Assetz Buys Land in East Bengaluru for Rs 14 Billion Project

07 Aug 2025 CW Team

Bengaluru-based real estate developer Assetz has acquired an 11.5-acre land parcel along the Old Madras Road–Hoskote Highway in East Bengaluru to develop a luxury residential community, with an estimated gross development value exceeding Rs 14 billion. The acquisition is supported by Motilal Oswal Alternates (MOA) and includes a joint development agreement with Vanshee Builders & Developers Pvt Ltd.

The premium residential project will feature highway-facing support amenities and cover a saleable built-up area of 1.4 million square feet, comprising around 800 units. This move further consolidates Assetz’s footprint in East Bengaluru, where it already has notable developments such as Marq, Bloom & Dell, Sun & Sanctum, 66, and Shibui.

“Strategic land acquisition has always been central to our development strategy, forming the base well ahead of execution,” said Sunil Pareek, Executive Director at Assetz. “Over the past two years, we have built a pipeline of 17 million square feet across 19 projects, capable of delivering 9,000 homes. With 10 launches this year, our focus remains on offering long-term value to both buyers and communities.”

In July, Motilal Oswal Alternates closed its sixth real estate fund with a corpus of Rs 20 billion. Anand Lakhotia, Managing Director and Co-Head (Real Estate) at MOA, said, “We are well-placed to support quality land acquisitions. Our partnership with Assetz reflects our confidence in their execution capabilities and commitment to sound governance, aligning with our investment philosophy.”

Since its inception in 2006, Assetz has delivered 20 residential and commercial projects spanning around 15 million square feet. In the residential sector alone, the company’s growing portfolio now includes 46 projects — either delivered, launched, or under approval — with a cumulative development potential of 45 million square feet.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..