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Latest Business News, Business News India Today | The HinduBusinessLine

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Puravankara buys 10 acre land in Bengaluru to build homes...
PTI · 2026-06-17 · via Latest Business News, Business News India Today | The HinduBusinessLine

Realty firm Puravankara Ltd has bought 10 acre land in Bengaluru to develop a housing project with a revenue potential of ₹800 crore.

In a regulatory filing on Wednesday, the company informed that it has acquired a 9.73 acre land parcel at Sanna Ammanikere in North Bengaluru.

Puravankara Ltd did not disclose the acquisition cost as well as the name of the seller.

The outright acquisition has a development potential of around 0.89 million sq ft, with an estimated revenue of ₹800 crore.

As of March 31, 2026, Puravankara has completed 95 projects totalling 57 million sq ft across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.

The company's total land bank is 40 million sq ft and ongoing projects add up to 36.69 million sq ft.

Published on June 17, 2026