Embassy Developments Signs Landmark Deal with Lam Research

21 Mar 2025 CW Team

Embassy Developments Ltd. (EDL), through its wholly owned subsidiary Embassy East Business Park, has signed definitive agreements with Lam Research (India), a leading global semiconductor equipment manufacturer, to sub-lease and subsequently divest, upon receipt of required regulatory approvals, ~25 acres in Whitefield, Bengaluru. The transaction is valued at Rs 11.25 billion.

This landmark transaction strengthens Bengaluru’s position as a global technology and innovation hub and further reinforces its appeal as a preferred destination for high-tech investments. This engagement between EDL and a global semiconductor bellwether reflects the growing demand for worldclass commercial infrastructure that caters to the evolving needs of cutting-edge industries.

Aditya Virwani, Managing Director, Embassy Developments Ltd., said, ""We are delighted to partner with one of the world’s foremost semiconductor companies in this milestone transaction. Bengaluru remains a top choice for global corporations, and this transaction reaffirms EDL’s capability to unlock value through strategic asset monetisation. The proceeds from this sale will be reinvested into high-growth opportunities, strengthening our development pipeline and delivering sustained value to our stakeholders.""

With its robust infrastructure, thriving IT ecosystem, and access to a highly skilled talent pool, Whitefield continues to drive India’s emergence as a global technology powerhouse.

The transaction is subject to necessary regulatory approvals.

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