Puravankara Limited, a prominent real estate developer, has acquired a 3.63-acre land parcel in Vajrahalli, Kanakapura Road, Bengaluru. The new acquisition is expected to have a saleable area of 5.42 lakh sq. ft. and an estimated Gross Development Value (GDV) of ₹700 crore. This move aligns with the company’s strategy to expand its presence in Bengaluru’s high-demand micro-markets with robust infrastructure and connectivity.
The land is strategically located near Thalaghattapura Metro Station on the Green Line of Namma Metro, just 1 km away, and 7 km from J.P. Nagar, a key residential and commercial hub. The area boasts strong road and metro connectivity along with established social and retail infrastructure.
Commenting on the acquisition, Ashish Puravankara, Managing Director, said, “This strategically located land parcel in Kanakapura Road offers significant potential for premium residential development. Our focus will remain on expanding our land bank in micro-markets with favourable demand-supply conditions.”
Puravankara continues to reinforce its position as a trusted real estate developer in India, with this acquisition further strengthening its foothold in Bengaluru.
