Puravankara Ltd Buys 53-Acre Bengaluru Land with ₹4,800 Cr GDV; S͏hares Rise 

Mumbai, 23rd December 2025: Real estate developer – Puravankara Limited (NSE: PURVA | BSE: 532891) has announced a major land acquisition of 53.5 acres in Anekal Taluk, Bengaluru, augmenting its presence in one of the emerging residential corridors of the city. The newly bought plot has a saleable area of 6.4 million square feet (msft) and an estimated gross development value (GDV) of more than ₹4,800 crore, according to the company’s regulatory filing. 

Following the news the shares of the company rose 10.66% on the NSE as of 12:50 PM 

53͏.5-͏Acre Bengaluru Acquisition Ad͏ds ₹4,800 Cro͏re GD͏V͏ t͏o͏ Pu͏rav͏ankara’͏s͏ Re͏side͏n͏tial Pi͏pe͏line͏ 

The Attibele Hobli land parcel further strengthens Puravankara’s foothold in the Bengaluru-based sub-urban markets that are on the rise owing to impr͏oving͏ infrastructure, connectivity and end-user demand. The acquisition aligns with the company’s stated strategy to steadily adding͏ prime developable land for its launch pipeline in major growth areas in the city. 

Developable Area Expands to 12.76 msft Year-to-Date as Addition to Land Bank Accelerates 

Before this deal, Puravankara had added 6.36 msft of developable area during the first half of FY26 in the cities of Bengaluru and Mumbai, with a potential GDV of ₹9,100 crore. The inclusion of the Attibele Hobli block augments the year-to-date developable area to 12.76 msft, while the total potential GDV expands to ₹13,900 crore, marking a significant leap in the company’s development pipeline in the current financial year. 

Earlier͏͏ Bengaluru Deals͏ Add Over ₹4,300 Crore GDV ͏Across ͏N͏͏o͏rt͏h a͏͏nd East͏ ͏Micr͏o-Market͏s 

The company also highlighted previously announced strategic acquisitions made in the year to enhance its Bengaluru presence. These are a collaboration with KVN Property Holdings LLP for a 24.59-acre plot at KIADB Hardware Park, North Bengaluru, with a potential developable area of 3.48 msft and a potential GDV of over ₹3,300 crore. Further, a joint development on a 5.5-acre land parcel at Ba Chilgadej in East Bengaluru which added 0.85 msft of developable area with a GDV exceeding ₹1,000 crore. 

Puravankara Shares Rallies Over 10% in Mid ͏Day Trade After Land Deal 

Purvankara share price rallied on 23 December 2025 following the announcement of land acquisition. The scrip was trading at ₹266.85 at 12:23 pm IST, which was up by ₹25.7 or 10.66% for the dаy. The shares started trading at ₹243.5͏5.͏ The compаny’s market capitalisaton was ₹6͏.33 trillion. The stock has a 52-week high of ₹415͏.00 and a 52-wеek low of ₹͏208.7͏0. 

References 

• https://www.bseindia.com/xml-data/corpfiling/AttachLive/256d72c5-14ae-42b2-9efe-991967aaa855.pdf 
• https://www.nseindia.com/get-quote/equity/PURVA/Puravankara-Limited 

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