Puravankara Limited has acquired a 9.73-acre land parcel in the rapidly developing Sanna Ammanikere area of North Bengaluru. The acquisition, strategically located in the Devanahalli growth corridor, has an estimated gross development value (GDV) of ₹800 crore. This move reinforces Puravankara’s strategy to expand its presence in high-growth micro-markets and cater to the increasing demand for well-designed residential projects in urban growth corridors.
Puravankara Expands Bengaluru Footprint with Major Land Acquisition
Puravankara Limited has announced the acquisition of a significant 9.73-acre land parcel located at Sanna Ammanikere, within the rapidly developing airport corridor of North Bengaluru. This strategic purchase is poised to yield a development potential of approximately 0.89 million sq ft, with an estimated gross development value (GDV) of ₹800 crore.
Reinforcing Growth Strategy
This acquisition is a testament to Puravankara’s ongoing strategy to bolster its presence across high-growth micro-markets in Bengaluru. The company aims to achieve this through a balanced approach of outright purchases and capital-efficient partnerships. The upcoming residential development is expected to address the growing demand for thoughtfully designed homes in well-connected urban growth corridors.
Development Potential and Market Outlook
Ashish Puravankara, Managing Director, Puravankara Limited, highlighted Bengaluru’s central role in India’s residential growth story, driven by a strong economic base, expanding infrastructure, and sustained end-user demand. He expressed confidence in the long-term potential of North Bengaluru and the company’s focus on securing prime land parcels in strategic locations. Puravankara is committed to building a robust development pipeline through disciplined capital allocation and faster project turnaround.
Strategic Location Advantages
The acquired land parcel is situated in the Devanahalli growth corridor, offering excellent connectivity to Kempegowda International Airport and proximity to key employment hubs. The region benefits from Bengaluru’s expanding technology, aerospace, logistics, and commercial sectors, further supported by infrastructure developments like the Airport Metro and Satellite Town Ring Road. Enhanced connectivity and planned amenities are expected to elevate the corridor’s appeal for both residential and commercial purposes.
Strengthening Market Position
Mallanna Sasalu, CEO – South, Puravankara Limited, stated that this acquisition further solidifies the company’s presence in Bengaluru, which is described as its largest and most strategic market. He emphasized that North Bengaluru’s growth is primarily driven by employment, infrastructure improvements, and genuine end-user demand. This project offers an opportunity to create a well-planned residential community that combines scale, connectivity, amenities, and the high quality of living that discerning homebuyers expect from Puravankara.
Continued Pipeline Development
This announcement follows Puravankara’s recent successful acquisitions and joint development agreements in other key Bengaluru micro-markets, including Hennur Road, Mandur, and Doddagubbi, underscoring the company’s proactive approach to strengthening its development pipeline within the city.
About Puravankara Limited
Puravankara Group is a leading Indian real estate developer with a pan-India presence and over five decades of experience. The group offers a comprehensive spectrum of housing and plotted development solutions. Its subsidiary, Starworth Infrastructure and Construction Limited (SICL), specializes in technology-enabled construction. Puravankara has also ventured into developing Grade A commercial real estate and offers interior design solutions through its arm, Purva Streaks. As of March 31, 2026, the company had completed 95 projects across nine cities, totaling approximately 57 million sq ft. Its land bank stands at around 40 msft, with ongoing projects adding up to 36.69 msft.
Source: BSE
