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2025-03-27 02:21:34
Embassy Developments finalizes ₹1,125 crore land sale to global semiconductor firm in Bengaluru
Embassy Developments Ltd (EDL), through its wholly owned subsidiary Embassy East Business Park Pvt Ltd, has agreed to sell a 25-acre land parcel in Bengaluru’s Whitefield to Lam Research (India) Private Limited, a leading global semiconductor equipment manufacturer, for ₹1,125 crore, the company announced.
This transaction reinforces Bengaluru’s status as a premier technology and innovation hub, attracting high-tech investments and bolstering the city's commercial infrastructure.
"We are thrilled to collaborate with one of the world's leading semiconductor companies in this landmark transaction. Bengaluru continues to be a prime destination for global corporations, and this deal highlights EDL’s expertise in strategic asset monetization. The proceeds will be reinvested into high-growth opportunities, further expanding our development pipeline and creating long-term value for stakeholders," said Aditya Virwani, Managing Director, Embassy Developments Limited.
With its strong infrastructure, flourishing IT ecosystem, and access to top-tier talent, Whitefield plays a key role in India's rise as a global technology leader.
EDL remains one of India's top real estate developers, specializing in residential, commercial, and SEZ projects nationwide.
2025-03-27 02:21:34
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