Bengaluru, June 3, 2025 — Embassy Developments Limited (EDL), the flagship real estate platform of the Embassy Group, has proposed the divestment of a premium commercial project in Whitefield, Bengaluru, to Embassy Office Parks REIT. The proposed transaction is valued between ₹3,200 crore and ₹3,700 crore, with the project encompassing approximately 3.3 million square feet of leasable area upon completion.
This strategic move aims to bolster Embassy REIT’s portfolio by adding a high-value asset in one of Bengaluru’s prominent business districts. The proposed acquisition aligns with Embassy REIT’s ongoing efforts to expand its footprint in key commercial hubs across India.
Embassy REIT, India’s first publicly listed Real Estate Investment Trust and Asia’s largest office REIT by area, has been actively investing in infrastructure and commercial real estate projects. Notably, the REIT recently committed ₹100 crore to develop the Kadubeesanahalli Metro Station on Bengaluru’s Outer Ring Road, enhancing connectivity to its Embassy TechVillage business park.
The proposed divestment by EDL and potential acquisition by Embassy REIT underscore the dynamic nature of Bengaluru’s commercial real estate market, reflecting investor confidence and the city’s growing prominence as a business hub.
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