DMart Buys Bengaluru Commercial Floors for ₹106 Crore

DMart likes to own the ground it stands on rather than rent it, and it has just proved the point again in Bengaluru. Avenue Supermarts Limited, which operates the supermarket chain, has bought multiple floors of a commercial building in the city for ₹106.2 crore. The DMart Bengaluru acquisition, recorded in registration documents accessed by CRE Matrix, hands the retailer a sizeable chunk of a single block.

Six levels of one Bengaluru block

The asset is Block-A in Panathur Village, Varthur Hobli, in Bengaluru East. It carries a built-up area of roughly 1.70 lakh sq ft and an undivided land share of 4,046.85 sq metres, close to 43,560 sq ft. Avenue Supermarts bought it from a group of sellers, with the transaction registered on 13 April 2026 and stamp duty of ₹2.12 crore paid on the deal.

What it bought is most of the building. The purchase covers the ground, first, second and third floors, along with the terrace and the basement, the last of which houses parking. That is an unusually large single-building bet for a retailer.

What the floor plan shows

The registration documents break the space down floor by floor, in super built-up terms:

• Ground floor: 2,363 sq m
• First and second floors: 3,051 sq m each
• Third floor: 3,112 sq m
• Terrace: 103 sq m, and a basement of 4,128 sq m with parking

For now, the intended use is unconfirmed. An email query sent to DMart had not been answered, and the sellers could not be reached, so the documents are the only public record of what changed hands.

Why the DMart Bengaluru acquisition fits a pattern

The deal is part of a steady run of property moves by the retailer, blending outright ownership with long leases. In December 2025, DMart leased 66,250 sq ft of warehousing from Adani Logistics near Mumbai for a total rent of more than ₹100 crore over nearly 28 years, at a starting monthly rent of ₹20.20 lakh with a ₹1.21 crore security deposit.

That warehouse deal came with a six-year lock-in and a 12 per cent rent escalation every three years. Separately, the chain has also been picking up land, including a 52,000 sq ft parcel in Mumbai, reported at ₹117 crore. Owning core sites and leasing logistics space is becoming a familiar split in how DMart secures its footprint.

A chain that keeps expanding

The property activity tracks a business that has grown steadily for more than two decades. DMart opened its first store in Mumbai in 2002 and had 387 stores as of 31 December 2024, spread across states including Maharashtra, Gujarat, Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Madhya Pradesh, Rajasthan, Punjab, NCR, Chhattisgarh and Daman.

That spread explains the appetite for real estate. A chain selling food, FMCG goods, general merchandise and apparel under one roof needs large, well-located floor plates, and buying them outright gives it control that a lease cannot. The Bengaluru purchase is one more piece of that strategy, even if its exact purpose stays under wraps for now.

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