Assetz Acquires 11.5-Acre Land in East Bengaluru for ₹1,400 Crore Luxury Housing Project
Bengaluru-based real estate developer Assetz has acquired an 11.5-acre land parcel in East Bengaluru to develop a luxury housing project with a Gross Development Value (GDV) of ₹1,400 crore. The project will include over 800 residential units and is backed by Motilal Oswal Alternates.
Real EstateLuxury HousingBengaluruAssetzMotilal Oswal AlternatesReal Estate NewsAug 05, 2025
The upcoming project, on Old Madras Road (OMR)/Hoskote Highway, will house around 800 residential units. Part of the acquisition involves a joint development agreement with Vanshee Builders and Developers Pvt. Ltd.
The company said that this land acquisition is backed by Motilal Oswal Alternates, one of India’s largest domestic real estate credit funds. The funding comes soon after the fund manager announced the final close of its sixth real estate fund, raising ₹2,000 crore for investments in high-potential real estate projects.
Anand Lakhotia, managing director and co-head (real estate) at Motilal Oswal Alternates, said, “This association reflects our belief in Assetz’s vision of building a professional residential platform with strong execution capabilities. Their emphasis on good governance and track record aligns with our strategy of backing top-tier developers.”
Sunil Pareek, executive director at Assetz, said the deal aligns with the company’s long-term approach to land acquisition and partnerships with institutional investors. “In the past two years alone, we’ve secured a pipeline of 17 million sq ft across 19 projects, with the potential to deliver 9,000 homes. With 10 launches planned this year, we remain committed to offering homes that deliver long-term value to our customers and communities,” Pareek said.
To date, Assetz has delivered 20 residential and commercial projects of about 15 million sq. ft. in the residential space. This new project is expected to further strengthen Assetz’s position in the Bengaluru real estate market and cater to the growing demand for luxury housing in the city.
Frequently Asked Questions
What is the Gross Development Value (GDV) of the new project?
The Gross Development Value (GDV) of the new project is ₹1,400 crore.
How many residential units will the project include?
The project will include around 800 residential units.
Who is backing the funding for this project?
The project is backed by funding from Motilal Oswal Alternates.
What is the total saleable area of the project?
The total saleable area of the project is around 1.4 million sq ft.
How many projects has Assetz delivered to date?
To date, Assetz has delivered 20 residential and commercial projects of about 15 million sq. ft. in the residential space.
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