The land parcel is located on the eastern corridor of Bengaluru near the Whitefield-Kadugodi micro-market, driven by infrastructure expansion and IT-led demand, it said. The location, off the Old Madras Road, offers convenient access to Whitefield, KR Puram, ITPL, the Outer Ring Road, key commercial hubs, and provides connectivity to Kempegowda Internatioanl Airport, it added.
The company said the location is surrounded by renowned schools, healthcare facilities, premium gated communities and evolving lifestyle infrastructure.Puravankara said in FY26, it strengthened its development pipeline in Bengaluru via outright acquisitions and joint development agreements at Hennur Road, Anekal Taluk, Balagere East Bengaluru and KIADB Hardware Park with a cumulative estimated GDV of around 10,400 crore.
“With this latest acquisition, our total landbank – developable area in Bengaluru stands at 25.61 million square feet,” Ashish Puravankara, the company’s managing director, said.
Shares of Puravankara are trading 1.5% higher on Monday after the announcement at ₹228.79. The stock is down 5% so far this year but is down significantly from its 52-week high of ₹339.
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