Mumbai, June 17 -- The company said the land parcel is located at Sanna Ammanikere in the rapidly developing airport corridor. The project has a development potential of around 0.89 million square feet and an estimated gross development value (GDV) of Rs 800 crore.

Puravankara said the acquisition strengthens its presence in key Bengaluru micro-markets and supports its strategy of building a robust development pipeline through a mix of outright land purchases and partnerships.

The proposed residential project will cater to growing demand for housing in North Bengaluru, a region benefiting from improving infrastructure and expanding commercial activity.

The land parcel is situated in the Devanahalli growth corridor, with connectivity to...