Bengaluru-based developer Assetz has acquired an 11.5-acre land parcel on Old Madras Road–Hoskote Highway, East Bengaluru, to develop a luxury residential project with a gross development value (GDV) at over Rs 1,400 crore.

Backed by Motilal Oswal Alternates (MOA) and in partnership with Vanshee Builders & Developers, the project will span 1.4 million sq. ft. of saleable built-up area, comprising around 800 upscale units with highway-facing amenities. Assetz, already established in East Bengaluru with projects like Marq, Bloom & Dell, and Sun & Sanctum, strengthens its market presence with this acquisition.

Executive Director Sunil Pareek highlighted the company’s strategic focus on land banking, noting a pipeline of 17 million sq. ft. across 19 projects, with 10 launches slated this year. MOA recently closed its sixth real estate fund at Rs 2,000 crore, with MD Anand Lakhotia affirming support for quality land acquisitions aligned with Assetz’s governance-driven approach. Since 2006, Assetz has delivered 20 projects totaling 15 million sq. ft. and currently manages a portfolio of 46 projects with a potential 45 million sq. ft.