11.5 acres land acquired by Assetz in Bengaluru
Real estate developer Assetz has acquired an 11.5-acre land parcel in East Bengaluru. The land is acquired to develop a new luxury project backed by funding from Motilal Oswal Alternates. A part of the acquisition involves a joint development agreement with Vanshee Builders and Developers Pvt. Ltd.
The project is expected to have a Gross Development Value (GDV) of over Rs 1,400 crore and will house around 800 residential units. As per updates, the project would be located at Old Madras Road (OMR)/Hoskote Highway.
Also Read: Assetz Group and KVN Properties to develop residential project in Bengaluru