Puravankara and Shriram Land Deals in North Bangalore: What Buyers Should Know

Three land deals were announced in North Bangalore within seventeen days of June 2026. Puravankara tied up 11.23 acres at Doddagubbi and bought 9.73 acres at Sanna Ammanikere, and Shriram Properties signed for 9.1 acres at Doddagubbi. This article sets out what each company announced, what the figures mean, and how a home buyer should use the news.

The Three Deals at a Glance

Both companies are listed, so each deal was reported to the stock exchanges on the day it was signed. The announced figures are as follows:

All three sites are planned as apartment projects. Shriram Properties described its site as lake-facing and said it plans to launch the project during the 2026-27 financial year. Puravankara gave no launch date for either of its sites.

Where the Sites Are

Doddagubbi is a village on the north-eastern edge of the city, east of Hennur Road and south of Bagalur. Daily travel from this pocket runs through Thanisandra Main Road, Hennur Road and the ring road. Manyata Tech Park is the nearest large office hub, and NH 44 carries traffic to Kempegowda International Airport.

Sanna Ammanikere is further north, in the Devanahalli belt close to the airport. Puravankara linked this purchase to the airport metro line, the aerospace park and the Satellite Town Ring Road. The airport line is under construction, so road travel remains the working connection for now.

The two pockets serve different buyers. Doddagubbi is an extension of the Hennur and Thanisandra housing belt, within reach of the city's northern office hubs. The Devanahalli belt suits people whose work is tied to the airport, the aerospace park or the industrial areas around them.

Joint Development and Outright Purchase

Under a joint development, the owner brings in the land, and the developer pays for approvals, construction and sales. The two then share the finished homes or the sale proceeds in an agreed ratio. The developer saves the cost of buying land, which is why such deals are signed quickly.

When land is bought outright, the whole project belongs to the developer. Puravankara took this route at Sanna Ammanikere. A project on purchased land has one seller, while a joint development has two.

The difference matters at the booking stage. In a joint development, some homes belong to the landowner, who may sell them at a different price and on different payment terms. The sale agreement should show who the seller of the chosen home is, and both the developer and the landowner should appear as promoters in the RERA registration.

What the Sales Value Figure Means

Gross development value, or GDV, is the total amount a developer expects to collect from selling the whole project. It is an estimate made at the land stage, before the plan is approved. It is a measure of the size of the project and gives no price for a single home.

Dividing the figure by the planned area gives a rough idea of the average rate the developer has in mind. The Puravankara site at Doddagubbi works out to about Rs. 14,900 per sq ft. The Sanna Ammanikere site and the Shriram site each work out to about Rs. 9,000 per sq ft.

These are averages over several years of sales, so launch prices may be lower or higher. The gap between the two Doddagubbi sites suggests two different products on neighbouring land. A buyer should wait for the price list of each project and compare the two on carpet area.

What Is Still to Come

A land deal is the first step of a long process. The building plan has to be approved, and the project has to be registered with Karnataka RERA before any home is advertised or sold. As of early October 2026, the Karnataka RERA portal lists no registered project for any of the three sites.

Unit sizes, tower heights, prices and possession dates will be fixed only at registration. Puravankara often markets a project under a code name before launch and collects expressions of interest. Such a payment is not a booking, so the amount should be small and fully refundable in writing.

The lake at the Shriram site adds one more approval to watch. Buffer zones around lakes and storm water drains limit where buildings may come up. The approved plan, when it is released, will show how far the towers are from the water.

Supply in the Northern Corridor

The June deals are part of a wider build-up. Puravankara reported sales of Rs. 7,407 crore for the year to March 2026, 55% higher than the previous year, and has set a target of Rs. 11,200 crore for 2026-27. To meet it, the company added about 42 acres in Bangalore between late May and the end of June 2026, including sites at Mandur and near Sarjapur.

North Bangalore already has several large projects under sale around Bagalur, Thanisandra and Devanahalli. More land in the hands of large developers means more launches over the next two years. Buyers gain a wider choice, and sellers of resale homes in the same pockets face more competition.

The news gives a buyer in North Bangalore no reason to rush or to hold back. A family that needs a home within a year or two is better served by a registered project that is well advanced. A buyer with a longer horizon may track these sites and compare them when they launch.

Checks When the Projects Launch

These checks apply to each of the three sites once sales open:

• The RERA registration number, the promoters named in it and the registered completion date
• The survey numbers in the registration, matched with the land in the sale agreement
• For the two joint developments, which of the two shares the home comes from, the developer's or the landowner's
• The approved building plan, including the lake buffer at the Shriram site
• The carpet area of the home and the full cost sheet, with parking, deposits and GST
• The water source, the sewage plan and the width of the approach road
• The drive to the workplace at peak hours from the site gate

Home loan planning is best done at today's interest rates. Our EMI calculator shows the monthly outgo and the upfront cash for any price. A loan sanction in hand before launch day gives a buyer time to read the documents without pressure.