 crore.

Moreover, Puravankara has formed a joint venture for a 5.5-acre site in Balegere, East Bengaluru, with a development potential of 0.85 million square feet and a possible GDV surpassing Rs 1,000 crore.

Puravankara share price

Shares of Puravankara Ltd rallied on Tuesday's trading session after the company's land acquisition announcement. As of 1:45 pm, the stock was trading at Rs 280.70, up by 16.69 per cent from the previous close of Rs 240.55.