Assetz Acquires 11.5-Acre Land Parcel on Old Madras Road, East Bengaluru for ₹1,400 Crore Luxury Residential Community
Assetz Secures 11.5-Acre Site on East Bengaluru's Old Madras Road Corridor
Assetz has acquired an 11.5-acre land parcel on Old Madras Road (OMR)–Hoskote Highway in East Bengaluru to develop a luxury residential community with an estimated gross development value (GDV) exceeding ₹1,400 crore. The strategic acquisition, which includes a portion of joint development with Vanshee Builders & Developers Pvt. Ltd, is supported by a funding partnership with Motilal Oswal Alternates, which is among the largest domestic real estate credit funds in India.
Project Scale and Configuration
The upscale residential project, featuring highway-facing support amenities, will span 1.4 million square feet of saleable built-up area (SBA) and comprise approximately 800 units. The project represents a significant addition to Assetz's East Bengaluru footprint, where the company has already made a mark with projects such as Marq, Bloom & Dell, Sun & Sanctum, 66, and Shibui.
Developer Track Record and Scale
Since 2006, Assetz has delivered 20 residential and commercial projects totalling approximately 15 million square feet. In the residential segment, the company has continued to scale, building a portfolio of 46 projects — delivered, launched, and under approval — with a cumulative development potential of 45 million square feet. In the past two years alone, the company has secured a pipeline of 17 million square feet across 19 projects with the potential to deliver 9,000 homes. With 10 launches this year, Assetz is committed to delivering homes that offer long-term value to buyers and communities alike.
Financing and Partnership Structure
In July, Motilal Oswal Alternates closed its sixth real estate fund with a corpus of ₹2,000 crore. Motilal Oswal Alternates is among the largest domestic real estate credit funds in India. The financing partnership reflects the fund's growth trajectory: 75 per cent of the fund has been deployed across projects in key urban markets, including Mumbai, Pune, Chennai, Bengaluru, Hyderabad, and Kolkata.
The Old Madras Road Corridor Context
Once considered a peripheral stretch, the Old Madras Road corridor in East Bengaluru has quickly become one of the city's hottest residential pockets. Better road connectivity, a growing number of schools and hospitals, and the easy commute to IT hubs have all played a part in its transformation. Stretching from KR Puram towards Hoskote, the OMR corridor has rapidly transformed from a highway into a premium residential haven.
According to market information, the cost for apartments on OMR is currently between ₹6,000 and ₹9,000 per square foot. Developers have access to larger land parcels, making this corridor famous for its massive integrated townships. Projects like the 48-acre Sobha One World and other premium developments are redefining luxury. When buying an apartment here, you aren't just buying a flat; you are buying into a 300-acre ecosystem featuring 80% open green spaces, world-class sports arenas, commercial retail zones, and serene, tree-lined walking paths.
Infrastructure and Connectivity
The region's strategic importance is amplified by its proximity to key IT hubs such as Whitefield (14 km away), ITPL, and Hoodi, making it a preferred residential destination for professionals working in these areas. The presence of the Namma Metro's Purple Line, connecting Baiyappanahalli and Swami Vivekananda Road, further enhances accessibility, ensuring residents can commute effortlessly across the city.
Its proximity to industrial zones like Vemgal and Narsapura, coupled with excellent road connectivity via National Highway 75 and the Satellite Town Ring Road (STRR), positions it as a growth corridor. The area is well-served by social infrastructure, with reputed schools like Jain Heritage School, Chrysalis High School, and NPS Whitefield nearby. Healthcare facilities, such as Miracle Hospital, Vydehi Hospital, and Aaxis Hospital, are easily accessible, ensuring residents have access to quality medical care. Shopping and entertainment options, including Orion Uptown Mall, Nexus Shantiniketan, and Red Rhino, are within a short distance.
Joint Development Partner
Vanshee Builders & Developers is a respected name in the field of property development in Bangalore. Established in 1993, the firm has focused its activities in and around Bangalore. The partnership underscores both developers' commitment to the Old Madras Road corridor as a premium growth destination.