Avenue Supermarts Expands Real Estate Portfolio With Major Bengaluru Acquisition
Avenue Supermarts Ltd (ASL), the company behind the DMart retail chain, has acquired a commercial property in Bengaluru’s fast-growing Panathur locality for ₹106.2 crore, according to property registration documents reviewed by CRE Matrix.
The transaction, registered on April 13, 2026, involves the purchase of an entire commercial building known as Block-A in Panathur Village, Varthur Hobli, Bengaluru East Taluk. The property was acquired from six members of the Reddy family and includes a substantial commercial asset in one of the city’s most prominent business corridors.
The company paid approximately ₹2.12 crore in stamp duty for the transaction.
What Does The Property Include?
According to registration documents, the acquired asset comprises a fully developed commercial building with a built-up area of around 1.7 lakh square feet.
The property includes a basement parking level, ground floor, three upper floors, and a terrace floor. It also comes with an undivided land share of approximately 43,560 square feet.
Based on the transaction value, the acquisition translates to roughly ₹6,240 per square foot, making it one of the notable commercial real estate transactions in East Bengaluru this year.
Why Is Panathur An Important Location?
Panathur has emerged as a key commercial and residential micro-market due to its strategic location between Marathahalli, Bellandur, and Whitefield.
The area enjoys strong connectivity to Bengaluru’s Outer Ring Road, major IT parks, technology campuses, and business districts. Growing corporate activity and residential demand have significantly boosted real estate values in the region over the past few years.
The newly acquired building forms part of a larger mixed-use development where commercial rights remained with the original landowners before being transferred to Avenue Supermarts.
Part Of DMart’s Asset-Heavy Expansion Strategy
The acquisition aligns with Avenue Supermarts’ long-standing preference for owning strategic real estate assets instead of relying entirely on leased properties.
The company, backed by billionaire investor Radhakishan Damani and family, has historically followed an asset-heavy expansion model for its DMart stores and commercial operations.
Owning properties provides long-term cost stability, reduces exposure to rental escalations, and strengthens the company’s balance sheet through asset creation.
Series Of Strategic Property Acquisitions
The Bengaluru acquisition adds to Avenue Supermarts’ growing real estate portfolio.
In October 2021, the company acquired approximately 67,400 square feet of retail space in Bengaluru’s Varthur Hobli region for about ₹88.25 crore. The property included multiple floors and 135 parking spaces.
The same year, it purchased a commercial building in Mumbai’s Goregaon West for nearly ₹71.5 crore.
In May 2024, Avenue Supermarts acquired a land parcel in Chandivali, Mumbai, for around ₹117 crore. The company also purchased retail space in Kandivali West in September 2023 for ₹88.74 crore.
According to CRE Matrix, Avenue Supermarts invested nearly ₹400 crore in real estate during the pandemic period when several corporates were reducing property exposure.
DMart Continues Aggressive Retail Expansion
The acquisition comes as DMart continues to expand its retail footprint across India.
The company has been opening roughly two new stores every month and has added new locations across Rajasthan, Maharashtra, and Gujarat over the past few years.
As India’s organized retail market continues to grow, strategic ownership of commercial assets in high-growth urban centers appears to remain a key part of Avenue Supermarts’ long-term growth strategy.
With East Bengaluru emerging as one of India’s most important commercial hubs, the latest acquisition further strengthens the company’s presence in a region expected to witness sustained demand from both businesses and consumers.
