“Embassy Group, a leading Indian real estate developer, announces a premium residential project in Bengaluru’s Whitefield”
Bengaluru, February 6, 2024 – Embassy Group, a prominent player in India’s real estate sector, has announced a significant milestone in its portfolio expansion with the unveiling of a joint development pact for 3.75 acres of prime land in Whitefield, Bengaluru. This strategic move marks the group’s foray into the premium residential segment, catering specifically to the evolving needs of millennials with a cosmopolitan outlook.
The project, designed to epitomize future-first housing, promises a seamless blend of modern efficiency, unparalleled amenities, and timeless aesthetics. With an estimated revenue potential of approximately Rs. 550 crore, the development is poised to redefine upscale living in one of Bengaluru’s most sought-after locales.
Strategically situated along Whitefield Main Road and in close proximity to Hoodi Junction, the project offers convenient access to a thriving social infrastructure comprising hospitals, schools, banks, employment hubs, and shopping centers. Furthermore, its proximity to the East-West corridor of the Metro Purple Line enhances connectivity, ensuring seamless access to the rest of the city.
Spanning an impressive 5.4 lakh square feet of saleable area, the development will feature approximately 400 thoughtfully designed apartments, including configurations of 2 BHK, 2.5 BHK, and 3 BHK units. Emphasizing the importance of natural lighting and ventilation, each unit will boast expansive windows and balconies offering breathtaking views of the surroundings.
Anticipated to be operational by Q4 FY24, the project aims to meet the burgeoning housing demand from the burgeoning IT and ITeS workforce in the area. This initiative is part of Embassy Group’s strategic pivot towards the residential asset class, with over Rs. 2,000 crore worth of OC-compliant projects set for possession this year alone. Looking ahead, the group plans to launch an additional Rs. 5,000 crore worth of inventory in the coming year, underscoring its commitment to meeting the demand for premium and luxury living spaces in Bengaluru.
In summary, Embassy Group’s latest venture underscores its dedication to delivering innovative and sustainable real estate solutions that cater to the evolving needs of today’s discerning homebuyers. With its blend of modern design, top-notch amenities, and strategic location, the Whitefield residential project promises to set new benchmarks in luxury living in Bengaluru’s vibrant landscape.