Puravankara Limited has added another parcel to its Bengaluru land bank, this time in the airport corridor stretching north of the city towards Bagalur and Devanahalli. The developer acquired a 9.73-acre land parcel at Sanna Ammanikere in North Bengaluru's fast-developing airport corridor, with an outright acquisition offering development potential of approximately 0.89 million sq ft and an estimated gross development value (GDV) of Rs 800 crore.
The deal was structured as a direct purchase rather than a joint development arrangement. The acquisition reinforces Puravankara's strategy of strengthening its presence across high-growth Bengaluru micro-markets through a balanced mix of outright purchases and capital-efficient partnerships, with the upcoming residential development catering to growing demand for thoughtfully designed homes in well-connected urban growth corridors.
Location matters here. The land parcel sits in the Devanahalli growth corridor, with connectivity to Kempegowda International Airport and access to key employment hubs, an area continuing to benefit from the northward expansion of Bengaluru's technology, aerospace, logistics and commercial ecosystems, supported by infrastructure developments such as the Airport Metro, Satellite Town Ring Road, Aerospace Park and Airport City. This is the same broad corridor that already hosts Puravankara's Bagalur and KIADB Aerospace Park projects, including Northern Lights by Puravankara | KVN and Purva Aerocity, giving the developer a widening footprint across North Bengaluru's growth belt.
Management struck an upbeat tone on the announcement. Ashish Puravankara, Managing Director, Puravankara Limited, said, "Bengaluru continues to be at the centre of India's residential growth story, supported by a strong economic base, expanding infrastructure...As we enter our next phase of growth, we will continue to build a strong development pipeline through disciplined capital allocation, faster turnaround from acquisition to launch, and projects that respond to the evolving aspirations of today's homebuyers." Mallanna Sasalu, CEO – South at Puravankara, added that this acquisition further consolidates the company's presence in Bengaluru, its largest and most strategic market, with North Bengaluru increasingly shaped by employment-led growth, improving infrastructure and genuine end-user demand, giving the company the opportunity to create a well-planned residential community.
This deal does not stand alone. It follows a series of recent land deals and joint development agreements by Puravankara across Bengaluru, including projects on Hennur Road, Mandur and Doddagubbi. Just months earlier, the developer had entered a partnership with KVN Property Holdings LLP for a 24.59-acre parcel at KIADB Hardware Park with a developable area of 3.48 msft and a potential GDV exceeding Rs 3,300 crore — the project now known as Northern Lights by Puravankara | KVN, positioned in the rapidly developing KIADB–Aerospace Park corridor of Bagalur, North Bengaluru, spread across approximately 24.59 acres. Around the same period the company also picked up a large East Bengaluru parcel, and in December 2025 it acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru, carrying a potential GDV of over Rs 4,800 crores, which triggered a significant rally in the company's shares.
Market watchers see the pattern clearly: this is deliberate land banking, not one-off opportunism. During the first half of FY26 alone, Puravankara had already added 6.36 million sq ft of developable area in Bengaluru and Mumbai, with an estimated GDV of Rs 9,100 crores. The Sanna Ammanikere buy adds another building block to that pipeline, in a corridor where developers are actively expanding their land banks to capitalise on strong housing demand and favorable market conditions, with Bengaluru remaining India's technology capital and continuing to attract talent from across the country.
For homebuyers tracking North Bengaluru, the acquisition is a signal rather than an immediate launch. No project name, configuration or pricing has been announced yet for the Sanna Ammanikere parcel, and buyers interested in the broader Bagalur–Devanahalli–Aerospace Park belt currently have live options in Puravankara's existing pipeline, including Northern Lights by Puravankara | KVN and Purva Aerocity, both positioned around the same airport-driven growth story. As with any pre-launch land deal, homebuyers should track RERA registration before making any booking commitments once the new project is formally unveiled.
