Puravankara 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 around 0.89 million sq ft, with an estimated gross development value (GDV) of Rs 800 crore.
The acquisition reinforces the company’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.
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 such as the Airport Metro, Satellite Town Ring Road, Aerospace Park and Airport City. Improving connectivity, planned infrastructure upgrades and expanding social amenities are expected to further strengthen the corridor’s appeal as a residential and commercial growth destination.
Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune. Puravankara is a part of Puravankara Group.
