Embassy Developments Sells 25-Acre Land Parcel in Bengaluru to Lam Research for ₹1,125 Crore

Embassy Developments Ltd (EDL), through its wholly owned subsidiary Embassy East Business Park Pvt Ltd, has agreed to sell a 25-acre land parcel in Bengaluru to Lam Research (India) Pvt Ltd for ₹1,125 crore. The agreement includes a sub-lease and eventual divestment, pending regulatory approvals. The deal was officially announced on March 20, 2025.

The land parcel is located in Whitefield, Bengaluru, a prominent technology and business hub. EDL signed definitive agreements with Lam Research (India) Pvt Ltd to sub-lease the land before completing the sale. The deal awaits necessary regulatory approvals, and the completion timeline will depend on clearance from relevant authorities.

Lam Research is a major player in the semiconductor equipment sector. The acquisition aligns with its strategy to expand its presence in India, particularly in Bengaluru, which has emerged as a key hub for high-tech industries. The transaction is expected to facilitate the development of a new research and manufacturing facility.

According to EDL, this transaction reinforces Bengaluru’s reputation as a global technology and innovation hub. The city has consistently attracted significant foreign investments, particularly from technology and semiconductor firms looking to establish operations in India.

The partnership with Lam Research reflects the increasing demand for high-quality commercial infrastructure to support cutting-edge industries. Bengaluru’s Whitefield area has been a preferred location for global technology firms due to its established ecosystem, availability of skilled professionals, and connectivity to major business districts.

Commenting on the transaction, Aditya Virwani, Managing Director of Embassy Developments Ltd, stated that the sale aligns with the company’s long-term strategy of asset monetization. The proceeds from the transaction will be reinvested in high-growth opportunities to strengthen EDL’s development pipeline.

He emphasized that the deal with a leading semiconductor company underscores EDL’s capability to create and deliver strategic real estate solutions that cater to global corporations. The company aims to leverage the capital from this sale to explore further investment opportunities in commercial and infrastructure development.

The transaction highlights the growing importance of Bengaluru as a key location for semiconductor and high-tech investments. India’s semiconductor sector is poised for significant growth, driven by government incentives and the increasing demand for locally manufactured semiconductor components.