A view of Bengaluru city
Credit: iStock Photo
Bengaluru: Realty developer Embassy Developments Ltd signed a joint development agreement (JDA) with local land owners for a 17.9 acres land parcel in Whitefield, Bengaluru, the company announced on Monday.
The planned development will comprise a premium residential community with an estimated gross development value (GDV) of Rs 1,600 crore.
The development will span 1.6 million square feet of saleable area across 1,000 apartments. Its launch is targeted for financial year 2026-27 (FY27), aimed at catering to demand from IT and IT-enabled services professionals in the region.
Aditya Virwani, Managing Director, Embassy Developments Limited, said, “As a predominantly end-user-driven micro-market, it (Whitefield) 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 FY26 with an expected GDV of over Rs 22,000 crore, this deal reinforces our commitment to building a robust future pipeline and we are actively exploring new opportunities across key markets.”