India, Dec. 23 -- Bengaluru-based listed real estate developer Puravankara Limited has acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru, with a potential gross development value (GDV) of over Rs.4,800 crore, the company said in a regulatory filing.

The acquired site at Attibele Hobli has a saleable area of approximately 6.4 million square feet and is expected to be developed into a large residential community, the company stated.

"This acquisition is part of our ongoing efforts to systematically add quality developable land to our launch pipeline across strategic micro-markets," Ashish Puravankara, managing director of Puravankara Limited, said. "It reflects our disciplined approach to growth and our confidence in the long-te...