Puravankara, a Bengaluru-based listed real estate developer, has acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru, with a potential gross development value (GDV) of over Rs 4,800 crore.

The site, located at Attibele Hobli, offers a saleable area of approx. 6.4 million sq. ft. and is planned to be developed into a large residential community. Ashish Puravankara, the managing director, emphasized that this acquisition is part of the company's strategy to systematically add quality land to its launch pipeline across strategic markets. "It reflects our disciplined approach to growth and our confidence in the long-term fundamentals of these markets," he said.

With this purchase, the company’s total developable area for the year now stands at 12.76 million sq ft, with a cumulative GDV of nearly Rs 13,900 crore across Bengaluru and Mumbai. The Anekal micro-market is experiencing strong demand, but large land parcels are limited, making this acquisition strategically important.