Assetz Property Group has acquired an anticipated 11.5 Acres land parcel on Old Madras Road (OMR), Bengaluru. The company plans to launch a premium residential project on the land.
Located near Hoskote Highway in East Bengaluru, this residential development is backed by Motilal Oswal Alternates. Furthermore, the Assetz Bengaluru project carries an estimated Gross Development Value (GDV) of 1,400 INR-Crore. Moreover, it boasts a saleable area of approximately 1.4 Million-SqFt.
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The upscale community will feature approximately 800 residential units and include highway-facing support amenities. Part of the acquisition involves a joint development agreement with Vanshee Builders & Developers Pvt Ltd. Moreover, the upcoming Assetz Bengaluru expansion reflects the developer’s strategic growth in luxury housing.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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