Avenue Supermarts Limited, the operator of the DMart retail chain, has acquired multiple floors of a commercial building in Bengaluru for ₹106.2 crore, according to property registration documents accessed by real estate analytics platform CRE Matrix.

The acquisition involves a commercial property known as Block-A, located in Panathur Village of Varthur Hobli in Bengaluru East. The transaction highlights the continued interest of major retail players in expanding their real estate footprint in one of India’s fastest-growing commercial markets.

Large commercial asset acquired

Property records show that the acquired asset has a built-up area of approximately 1.70 lakh square feet and includes an undivided land share of 4,046.85 square metres, equivalent to nearly 43,560 square feet.

The transaction was registered on April 13, 2026, with Avenue Supermarts paying a stamp duty of ₹2.12 crore.

The purchase includes the ground, first, second and third floors of the building, along with the terrace and basement facilities. The basement comprises parking space, while the upper floors provide substantial commercial space that could support future retail, warehousing or operational requirements.

Bengaluru remains a key growth market

Industry experts view the acquisition as part of DMart’s broader expansion strategy as organised retail continues to grow across urban India. Bengaluru remains one of the company’s important markets, supported by rising consumer demand and rapid urban development.

DMart, founded by investor Radhakishan Damani, has steadily expanded its presence across the country. According to company data, the retailer operated 387 stores as of December 31, 2024, across several states, including Karnataka.

Expansion through strategic investments

The Bengaluru acquisition follows a series of major property transactions involving the company and its associated entities. In recent months, DMart has expanded its warehousing footprint and strengthened its operational infrastructure through long-term leasing and real estate investments.

The latest deal underscores the growing importance of Bengaluru’s commercial real estate sector, which continues to attract investments from leading retail, logistics and technology companies