Puravankara Acquires 9.73-Acre Land Parcel in North Bengaluru, Projects ₹800 Crore GDV

Puravankara Acquires 9.73-Acre Land Parcel in North Bengaluru, Projects ₹800 Crore GDV​

Puravankara Limited, one of India's respected real estate developers, has acquired a significant 9.73-acre land parcel located in Sanna Ammanikere in North Bengaluru. The acquisition is aimed at developing a residential community within the fast-developing airport corridor, which boasts an estimated gross development value (GDV) of ₹800 crore and offers approximately 0.89 million sq ft of potential space.

The purchase reinforces Puravankara's strategy to solidify its presence in key high-growth Bengaluru micro-markets through a combination of outright purchases and strategic partnerships. The upcoming residential project is intended to meet the rising demand for thoughtfully designed homes within well-connected urban growth corridors.

Strategic Importance of North Bengaluru​

The land parcel is situated in the Devanahalli growth corridor, offering crucial connectivity to Kempegowda International Airport and vital employment hubs. This region continues to benefit from the northward expansion of Bengaluru's technology, aerospace, logistics, and commercial ecosystems. Major supporting infrastructure developments in the area include the Airport Metro, Satellite Town Ring Road, Aerospace Park, and Airport City, which are expected to further strengthen the corridor as a residential and commercial destination.

Mallanna Sasalu, CEO - South at Puravankara Limited, stated that this acquisition consolidates the company's position in Bengaluru, its largest market. He noted that North Bengaluru is increasingly defined by employment-led growth and improving infrastructure, noting that the project offers an opportunity to create a residential community that merges scale, connectivity, amenities, and high quality of living expected by discerning homebuyers.

Commenting on the significance of the land acquisition, Ashish Puravankara, Managing Director of Puravankara Limited, said that Bengaluru remains central to India's residential growth story, underpinned by a strong economic base and expanding infrastructure. The purchase reflects the company's conviction in the long-term potential of North Bengaluru and its commitment to securing high quality land parcels in strategic corridors as it moves into its next phase of growth.

This latest acquisition follows previous joint development agreements and purchases made by Puravankara across other key Bengaluru micro-markets, including Hennur Road, Mandur, and Doddagubbi, continuing to strengthen the company's pipeline in the city.

Company Profile Overview​

The Puravankara Group is a trusted realty major based in Bengaluru with a pan India presence, having served the housing and plotted development needs for over five decades. The group also operates Starworth Infrastructure and Construction Limited (SICL), a wholly-owned subsidiary focused on technology enabled construction solutions, and maintains an interior design arm, Purva Streaks.

As of March 31, 2026, Puravankara has substantial operational scale across multiple cities:

PURVA Stock Price Movement​

As of 9:20 AM, shares of Puravankara Limited are gaining momentum in live trading, rallying to ₹219.7 as they climb up 2.31%. The stock maintains an active intraday presence with 13,335 shares traded, continuing the ascent from its market open of ₹214.