Newspatrolling.com News cum Content Syndication Portal Online
Boosts Existing Residential Pipeline with an Estimated GDV of ~₹1,600 Cr
Mumbai/Bengaluru – June 23, 2025: Embassy Developments Ltd. (‘EDL’), one of India’s leading real estate developers, today announced the signing of a Joint Development Agreement (JDA) for ~17.9‑acres land parcel in Whitefield, Bengaluru. The planned development will comprise a premium residential community with an estimated gross development value (GDV) of ~₹1,600 Cr.
Nestled off Whitefield Main Road, the project will enjoy access to Whitefield’s robust social and physical infrastructure, including hospitals, schools, banks, tech parks, and malls. Connectivity is set to improve further with the upcoming Peripheral Ring Road (PRR), Satellite Town Ring Road (STRR), and the recently launched Metro Purple Line.
The development will span ~1.6 msf of saleable area and feature ~1,000 thoughtfully designed apartments for young professionals, including 2, 2.5, and 3 BHK configurations. Launch is targeted for FY2027, aimed at catering to strong demand from IT and ITeS professionals in the region.
Aditya Virwani, Managing Director, Embassy Developments Limited., said, “Whitefield continues to be a strategic focus for us. As a predominantly end-user-driven micro-market, it has shown greater resilience supported by sustained demand from Bengaluru’s professional workforce and ongoing infrastructure growth. While we have a secured launch pipeline of 10 projects for FY2026 with an expected GDV of over ₹22,000 crore, this deal reinforces our commitment to building a robust future pipeline and we are actively exploring new opportunities across key markets.”
