Puravankara Limited has acquired a 9.73-acre land parcel at Sanna Ammanikere in North Bengaluru's fast-developing airport corridor. The acquisition was completed outright, giving the developer full ownership of the site rather than a joint-development or revenue-share structure. Puravankara's own disclosure pegs the development potential at approximately 0.89 million sq ft of saleable area, with an estimated gross development value of Rs 800 crore.
The company has described the move as part of a deliberate strategy of strengthening its presence across high-growth Bengaluru micro-markets through a balanced mix of outright purchases and capital-efficient partnerships. Ashish Puravankara, the company's Managing Director, framed the site as an opportunity to create a well-planned residential community that brings together scale, connectivity, amenities and the quality of living that discerning homebuyers expect from Puravankara. Mallanna Sasalu, CEO - South at Puravankara, called it a further consolidation of the company's presence in Bengaluru.
Sanna Ammanikere is not an isolated bet for Puravankara. The Sanna Ammanikere acquisition followed the company's recent acquisitions and joint development agreements across other key Bengaluru micro-markets, including Hennur Road, Mandur, and Doddagubbi, all part of the same northern growth arc that stretches from Hebbal to Devanahalli. The developer already has a footprint further along this corridor: Purva Tivoli Hills sits off Bellary Road (NH-44) near Nandi Cross in Devanahalli, Purva Oakshire is positioned at Rampura off Hennur Road near Devanahalli, and Provident Deansgate and Provident Ecopolitan sit further up the same belt on IVC Road and Bagalur Road inside the KIADB Aerospace Park zone. Puravankara's newest large-format North Bengaluru launch, Northern Lights by Puravankara | KVN, sits within the KIADB–Aerospace Park corridor of Bagalur across roughly 24.59 acres, underlining how the developer is building density of presence along the same airport-facing stretch rather than a single isolated project.
For a company that has spent five decades headquartered in Bengaluru, an outright acquisition inside the Devanahalli growth corridor reads as an extension of home-market conviction rather than an experimental foray. Puravankara was founded in 1975 by Ravi Puravankara and remains headquartered in the city; the company operates through the Puravankara/Purva brand for premium and theme-based housing, Provident Housing for mid-income buyers since 2008, and Purva Land for plotted developments, alongside its own construction arm, Starworth Infrastructure and Construction Limited. This multi-brand structure matters locally because it gives the company flexibility to calibrate what gets built at Sanna Ammanikere to match a corridor that is still establishing its price ceiling.
The site is located off NH-44 (Bellary Road), within Devanahalli taluk in North Bengaluru's airport corridor, roughly in the same belt that has hosted large villa and plotted developments from other developers, including House of Hiranandani's projects in Sanna Ammanikere village. The corridor's centre of gravity is Kempegowda International Airport, commissioned in 2008, around which the state has built out the 3,000-acre KIADB Aerospace Park and SEZ. Connectivity infrastructure serving this stretch includes the Hebbal–KIA elevated expressway cutting travel time from North Bengaluru to under 30 minutes, the Satellite Town Ring Road encircling the city's satellite towns, and the Peripheral Ring Road (rebranded the Bengaluru Business Corridor) under a PPP-DBFOT model. The Namma Metro Blue Line extension to the airport, the corridor's most-watched near-term catalyst, is targeted for operational readiness around mid-2027.
Pricing across Devanahalli has moved with this infrastructure build-out. Average flat rates in the corridor were recorded at roughly Rs 9,500 per sq ft as of early 2026, a year-on-year rise of over 20 percent, with branded premium launches in the belt commanding Rs 8,000-11,500 per sq ft while older town stock and peripheral plots trade lower. This is the pricing band into which a Puravankara development at Sanna Ammanikere would be positioned, and it explains why an outright land purchase of this scale carries an Rs 800 crore GDV estimate rather than a more conservative figure.
At this stage, Sanna Ammanikere is a confirmed land acquisition rather than a launched project: Puravankara has stated the land, the corridor, the acreage and the GDV estimate, while the development is still under design. What is verifiable is the developer's own account of its intent: a residential community built for the growing demand for thoughtfully designed homes in well-connected urban growth corridors, deployed by a listed company using its own balance sheet on a 9.73-acre outright parcel. For prospective buyers tracking Puravankara's move here, the useful reference points are the company's established North Bengaluru portfolio, the corridor's documented price momentum, and the infrastructure pipeline, airport expansion, metro, and ring roads, that is already reshaping the ground the site sits on.