A real estate developer has signed a definitive agreement to acquire a 20-acre land parcel on Whitefield-Hoskote Road, Bengaluru, for a total of ?630 crore. The planned residential project will feature a total saleable area of approximately 2.5 million sq. ft. and a gross development value (GDV) of around ?2,700 crore.
The developer stated that it remains focused on acquiring prime land in key markets to strengthen its land holdings. The company also plans to develop approximately 12.61 million sq. ft. of new residential projects across Bengaluru, Chennai, and Hyderabad.
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