Puravankara Limited — Updates, 09-01-2025: Press Release

Puravankara Limited has made a strategic acquisition of a 3.63-acre land parcel on Kanakapura Road, Bengaluru, with a potential Gross Development Value (GDV) exceeding ₹700 crore (Cr). This move aligns with the company’s focus on expanding its presence in key Bengaluru micro-markets, characterized by strong infrastructure, connectivity, and residential demand. The newly acquired site will provide a saleable area of 5.42 lakh sqft and sits in a prime location with favorable demand-supply conditions. Ashish Puravankara, the Managing Director, highlighted the significance of this acquisition due to its excellent connectivity, being just 1km from Thalaghattapura Metro Station and in proximity to established residential and commercial hubs. This development reaffirms Puravankara’s commitment to enhancing its land bank in strategically located areas, which could lead to positive growth prospects for the company. Investors should consider this development as it potentially strengthens Puravankara's market position and future project pipeline.