The acquisition adds an estimated GDV of INR 1400cr to the residential portfolio

Mumbai : Assetz, one of Bengaluru’s leading real estate developers, has acquired a 11.5-acre land parcel on the Old Madras Road (OMR)/Hoskote Highway in East Bengaluru to develop a luxury residential community with an estimated Gross Development Value (GDV) exceeding INR 1,400 crores. This strategic acquisition, which includes a portion of joint development with Vanshee Builders & Developers Pvt. Ltd, is supported by a funding partnership with Motilal Oswal Alternates which is among the largest domestic real estate credit funds in India.

Envisioned as an upscale residential project with highway facing support amenities, the development will span 1.4 million square feet of Saleable Built-up Area (SBA) housing approximately 800 units. This move further strengthens Assetz position in East Bengaluru, a market where the company has made its mark with successful projects such as Marq, Bloom & Dell, Sun & Sanctum, 66 & Shibui, etc.

Sunil Pareek, Executive Director, Assetz, said “Strategic land acquisition has always been fundamental to our development approach, laying the groundwork well before execution begins. The association with Motilal Oswal Alternates aligns with our philosophy of partnering with institutions with deep understanding of real estate to back high-quality real estate developments. In the past 2 years alone, we have secured a pipeline of 17 million square feet across 19 projects with the potential to deliver 9,000 homes. With 10 launches this year, we are committed to delivering homes that offer long-term value to our buyers and communities alike.”

Anand Lakhotia, Managing Director & Co-Head (Real Estate) at Motilal Oswal Alternates, commented, “Having recently announced the final close of our sixth real estate fund, through which we raised INR 2,000 crore, we are well-positioned to support quality land acquisitions. This association reflects our belief in Assetz’s vision of a professional residential platform with established execution capabilities. Their emphasis on good governance, supported by a steady track record, is in line with our strategy of investing in top-performing developers.”

“Looking from the lens of our commercial and hospitality experience, Assetz stood out for their professionalism, design sensibilities and a strong track record, aligning to our values, which made Assetz our natural choice for the transaction” said Dympna Reddy, Director, Vanshee Builders & Developers Pvt. Ltd, from the landowner group.