Private Equity

PE-RE Fund Investments

Assetz raises Rs.125-Cr from Motilal Alternates to acquire 11.5 acres in Bengaluru

Economic Times  

In order to purchase and develop an 11.5-acre plot of land on the Old Madras Road (OMR) in East Bengaluru, the Bengaluru-based real estate development company Assetz has raised INR 125 crore from Motilal Alternates.The land will be used to develop a luxury residential community with an estimated Gross Development Value (GDV) exceeding INR 1,400 crore. This acquisition also includes a portion of joint development with Vanshee Builders & Developers. The development will span 1.4 million square feet of Saleable Built-up Area (SBA) housing around 800 units.