Assetz Opens Expression of Interest for 'Codename Palmscape' — 35-Acre Premium Plotted Development on IVC Road, Devanahalli
Assetz Opens Pre-Launch Phase for Palmscape, a 35-Acre Plotted Enclave in Devanahalli
Assetz Property Group opened the Expression of Interest (EOI) phase on 21 March 2026 for Codename Palmscape, a 35-acre premium villa plotted development on IVC Road, Devanahalli, North Bangalore, featuring 642 exclusive plots ranging from 1,200 to 2,400 sq ft, with pre-launch pricing starting from ₹1.08 Cr.
Location and Connectivity
The project is located on IVC Road, Devanahalli, North Bangalore, near Kempegowda International Airport and key infrastructure corridors like NH 44 and STRR. IVC Road, located in the northern part of Bangalore near Devanahalli, has rapidly transformed from a quiet stretch of rural land into one of the city's most promising real estate destinations. Its name—short for International Airport Cargo Road—reflects its proximity to the Kempegowda International Airport (KIA), making it a strategic corridor for residential, commercial, and industrial development.
The project is just 3 minutes from STRR and 15 minutes from Kempegowda International Airport. The project is located near key landmarks like Stonehill International School, Padukone-Dravid Centre for Sports Excellence, and benefits from rapid growth around KIADB Aerospace Park and Devanahalli Business Park.
Project Scale and Design
The project offers spacious plots ranging from 1200 sft to 2400 sft. The development focuses on low-density, nature-led living with 60%+ open space, 1,000+ trees, and 45+ amenities.
Amenities include 40+ premium amenities, a fully equipped 20,000 sq.ft clubhouse, landscaped gardens, themed parks, jogging tracks, multipurpose sports courts, pet parks, an urban forest with 1000+ trees, children's play areas, a party area, acres of central activity space, and meticulously planned 24/7 multi-tier security.
Pre-Launch Phase and Timeline
The project is currently open for Expression of Interest (EOI) with ₹2 Lakhs, and is expected to launch in May 2026, scheduled for possession in April 2030. This EOI phase provides early-stage buyers with the opportunity to secure plots at pre-launch rates before the formal launch.
About Assetz Property Group
Founded in 2006, Assetz began its journey with a strong foundation in commercial real estate, developing two world-class IT tech parks in Bangalore—Vrindavan Tech Village (now Embassy Tech Village), a Platinum LEED-certified IT SEZ, and Global Technology Park. Assetz Property Group has developed, leased and managed over 4.5 million square feet of 'A' grade office spaces, with an asset value exceeding USD 500 million. The company has grown its residential business to over 7,250 residential units with over 11.7 million sqft of development.
At Assetz Property Group, the ethos is 'Better Design' — that dictates everything the company does on its projects. Assetz has achieved INR 2,000+ crore in sales turnover and is recognised among the top 5 developers in Bengaluru.
North Bangalore's Emerging Growth Corridor
IVC Road is poised to be a flagship growth zone in North Bangalore, with top-tier infrastructure projects, growing real estate interest, excellent connectivity, and a peaceful environment. Property prices in IVC Road have seen a 6.1% increase in the past year and a 22.2% rise over the last five years, with experts projecting an 8% year-on-year growth for premium plotted developments in the Devanahalli-IVC Road area.
The project's area in North Bangalore is currently at the crux of 4 different major areas of business and development. The area is minutes away from the Devanahalli Business Park, the Aerospace SEZ, and the upcoming Foxconn factory, which are expected to create over 2 lakh high-paying jobs in the next five years.