Assetz Purchases 11.5 Acres in East Bengaluru
Representative image NEW DELHI: Bengaluru-based Assetz has acquired an 11.5-acre land parcel on the Old Madras Road (OMR)/Hoskote Highway in East Bengaluru. The company intends to develop a luxury residential community with an estimated gross development value (GDV) exceeding ₹1,400 crore. This strategic acquisition, which includes a joint development with Vanshee Builders & Developers, is backed by a funding partnership with Motilal Oswal Alternates. The project will encompass 1.4 million sq ft of saleable built-up area (SBA), offering about 800 units. Sunil Pareek, executive director of the company, stated, “In the last two years, we have built a pipeline of…