{"id":2179,"date":"2026-06-17T19:16:05","date_gmt":"2026-06-17T13:46:05","guid":{"rendered":"https:\/\/www.nobroker.in\/news\/?p=2179"},"modified":"2026-06-17T19:16:05","modified_gmt":"2026-06-17T13:46:05","slug":"puravankara-acquires-9-73-acre-land-parcel-in-north-bengaluru","status":"publish","type":"post","link":"https:\/\/www.nobroker.in\/news\/karnataka\/bangalore\/puravankara-acquires-9-73-acre-land-parcel-in-north-bengaluru\/","title":{"rendered":"Puravankara Acquires 9.73-acre Land Parcel In North Bengaluru"},"content":{"rendered":"

Realty developer Puravankara Limited has acquired a 9.73-acre land parcel at Sanna Ammanikere, North Bengaluru, to develop a housing project with an estimated revenue of \u20b9800 Cr.<\/span><\/p>\n

As per sources, in a regulatory filing dated June 17, 2026, the company said it had completed the acquisition of the land parcel. Though it did not disclose the acquisition or the identity of the seller.<\/span><\/p>\n

The land parcel has a development potential of about 0.89 million sq ft. Further, the acquisition reflects Puravankara\u2019s strategy of strengthening its presence across the high-growth Bengaluru micro-markets, and the upcoming projects will cater to the rising demand for well-designed homes in the growing urban corridors, says the company.<\/span><\/p>\n

Ashish Puravankara, Managing Director of Puravankara Limited, said, \u201cThis acquisition reflects our conviction in the long-term potential of North Bengaluru and our focus on securing high-quality land parcels in strategic corridors. As we enter our next phase of growth, we will continue to build a strong development pipeline through disciplined capital allocation, faster turnaround from acquisition to launch, and projects that respond to the evolving aspirations of today\u2019s homebuyers.\u201d<\/span><\/p>\n

Previous transactions in Bengaluru, Puravankara signed a Joint Development Agreement (JDA) for an 11.23-acre land parcel in Doddagubbi with a projected Gross Development Value (GDV) of \u20b91,100 Cr.<\/span><\/p>\n

Puravankara acquired a 14.57-acre land parcel in Mandur for a housing project with an estimated revenue of \u20b92,300 Cr in May, 2026.<\/span><\/p>\n

As headquartered in Bengaluru, the company has continued to build a strong presence in the city with its project. Additionally, as of March, 2026, Puravankara has completed 95 projects spanning approximately 57 Million Square Feet (MSF) across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.<\/span><\/p>\n

 <\/p>\n

Sourced from Hindustan Times.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Realty developer Puravankara Limited has acquired a 9.73-acre land parcel at Sanna Ammanikere, North Bengaluru, to develop a housing project with an estimated revenue of \u20b9800 Cr. As per sources, in a regulatory filing dated June 17, 2026, the company said it had completed the acquisition of the land parcel. Though it did not disclose […]<\/p>\n","protected":false},"author":6,"featured_media":2180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-2179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bangalore"],"yoast_head":"\nPuravankara Acquires 9.73-acre Land Parcel In North Bengaluru<\/title>\n<meta name=\"description\" content=\"Puravankara Limited has acquired a 9.73-acre land parcel at Sanna Ammanikere, North Bengaluru, strengthening its presence in the micromarket.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nobroker.in\/news\/karnataka\/bangalore\/puravankara-acquires-9-73-acre-land-parcel-in-north-bengaluru\/\" \/>\n<meta property=\"og:locale\" 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