MUMBAI: Realty developer Puravankara Ltd has acquired a 9.73-acre land parcel in North Bengaluru's airport corridor with an estimated gross development value (GDV) of Rs 800 crore, as it steps up expansion in one of the city's fastest-growing residential markets.The land parcel, located at Sanna Ammanikere in the Devanahalli growth corridor, has a development potential of about 0.89 million sq ft and has been acquired outright, the company said.The acquisition is part of the Bengaluru-based developer's strategy to strengthen its presence across high-growth micro-markets through a mix of outright acquisitions and capital-efficient partnerships as demand for housing remains resilient in key urban centres."This acquisition reflects our conviction in the long-term potential of North Bengaluru and our focus on securing key 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’s homebuyers," said Ashish Puravankara, MD, Puravankara.The upcoming project will comprise a residential development aimed at homebuyers seeking housing in well-connected growth corridors, supported by improving infrastructure and expanding employment opportunities."This acquisition further consolidates our presence in Bengaluru, our largest and most strategic market. North Bengaluru is increasingly being shaped by employment-led growth, improving infrastructure and genuine end-user demand," said Mallanna Sasalu, CEO - South, Puravankara.North Bengaluru has emerged as one of the most active real estate markets in the city, driven by the expansion of technology, aerospace, logistics and commercial hubs. The region has also benefited from a series of infrastructure initiatives, including the Airport Metro, Satellite Town Ring Road, Aerospace Park and Airport City, which are expected to improve connectivity and support long-term residential and commercial growth.The land parcel is located close to Kempegowda International Airport and offers connectivity to key employment centres in the city. Improving social infrastructure and planned infrastructure upgrades are expected to further enhance the appeal of the corridor among homebuyers.This transaction follows Puravankara's recent acquisitions and joint development agreements across Bengaluru micro-markets including Hennur Road, Mandur and Doddagubbi.