Puravankara Acquires 9.73-Acre Land in Bengaluru

Bengaluru-based Puravankara Limited has acquired a 9.73-acre land parcel at Sanna Ammanikere in North Bengaluru's airport corridor to develop a housing project with an estimated revenue potential of ₹800 crore. The company completed the acquisition of the land parcel, but did not disclose the acquisition cost or the identity of the seller. 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 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. The upcoming residential development will cater to the growing demand for thoughtfully designed homes in well-connected urban growth corridors. According to Ashish Puravankara, Managing Director, Puravankara Limited, this 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. The land parcel is located in the Devanahalli growth corridor, with connectivity to Kempegowda International Airport and access to key employment hubs. The region continues to benefit from the northward expansion of Bengaluru’s technology, aerospace, logistics, and commercial ecosystems, supported by major infrastructure developments. Mallanna Sasalu, CEO - South, Puravankara Limited, stated that this acquisition further consolidates the company's presence in Bengaluru, its largest and most strategic market. The announcement follows Puravankara’s recent acquisitions and joint development agreements across key Bengaluru micro-markets. As of March 31, 2026, Puravankara has completed 95 projects totaling ~57 million sq ft across nine cities. The company's total land holdings and upcoming projects are expected to drive its growth in the Indian real estate market. The acquisition is expected to contribute to the company's growth pipeline in Bengaluru, with the potential to deliver high-quality residential projects to meet the evolving aspirations of homebuyers.