Assetz City of Palms Receives Karnataka RERA Registration (PRM/KA/RERA/1250/303/PR/300626/008780)
RERA Approval Granted for Assetz City of Palms
Assetz City of Palms has received its Karnataka RERA registration under reference PRM/KA/RERA/1250/303/PR/300626/008780, marking formal regulatory clearance for the plotted development near Kundana in the Devanahalli region of North Bangalore. The approval was registered on 30 June 2026.
Project Scope and Location
The 35-acre development comprises 620 premium plots, located at Doddachimanahalli, Kundana, Cambridge North Campus Road, Devanahalli. The project is positioned to offer an environment for homebuyers seeking the freedom to design and build their own homes.
The site sits in the North Bangalore growth corridor with access to major road networks, employment hubs, educational institutions, and infrastructure projects. Devanahalli is located 15–20 km from Kempegowda International Airport, and the area benefits from major developments including KIADB Aerospace Park, Devanahalli Business Park, and upcoming STRR and metro connectivity plans.
Development Timeline and Construction
The project is scheduled for completion in February 2029. The plots are spread across approximately 35 acres with modern infrastructure, expansive green spaces, and connectivity designed into the community.
About Assetz Property Group
Assetz Group, founded in 2006, operates in real estate development and business portfolio management with secondary focus on infrastructure development in the Asia region. The company has over 10 million square feet currently under development, with a residential portfolio of ten projects across prominent Bangalore locations.
The developer built two world-class IT tech parks in Bangalore: Vrindavan Tech Village (now Embassy Tech Village), India's first Platinum LEED-certified IT SEZ, and Global Technology Park. The group operates across four major verticals—Residential, Commercial, Warehousing, and Fund Management.
Market Context
Assetz City of Palms enters a competitive Devanahalli market where major developers including Prestige, Sobha, Brigade, Godrej, Sattva, Century, and Birla Estates operate plotted developments and villa communities. The region has experienced land appreciation of 8–15% annually in key areas, driven by proximity to the airport and large-scale infrastructure expansion.