Puravankara Shares Surge 13% on ₹4,800 Crore Bengaluru Land Deal

Introduction

Shares of Puravankara Ltd. surged over 13% after the real estate developer announced a significant land acquisition in Bengaluru. The company has acquired a 53.5-acre land parcel in Anekal Taluk, a rapidly developing residential corridor. This strategic move is expected to generate a potential Gross Development Value (GDV) of over ₹4,800 crore, significantly strengthening the company's project pipeline for the fiscal year.

Immediate Market Reaction

The announcement was met with strong investor confidence, triggering a sharp rally in Puravankara's stock. On Tuesday, December 23, the share price jumped more than 13%, reaching an intra-day high. The positive market response underscores the perceived value of the acquisition and its alignment with the company's growth strategy in high-demand urban markets.

Details of the Land Acquisition

The newly acquired land is located at Attibele Hobli in Anekal Taluk, an area recognized for its emerging residential potential. The parcel spans 53.5 acres and offers a total saleable area of approximately 6.4 million square feet. This acquisition is one of the largest single additions to Puravankara's portfolio in Bengaluru, a key market for the developer. The location benefits from improving infrastructure, strong connectivity, and sustained demand from homebuyers, making it a prime spot for a large-scale residential community.

A Strategic Boost to FY26 Growth

This acquisition is a cornerstone of Puravankara's expansion plans for the fiscal year 2026. According to Mallanna Sasalu, CEO South at Puravankara Ltd., the company has been actively expanding its land bank. During the first half of FY26, Puravankara had already added 6.36 million square feet of developable area across Bengaluru and Mumbai, with an estimated GDV of ₹9,100 crore. The Anekal project significantly enhances these figures.

With this new addition, Puravankara's total developable area added for the year to date increases to 12.76 million square feet, and the cumulative potential GDV rises to ₹13,900 crore.

| FY26 Development Pipeline Additions (Year-to-Date) | | :--- | :--- | | Metric | Value | | H1 FY26 Developable Area | 6.36 million sq. ft. | | H1 FY26 Potential GDV | ₹9,100 crore | | Anekal Project Developable Area | 6.4 million sq. ft. | | Anekal Project Potential GDV | ₹4,800 crore | | Total Developable Area | 12.76 million sq. ft. | | Total Potential GDV | ₹13,900 crore |

Consistent Expansion in Bengaluru

The Anekal acquisition is part of a broader, consistent strategy to deepen its presence across Bengaluru's key micro-markets. Earlier in the year, Puravankara undertook other strategic projects in the city:

• North Bengaluru: A partnership with KVN Property Holdings LLP for a 24.59-acre parcel at KIADB Hardware Park. This project has a developable area of 3.48 million square feet and a potential GDV of over ₹3,300 crore.
• East Bengaluru: A joint development agreement for a 5.5-acre parcel in Balegere. This project offers a developable area of 0.85 million square feet with a potential GDV exceeding ₹1,000 crore.

These moves demonstrate a clear focus on securing quality land parcels in locations with high growth potential and strong end-user demand.

Management's Vision

Ashish Puravankara, Managing Director of Puravankara Limited, commented on the acquisition, stating, "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 further added that the project is situated in a micro-market characterized by strong end-user demand and a limited supply of developable land, reinforcing the strategic importance of the acquisition.

Company Profile and Outlook

Founded in 1975, Puravankara Limited has grown to become one of India's most trusted real estate developers. Headquartered in Bengaluru, the company has a significant presence across major Indian cities and has also expanded internationally. The group operates through distinct brands, including Puravankara for premium housing, Provident Housing for the affordable segment, and Purva Land for plotted development.

This latest acquisition solidifies Puravankara's growth trajectory. By focusing on high-potential micro-markets and maintaining a disciplined approach to land acquisition, the company is well-positioned to capitalize on the sustained demand in the Indian residential real estate sector. The substantial increase in its development pipeline is expected to drive future revenue and strengthen its market leadership.

Conclusion

Puravankara's acquisition of 53.5 acres in Bengaluru is a significant strategic move that has been well-received by the market. With a potential GDV of ₹4,800 crore, the project not only enhances the company's FY26 development pipeline but also reinforces its commitment to building large-scale residential communities in India's key growth corridors. Investors will be watching closely as the company moves forward with the development of this and other recently acquired parcels.