Puravankara Share Price Rises 11%; Acquires 53.5 Acres in Bengaluru’s Emerging Residential Corridor

Puravankara Limited has acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru. The acquisition reinforces the company’s presence in one of the city’s emerging residential growth corridors and aligns with its strategy to expand across key micro-markets in Bengaluru.

Strategic Location and Development Potential

The newly acquired land at Attibele Hobli offers a saleable area of 6.4 million square feet. With modern infrastructure, strong connectivity, and growing end-user demand, the site presents a potential gross development value of over ₹4,800 crore. The location is expected to attract residential demand due to its proximity to key transit routes and upcoming amenities.

Commenting on the development, Ashish Puravankara, Managing Director, Puravankara Limited, 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.” 

Mallanna Sasalu, CEO - South, Puravankara Limited, said, “The project is located in a micro-market marked by strong end-user demand and limited availability of developable land. Before this acquisition, during H1 FY26, we added a total of 6.36 million sq ft of developable area in Bengaluru and Mumbai, with an estimated gross development value of Rs 9,100 crores. The addition of another Rs 4,800 crores brings the potential GDV to Rs 13,900 crores and the developable area to 12.76 msft for the year to date.” 

“Earlier this year, we also advanced our Bengaluru growth plans through strategic acquisitions. This includes partnering 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 msft and a potential GDV of over Rs 3,300 crores, as well as a joint development for a 5.5-acre parcel in Balegere, East Bengaluru, with a developable area of 0.85 msft and a potential GDV of over Rs 1,000 crores,” he further added.

Puravankara Share Price Performance

On December 23, 2025, Puravankara share price (NSE: PURVA) opened at ₹243.55, up from its previous close of ₹241.15. At 10:57 AM, the share price of Puravankara was trading at ₹269.82, up by 11.89% on the NSE.

Also Read: JM Financial AMC Expands into Real Estate with New ₹1,000 Crore AIF!

Conclusion

This strategic acquisition underscores Puravankara’s commitment to strengthening its Bengaluru portfolio and tapping into high-growth residential corridors. The project is poised to deliver substantial value and meet the increasing housing needs of the city.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.