Avenue Supermarts, the parent company of D-Mart, has purchased multiple floors of a commercial building in Bengaluru's Panathur for Rs 106.2 crore. The deal covers around 1.70 lakh sq ft in one of East Bengaluru's fastest-growing business hubs.
D-Mart's parent company, Avenue Supermarts Limited, has made a huge real estate move in Bengaluru. The famous retail chain just bought several floors of a massive commercial building in Panathur village, located in the city's IT hub in East Bengaluru, for a whopping ₹106.2 crore.
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D-Mart picks Panathur
So, where exactly is this new building? According to registration documents from CRE Matrix, a real estate data firm, D-Mart has acquired property in the 'Block-A' commercial building. It's located in Panathur village, Varthur hobli, in East Bengaluru. This area is one of Bengaluru's fastest-growing commercial hubs, making this a very interesting investment.
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The massive deal
Let's talk about the size of this deal. The transaction covers a built-up area of about 1.70 lakh square feet. This also includes an undivided share of land measuring 4,046.85 square meters, which is roughly 43,560 square feet.
Here's a breakdown of what D-Mart now owns in the building:
The purchase includes the ground, first, second, and third floors, along with the terrace and a basement.
Documents show the ground floor is 2,363 sq m, the first and second floors are 3,051 sq m each, and the third floor is a spacious 3,112 sq m.
The basement, meant for parking, is a large 4,128 sq m.
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Registration of property
The registration for this massive property purchase happened on April 13, 2026, according to the documents. For this deal, D-Mart paid a stamp duty of ₹2.12 crore to the government. Avenue Supermarts bought the property directly from a group of sellers.
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D-Mart market foothold
D-Mart has come a long way since opening its first store in Mumbai back in 2002. Today, it's one of India's biggest supermarket chains. The company has a strong presence in states like Maharashtra, Gujarat, Telangana, Rajasthan, and Punjab, including Karnataka. By the end of December 2024, the company will have a total of 387 stores across the country, selling everything from food and household items to clothes.
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D-Mart's investments
It's not just Bengaluru; D-Mart's founder, Radhakishan Damani, and his companies are making big investments everywhere. Recently, his company 'Derive Trading and Resorts' made news for renting out a luxury apartment in Mumbai's Worli for ₹27.5 lakh a month. Also, in December 2025, D-Mart leased 66,250 sq ft of warehouse space from Adani Logistics in Raigad for 28 years, a deal where the total rent is over ₹100 crore.
Overall, experts believe this ₹106 crore investment in Bengaluru's Panathur is a clear sign of D-Mart's preparation to expand its retail network even further.
