<p>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. </p><p>The planned development will comprise a premium residential community with an estimated gross development value (GDV) of Rs 1,600 crore. </p><p>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.</p><p>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.”</p>
<p>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. </p><p>The planned development will comprise a premium residential community with an estimated gross development value (GDV) of Rs 1,600 crore. </p><p>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.</p><p>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.”</p>
