Embassy Developments Unveils Ambitious Housing Project in Bengaluru
Embassy Developments Ltd partners with a landowner for an ambitious 18-acre housing project in Bengaluru, with a potential revenue of Rs 1,600 crore. The project, located in Whitefield, will feature around 1,000 premium apartments, addressing the demand from Bengaluru's professional workforce.
- Country:
- India
Embassy Developments Ltd is set to embark on an ambitious new venture in Bengaluru with an 18-acre residential project. The company announced a Joint Development Agreement for a land parcel of 17.9 acres in Whitefield, highlighting a revenue potential of approximately Rs 1,600 crore.
The upcoming development promises to offer a premium residential community, featuring around 1,000 apartments across 1.6 million square feet of saleable area. Scheduled for launch in the next fiscal year, this project aims to cater to the professional workforce in Bengaluru, known for its end-user-driven real estate market.
Aditya Virwani, Managing Director of Embassy Developments Ltd, stressed the strategic importance of Whitefield and reiterated the company's goal of expanding its market presence. With its significant stake in Embassy Developments Ltd, the Embassy Group continues to fortify its position in India's real estate landscape.
(With inputs from agencies.)
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