Latest news with #Assetz
Time of India
3 days ago
- Business
- Time of India
Assetz acquires 11.5 acres land in East Bengaluru
NEW DELHI: Bengaluru-based Assetz has acquired a 11.5-acre land parcel on the Old Madras Road (OMR)/Hoskote Highway in East Bengaluru . The company plans to develop a luxury residential community with an estimated gross development value (GDV) exceeding ₹1,400 crore. This strategic acquisition, which includes a portion of joint development with Vanshee Builders & Developers, is supported by a funding partnership with Motilal Oswal Alternates . The development will span 1.4 million sq ft of saleable built-up area (SBA) housing approximately 800 units. Sunil Pareek, executive director of the company said, "In the past 2 years alone, we have secured a pipeline of 17 million square feet across 19 projects with the potential to deliver 9,000 homes. With 10 launches this year, we are committed to delivering homes that offer long-term value to our buyers and communities alike.' Anand Lakhotia, managing director & co-head (Real Estate), Motilal Oswal Alternates said, "Having recently announced the final close of our sixth real estate fund, through which we raised ₹2,000 crore, we are well-positioned to support quality land acquisitions."
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Business Standard
3 days ago
- Business
- Business Standard
Assetz acquires 11.5 acres in Bengaluru for ₹1,400 crore housing project
Bengaluru-based real estate developer Assetz has acquired an 11.5-acre land parcel on Old Madras Road (OMR)–Hoskote Highway in East Bengaluru to develop a luxury residential community with an estimated gross development value (GDV) exceeding ₹1,400 crore. The strategic move is backed by Motilal Oswal Alternates (MOA). The company stated that the acquisition includes a joint development component with Vanshee Builders & Developers Pvt Ltd. The upscale residential project, featuring highway-facing support amenities, will span 1.4 million square feet of saleable built-up area (SBA) and comprise approximately 800 units. This move further strengthens Assetz's position in East Bengaluru — a market where it has already made a mark with projects such as Marq, Bloom & Dell, Sun & Sanctum, 66, and Shibui. 'Strategic land acquisition has always been fundamental to our development approach, laying the groundwork well before execution begins. In the past two years alone, we have secured a pipeline of 17 million square feet across 19 projects with the potential to deliver 9,000 homes. With 10 launches this year, we are committed to delivering homes that offer long-term value to our buyers and communities alike,' said Sunil Pareek, executive director, Assetz. In July, Motilal Oswal Alternates closed its sixth real estate fund with a corpus of ₹2,000 crore. Anand Lakhotia, managing director and co-head (real estate) at Motilal Oswal Alternates, commented, 'We are well-positioned to support quality land acquisitions. This association reflects our belief in Assetz's vision of a professional residential platform with established execution capabilities. Their emphasis on good governance, supported by a steady track record, is in line with our strategy of investing in top-performing developers.' Since 2006, Assetz has delivered 20 residential and commercial projects totalling approximately 15 million square feet. In the residential segment, the company has continued to scale, building a portfolio of 46 projects — delivered, launched, and under approval — with a cumulative development potential of 45 million square feet.
Time of India
3 days ago
- Business
- Time of India
Assetz raises Rs 125 crore from Motilal Alternates
Synopsis Assetz, a Bengaluru-based real estate firm, secured Rs 125 crore from Motilal Alternates. The fund will be used to acquire land on Old Madras Road. Assetz plans to develop a luxury residential community. The project's estimated Gross Development Value exceeds Rs 1,400 crore. The development will span 1.4 million square feet. It will house around 800 units.
Hindustan Times
3 days ago
- Business
- Hindustan Times
Assetz acquires 11.5-acre land parcel in East Bengaluru to develop a ₹1,400 crore luxury housing project
Bengaluru-based real estate developer Assetz has acquired an 11.5-acre land parcel in East Bengaluru to develop a new luxury project. The project, backed by funding from Motilal Oswal Alternates, is expected to have a Gross Development Value (GDV) of over ₹1,400 crore and will add around 1.4 million sq ft of saleable area to the developer's portfolio, the company said in a statement. Assetz has acquired 11.5 acres in East Bengaluru for a luxury project backed by Motilal Oswal Alternates, with a GDV of ₹ 1,400 crore and 1.4 mn sq ft saleable area. (Representational Image)(Unsplash ) The upcoming project, on Old Madras Road (OMR)/Hoskote Highway, will house around 800 residential units. Part of the acquisition involves a joint development agreement with Vanshee Builders and Developers Pvt. Ltd. The company said that this land acquisition is backed by Motilal Oswal Alternates, one of India's largest domestic real estate credit funds. The funding comes soon after the fund manager announced the final close of its sixth real estate fund, raising ₹2,000 crore for investments in high-potential real estate projects. Anand Lakhotia, managing director and co-head (real estate) at Motilal Oswal Alternates, said, 'This association reflects our belief in Assetz's vision of building a professional residential platform with strong execution capabilities. Their emphasis on good governance and track record aligns with our strategy of backing top-tier developers.' Also Read: Is Bengaluru rental demand cooling down amid financial uncertainty, muted hiring in IT sector? Assetz eyes 9,000 homes across 19 projects Sunil Pareek, executive director at Assetz, said the deal aligns with the company's long-term approach to land acquisition and partnerships with institutional investors. 'In the past two years alone, we've secured a pipeline of 17 million sq ft across 19 projects, with the potential to deliver 9,000 homes. With 10 launches planned this year, we remain committed to offering homes that deliver long-term value to our customers and communities,' Pareek said. To date, Assetz has delivered 20 residential and commercial projects of about 15 million sq. ft. in the residential space.
Business Standard
15-05-2025
- Business
- Business Standard
Assetz aims to launch Rs 7,500 crore GDV residential projects in FY26
Bengaluru-based real estate firm Assetz aims to launch luxury residential projects with a Gross Development Value (GDV) of Rs 7,500 crore within FY26, while targeting a pre-sales compound annual growth rate (CAGR) of 45 per cent over the next three years, backed by sufficient land parcels to support launches during this period. The total GDV of unsold inventory and upcoming launches for the current year is estimated at around Rs 10,000 crore. The company also told Business Standard that it is 'evaluating IPO plans' for the future, though it did not provide a specific timeline. Sunil Pareek, Executive Director, Assetz, said, 'We have delivered over 40 per cent CAGR in pre-sales over the past three to four years, and we have strong visibility of sustaining the momentum going ahead.' Backed by the likes of the National Investment and Infrastructure Fund (NIIF), JP Morgan, and Apollo Global Management, Assetz operates across domains such as residential, commercial, warehousing, and data centres. 'Real estate has evolved from simply constructing buildings to offering a complete lifestyle. Developers who understand this shift—and adapt to the changing needs of today's homebuyers, primarily millennials and Gen Z—are succeeding.' Assetz revealed that it has secured approximately 600 acres of land for residential projects over the past decade, with around 250 acres currently under active development. The company has also developed commercial assets that were subsequently acquired by Singapore-based Mapletree Investments and Blackstone. 'We primarily secure land through joint development agreements. We also selectively purchase land when valuations align with our unit economics. Additionally, we strategically pursue development management contracts to gain access to prime land parcels.' As part of its geographical expansion strategy, the company plans to enter South Bengaluru and aims to launch approximately 6,000 homes over the next 15 to 18 months. 'You scale quickly if you can deliver a superior product at a fair price. Based on pre-sales performance alone, we believe we're on track to be among the top five developers in Bengaluru—not by legacy, but by current market demand.' In line with its goal of capturing 6–7 per cent of Bengaluru's real estate market over the next three years, the realtor plans to increase its land holdings to 27 by acquiring 10 additional parcels in the near term.
