Puravankara Limited has strengthened its position in North Bengaluru with the outright acquisition of a 9.73-acre land parcel at Sanna Ammanikere, announced on June 17, 2026. The land parcel is located in the Devanahalli growth corridor, with connectivity to Kempegowda International Airport and access to key employment hubs. This addition marks another step in the developer's push to consolidate its presence across the city's fastest-growing micro-markets.
According to the company, the outright acquisition has a development potential of approximately 0.89 million sq ft, with an estimated gross development value (GDV) of ₹800 crore. The transaction value and seller details have not been disclosed, but the deal reinforces Puravankara's strategy of a balanced mix of outright land purchases and capital-efficient joint development partnerships to build its Bengaluru pipeline.
Devanahalli has emerged as one of North Bengaluru's most closely watched corridors in recent years, largely on the back of its proximity to the airport and a wave of infrastructure spending in the area. The region continues to benefit from the northward expansion of Bengaluru's technology, aerospace, logistics and commercial ecosystems, supported by major infrastructure developments such as the Airport Metro, Satellite Town Ring Road, Aerospace Park and Airport City. For homebuyers, this combination of employment growth and transit investment is what typically drives sustained demand and price appreciation in an emerging corridor.
Commenting on the acquisition, Ashish Puravankara, Managing Director, Puravankara Limited, said the move reflects the company's confidence in the corridor. "This acquisition reflects our conviction in the long-term potential of North Bengaluru and our focus on securing high-quality land parcels in strategic corridors," he said, adding that the company will continue to build its pipeline through disciplined capital allocation and faster turnaround from acquisition to launch.
Mallanna Sasalu, CEO – South, Puravankara Limited, added that the Sanna Ammanikere land gives the company an opportunity to create a well-planned residential community that brings together scale, connectivity, amenities and the quality of living that discerning homebuyers expect from Puravankara. He also pointed out that North Bengaluru is increasingly being shaped by employment-led growth, improving infrastructure and genuine end-user demand rather than purely speculative buying.
This is not an isolated move. The announcement follows Puravankara's recent acquisitions and joint development agreements across key Bengaluru micro-markets, including Hennur Road, Mandur, and Doddagubbi, further strengthening its development pipeline in the city. Together, these transactions point to a deliberate strategy of building scale across multiple North and East Bengaluru corridors rather than concentrating on a single location.
For prospective buyers tracking the Devanahalli market, the Sanna Ammanikere parcel is worth watching closely. While the project is still in the land-acquisition stage and details on configurations, pricing and RERA registration are yet to be announced, the scale of the planned development — nearly 0.9 million sq ft — suggests a sizeable residential community once launched. Buyers interested in the broader Devanahalli corridor can also look at Puravankara's existing project in the area, Sanna Ammanikere, Devanahalli, which offers an early view into the developer's plans for this part of North Bengaluru.
