Assetz Property Group, established in 2006, is headquartered in Singapore with a significant operational presence in Bangalore. The company operates across four key verticals: commercial, residential, warehousing, and fund management. Before turning to residential development, Assetz built its foundation in commercial real estate, developing two IT tech parks in Bangalore — Vrindavan Tech Village (now Embassy Tech Village), a Platinum LEED-certified IT SEZ, and Global Technology Park. Vrindavan Tech Village housed major occupiers including Cisco, Flipkart, Sony, and JP Morgan.
Today, Assetz's portfolio spans 50 million square feet of completed and ongoing developments. The group has leased 1 million sq ft of warehousing to Amazon in Devanahalli, North Bengaluru, and has built a portfolio of 25+ projects spanning 300+ acres, 11,400+ units, and 18+ million sq ft. Their Devanahalli connection, therefore, predates Promise of Spring — the group already has a warehousing footprint here and a keen understanding of the corridor's infrastructure trajectory.
Assetz Promise of Spring marks the group's first-ever plotted development, combining structured urban planning with extensive green cover and modern infrastructure standards. The choice of Avathi, on the Bangalore–Hyderabad Highway, reflects the same research-driven site-selection discipline that shaped their commercial projects in the city.
The project's address is NH 44, Avathi Village, Kasaba Hobli, Devanahalli, Bengaluru, Karnataka 562110. Spread across 23 acres, the project offers plots of 1,200 sq ft, 1,500 sq ft, and select unique sizes within a master-planned layout. Over 47% of the total land area is dedicated to open spaces, featuring 5,000+ trees and an acre-wide Miyawaki forest, ensuring a green and low-density residential environment.
The Miyawaki forest — a dense regenerative park — promotes biodiversity and adds measurable value for eco-conscious buyers. The low-rise, no-apartment-block format gives plot owners full freedom to design and build their own homes within a secured, serviced enclosure.
The amenity package reflects Assetz's typical approach to gated communities across the city. Amenities include a 3-acre clubhouse, swimming pool, gymnasium, indoor recreation rooms, outdoor sports courts, landscaped gardens, children's play area, party hall, and 24/7 security systems.
| Plot Configuration | Size Range | Starting Price |
|---|---|---|
| Standard Plots | 1,200 – 1,500 sq ft | ₹81 Lakhs onwards |
| Unique / Larger Plots | Up to 2,800 sq ft | On application |
The price of plots in Assetz Promise of Spring starts from INR 81 Lakhs onwards, making it a competitive option for those looking to invest in a high-potential area like Devanahalli. The overall price range runs between ₹99 Lakhs and ₹1.58 Crore, depending on plot size and position within the layout.
The project is located right on the Bangalore–Hyderabad National Highway, just 10 minutes from Devanahalli and Bellary Road, and approximately 20 minutes from Kempegowda International Airport. Being adjacent to NH 44 gives easy access to major hubs like Hebbal and Manyata Tech Park.
Avathi itself sits within the broader Devanahalli micro-market, which has attracted institutional developer attention for over a decade. The establishment of Kempegowda International Airport in 2008 marked a turning point, redefining the region's connectivity with global markets and paving the way for urban development. According to reports by Knight Frank and CBRE, property prices in the region have seen a CAGR of around 12–15% since the early 2010s.
Assetz's rationale goes beyond airport proximity alone. Devanahalli is home to Kempegowda International Airport and is part of future development plans including the Devanahalli Business Park, BIAL IT Investment Region, and Aerospace SEZ — all of which are expected to generate employment and sustained housing demand. The Bangalore Aerospace Park (980 acres) already hosts aerospace players including Boeing and Airbus.
NH 44 (Bellary Road) is a six-lane, signal-free highway offering seamless connectivity to Hebbal and the core of Bangalore, while the upcoming Namma Metro Phase 2B airport line is expected to cut commute times further. The Bangalore Metro Phase 2B Airport Line will improve access from North Bangalore to city areas, with a proposed metro station near Devanahalli set to enhance travel speed and convenience.
Promise of Spring is not Assetz's only footprint in North Bangalore. Assetz The Secret Lake — previously known as Assetz Codename The Hideaway — is an ongoing RERA-approved plotted development on IVC Road in Devanahalli, covering 44 acres and offering 701 luxury plots. Assetz Sora & Saki is a new launch RERA-approved luxury apartment project in the KIADB Hardware & IT Park, Bagalur, North Bangalore, offering 3 and 4 BHK homes across 11.28 acres. The group has also previously developed Assetz Earth & Essence off International Airport Road, a 25-acre plotted community in the same North Bangalore corridor.
This cluster of projects in the Devanahalli–Bagalur–IVC Road belt signals a deliberate strategy: Assetz has been building scale and brand recognition in North Bangalore across multiple product types — apartment towers, luxury plots, and now a format-defining gated plot community at Avathi.
Across the city, Assetz's well-known residential developments include Mizumi Reserve on Harlur Road, Canvas & Cove at Begur Lakefront, Trees & Tandem near Sarjapur Road, Marq in Whitefield, Soho & Sky in Jakkur–Yelahanka, 63° East off Sarjapur Road, and 22 & Crest in Yeshwanthpur, among others. The North Bangalore cluster — anchored now by Promise of Spring in Avathi — represents the group's most concentrated bet on a single emerging corridor.
Property prices in Devanahalli have moved approximately 20.3% in the past year, 62.4% over three years, and 97.9% over five years. This is the backdrop against which Assetz has positioned an 81-lakh entry point for a serviced, gated plot within 20 minutes of the airport.
As of 2025, residential property prices in Devanahalli range between ₹4,500 and ₹7,500 per sq ft, while plotted developments remain especially popular, with land prices typically ranging from ₹50 lakh to ₹1.5 crore depending on plot size and proximity to prime areas.
Demand drivers are concrete and documented. The BIAL IT Investment Region — covering 12,000 acres — is expected to bring significant job creation, with large companies setting up offices and increasing demand for homes. The Satellite Town Ring Road (STRR) connects major satellite towns including Devanahalli, Doddaballapur, Hoskote, Ramanagara, and Nelamangala, providing faster access to Kempegowda International Airport and KIADB Industrial Areas.
Healthcare infrastructure in the immediate area includes Akash Super Speciality Hospital and The North Bangalore Hospital. Nearby schools include Oxford English School (approximately 4.5 km) and Vinayaka Public School (approximately 6 km). The social infrastructure is maturing, and Assetz's decision to develop here at 23-acre scale reflects confidence in that trajectory.
Assetz's portfolio spans 5 commercial projects covering 4 million square feet and 18+ residential projects over 20 million square feet with 10,000+ units in Bangalore. The group is backed by both international and domestic institutional investors and banks, including Jones Lang LaSalle, Pramerica, MapleTree, the World Bank, Kotak Mahindra Bank, State Bank of India, L&T Finance, and J.P. Morgan India Property Fund.
Assetz won the Sustainable Project of the Year at GRI Awards 2024, has successfully exited 25+ investors from its residential platform with an average IRR of 20%, and achieved INR 2,000+ crore in sales turnover. Several phases of recent projects, such as Marq 3.0, were delivered ahead of schedule in late 2025 and early 2026. For a buyer at Avathi evaluating a plotted development with a possession date later in 2026, this delivery culture matters as much as the land configuration itself.