Puravankara Limited has added another parcel to its North Bangalore land bank. The listed developer (NSE: PURVA | BSE: 532891) has acquired a 9.73-acre land parcel at Sanna Ammanikere in North Bengaluru's fast-developing airport corridor. 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 site sits within the Devanahalli growth corridor, an area that has become one of the most closely watched residential zones in Bangalore. The land parcel is located in the Devanahalli growth corridor, with connectivity to Kempegowda International Airport and access to key employment hubs. Puravankara said 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.
Commenting on the acquisition, 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 and sustained end-user demand. He added that the acquisition reflects the company's conviction in the long-term potential of North Bengaluru and its focus on securing high-quality land parcels in strategic corridors, and that the company will build a strong development pipeline through disciplined capital allocation and faster turnaround from acquisition to launch.
Mallanna Sasalu, CEO – South, Puravankara Limited, said the deal further consolidates the company's presence in Bengaluru, its largest and most strategic market, adding that North Bengaluru is increasingly being shaped by employment-led growth, improving infrastructure and genuine end-user demand. He said the project gives the company an opportunity to create a well-planned residential community that brings together scale, connectivity, amenities and the quality of living that Puravankara's homebuyers expect.
This is not an isolated move. The Sanna Ammanikere purchase 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. Just weeks earlier, the company signed a JDA for an 11.23-acre parcel in Doddagubbi with a potential GDV of ₹1,100 crore, and secured a 14.57-acre parcel in Mandur, Budigere with an estimated GDV of around ₹2,300 crore. Taken together, these transactions point to an aggressive land-banking phase focused squarely on North and East Bangalore.
For homebuyers tracking the airport corridor, the significance goes beyond one developer's balance sheet. Devanahalli's appeal rests on tangible infrastructure momentum — the upcoming Airport Metro line, the Satellite Town Ring Road, the Aerospace Park, and the broader Airport City plan are steadily improving access and amenities in a belt that was, until recently, considered peripheral. A large, listed developer committing outright capital (rather than only asset-light joint developments) to a single micro-market is typically read by analysts as a vote of confidence in near-term absorption and pricing stability.
No project name, configuration, pricing, or RERA registration has been announced yet for the Sanna Ammanikere parcel — this is a land acquisition, not a launch. Puravankara is expected to move the site through design and approvals before a formal project launch, following the pattern of its other recent Bengaluru acquisitions. Homebuyers interested in this corridor should watch for RERA filing and the eventual project announcement, while noting that Puravankara had completed 95 projects covering around 57 million square feet across nine cities as of March 2026, with a land bank of approximately 40 million square feet.
