Bengaluru-based real estate developer Assetz has acquired an 11.5-acre land parcel in East Bengaluru for the development of a residential project with an estimated Gross Development Value (GDV) of over ₹1,400 crore. The site, located along Old Madras Road (OMR) and the Hoskote Highway, will be developed into a housing complex comprising more than 800 units.
According to the company, the acquisition was completed through a combination of purchase and a joint development agreement with Vanshee Builders and Developers Pvt. Ltd. The planned development is expected to create approximately 1.4 million square feet of saleable area.
The project is backed by funding from Motilal Oswal Alternates, one of India’s largest domestic real estate credit funds. The investment follows the fund manager’s announcement of the final close of its sixth real estate fund, which raised ₹2,000 crore for deployment in high-potential residential projects across the country.
Anand Lakhotia, Managing Director and Co-Head (real estate) at Motilal Oswal Alternates, said the decision to invest was based on the developer’s track record and operational approach. He noted that Assetz has built a residential platform with a focus on execution, governance, and market positioning, aligning with the fund’s strategy of supporting established developers.
Assetz stated that the deal aligns with its long-term approach to land acquisition and its partnerships with institutional investors. Executive director Sunil Pareek said that in the past two years, the company has secured a pipeline of 17 million square feet across 19 projects, with the capacity to deliver around 9,000 homes. He added that ten project launches are planned within the current year.
The developer has completed 20 residential and commercial projects, adding about 15 million square feet to its portfolio in the residential segment. The latest acquisition strengthens its presence in the East Bengaluru corridor, an area that has seen consistent residential demand due to its connectivity to Whitefield, Outer Ring Road, and upcoming infrastructure upgrades.
Old Madras Road has been one of Bengaluru’s key growth corridors, supported by access to the city’s IT hubs, improved road infrastructure, and proposed metro connectivity under the Namma Metro Phase II extension. Residential developments in the area have attracted both end-users and investors, particularly in the mid to upper-mid housing segments.
The funding support from Motilal Oswal Alternates is expected to aid in timely project execution and marketing, while the joint development agreement allows Assetz to optimise land costs and align with local partners familiar with the micro-market.
This transaction adds to the recent trend of Bengaluru developers securing large land parcels through joint ventures and institutional funding to meet housing demand. The city’s eastern belt, including OMR, Hoskote, and Whitefield, has remained a preferred zone for new launches, supported by steady absorption rates and a relatively balanced supply pipeline.
Industry analysts note that institutional funding into residential real estate in India has been increasing, with investors seeking partnerships with developers who have a track record of timely delivery and adherence to compliance standards. Such funding is also being channelled into projects with clear market demand and potential for sustainable sales over the project life cycle.
With the new project, Assetz aims to strengthen its portfolio and capture a share of demand in East Bengaluru’s residential market. The company’s ongoing strategy focuses on acquiring strategically located parcels, partnering with financial institutions, and maintaining a steady launch pipeline to sustain growth over the next few years.
.png)