Puravankara Ltd Share Price – NSE  / BSE

Realty, Small Cap

The company said the acquisition aligns with its strategy to expand across key Bengaluru micro-markets, driven by improving infrastructure, enhanced connectivity, and sustained end-user demand for residential housing.

Anekal Taluk has been witnessing increased real estate activity due to its proximity to major employment hubs and upcoming infrastructure developments, making it an attractive destination for residential projects.

Puravankara continues to focus on land acquisitions in high-growth locations to support its long-term development pipeline and reinforce its footprint in core urban markets.

Commenting on the development, Ashish Puravankara, MD, Puravankara, said the acquisition forms part of the company?s strategy to systematically add quality developable land to its launch pipeline across strategic micro-markets.

?This reflects our disciplined approach to growth with a long-term view for the organisation, and our confidence in the fundamentals of these markets to create large, sustainable communities,? he said.

The newly acquired land parcel at Attibele Hobli is strategically located and offers a saleable area of 6.4 million sq ft, with a potential gross development value (GDV) of over Rs 4,800 crore, the company said.

Adding further context, Mallanna Sasalu, CEO ? South, Puravankara Limited, said the project is located in a micro-market characterised by strong end-user demand and limited availability of developable land.

?Prior to 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 crore. The addition of another Rs 4,800 crore takes the potential GDV to Rs 13,900 crore and the developable area to 12.76 million sq ft for the year-to-date,? he said.

He further added that earlier this year, the company advanced its Bengaluru expansion plans through strategic acquisitions, including a partnership 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 million sq ft and a potential GDV of over Rs 3,300 crore. This was followed by a joint development of a 5.5-acre parcel in Balegere, East Bengaluru, offering a developable area of 0.85 million sq ft and a potential GDV of over Rs 1,000 crore.

The Puravankara Group is one of India's most trusted realty majors, headquartered in Bengaluru with a pan-India presence. Over the past five decades, the company has established three distinct and successful residential brands ? Puravankara, Provident Housing (PHL), and Purva Land - catering to the entire spectrum of housing and plotted development needs.

The company reported a consolidated net loss of Rs 41.79 crore in Q2 FY26 as against net loss of Rs 16.78 crore in Q2 FY25. Net sales jumped 30% year on year to Rs 644.20 crore in Q2 FY26.

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Puravankara has acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru, further strengthening its presence in one of the city's emerging residential growth corridors. The acquisition is aligned with the company's strategy to expand across Bengaluru micro-markets, supported by improved infrastructure, strong connectivity, and sustained end-user demand.

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.?

The newly acquired land parcel at Attibele Hobli is strategically located and has a saleable area of 6.4 msft, with a potential gross development value of over Rs 4,800 crore.

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Puravankara has provided a Corporate Guarantee to Starworth Infrastructure & Construction, wholly owned subsidiary of the Company, for enhancement of credit facilities of Rs. 50 crore in favour of Axis Bank.

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According to the company?s exchange filing, the contract covers the turnkey construction of civil works, finishes, MEP services, and external development for Varnam Phase 1 at the One Bangalore Luxury Project (OBLP), located in Akalehahalli-Mallenhalli Village, Kasaba Hobli, Bengaluru Rural District, Karnataka.

The order will be executed within 36 months. The company also clarified that neither its promoters nor members of the promoter group have any interest in the awarding entity, confirming that the transaction does not qualify as a related-party deal under regulatory norms.

The Puravankara Group is one of India's most trusted realty majors, headquartered in Bengaluru with a pan-India presence. Over the past five decades, the company has established three distinct and successful residential brands ? Puravankara, Provident Housing (PHL), and Purva Land - catering to the entire spectrum of housing and plotted development needs.

The company reported a consolidated net loss of Rs 41.79 crore in Q2 FY26 as against net loss of Rs 16.78 crore in Q2 FY25. Net sales jumped 30% year on year to Rs 644.20 crore in Q2 FY26.

Shares of Puravankara shed 0.43% to Rs 244.25 on the BSE.

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