1. Embassy Group launches master planned city in Bengaluru

Embassy Group launches master planned city in Bengaluru

Real estate developer Embassy Group today announced the launch of Embassy Springs project here claiming it is South India's "biggest master planned city."

By: | Bengaluru | Published: June 9, 2016 7:01 PM
"The launch of Embassy Springs further reinforces our  continued focus on creating a large residential portfolio with a strong focus on the North Bengaluru corridor," Embassy Group Chairman and MD Jitu Virwani said.(Reuters) Bengaluru has increasingly become an attractive investment destination nationally and internationally. (Reuters)

Real estate developer Embassy Group today announced the launch of Embassy Springs project here claiming it is South India’s “biggest master planned city.”

Spread over 300 acres in North Bengaluru, Embassy Springs comprises 188 acres of plots, 41 acres of apartments, 22 acres of villas and row houses, 20 acres of club and schools and 35 acres of commercial and retail space, it said in a statement.

It further said Embassy Springs is located eight km from the international Airport and is set close to the upcoming IFCI Financial City and KSIIDC Devanahalli Business Park, where real estate prices are expected to appreciate significantly.

“The launch of Embassy Springs further reinforces our  continued focus on creating a large residential portfolio with a strong focus on the North Bengaluru corridor,” Embassy Group Chairman and MD Jitu Virwani said.

Bengaluru has increasingly become an attractive investment destination nationally and internationally and has pipped the NCR to become the second most preferred investment destination for investors after Mumbai, it added.

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