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Embassy Golf Links in Bengaluru
Indian developer Embassy Group and Ivanhoe Cambridge, a real estate investment arm of Canada’s second-largest pension fund, have launched a platform to fund acquisition and development of sustainable, office-led business parks in key urban centres of India.
Embassy will lead real estate development, project management, leasing and operations under the platform, while Ivanhoe Cambridge will leverage its expertise in investment, the partners said in a Tuesday press release. The platform will have investment capacity of $500 million from the two partners, with Ivanhoe Cambridge and Embassy respectively investing at an 80:20 ratio.
The seed asset for the platform will be the first phase of the 60 acre (24.3 hectare) Embassy East Business Park on Whitefield Main Road in Bengaluru.
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Synopsis
Whitefield, Bengaluru, an IT and business park hub, offers good connectivity, infrastructure and has a number of popular malls.
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This week ET Wealth realty hot spot series takes a look at the major IT and business park hub of Whitefield in Bengaluru. This renowned IT hub of Bengaluru comprises of Whitefield, Varthur, ITPL, Hoodi, Kadugodi and Kundalahalli. The area has good connectivity through the major road networks of Whitefield Main Road, ORR and Old Madras Road.
Besides popular malls including Inorbit Mall, The Forum Neighbourhood Mall and Ascendas Park Square Mall, it has renowned hospitals including Columbia Asia Hospital and Narayana Multispeciality Hospital. The price range of properties in the area is between Rs 3,700 per square feet and 8,300 per square feet. The average price of 1 BHK, 2 BHK, 3 BHK and above 3 BHK is Rs 36 lakh, Rs 65 lakh, Rs 1.02 crore and Rs 2.06 crore, respectively.
Bengaluru
Karnataka
India
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