Assetz, a leading Bengaluru real estate developer, has acquired 11.5 acres on Old Madras Road/Hoskote Highway in East Bengaluru for a luxury residential community with an estimated Gross Development Value (GDV) exceeding ₹1,400 crore. The project will feature approximately 800 units across 1.4 million sq ft of saleable area, including highway-facing support amenities. This acquisition includes a joint development portion with Vanshee Builders & Developers and is backed by funding from Motilal Oswal Alternates, one of India’s largest domestic real estate credit funds.
Sunil Pareek, Executive Director of Assetz, emphasized the company’s strategic focus on early land acquisition to build a strong project pipeline. Assetz has secured 17 million sq ft across 19 projects in the past two years, aiming to launch 10 this year, with a focus on delivering long-term value to buyers.
Motilal Oswal Alternates’ MD Anand Lakhotia highlighted the firm’s confidence in Assetz’s professional execution and governance, supported by the recent close of their ₹2,000 crore real estate fund. Vanshee Builders & Developers’ Dympna Reddy praised Assetz’s professionalism, design quality, and track record, describing them as the ideal partner for this venture.