Assetz raises Rs 125 crore from Motilal Alternates

Assetz, a Bengaluru’s based real estate development firm has raised Rs 125 crore from Motilal Alternates to acquire and develop a 11.5-acre land parcel on the Old Madras Road (OMR)/Hoskote Highway in East Bengaluru.

The land will be used to develop a luxury residential community with an estimated Gross Development Value (GDV) exceeding Rs 1,400 crore. This strategic 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. This move further strengthens Assetz position in East Bengaluru, a market where the company has made its mark with successful projects such as Marq, Bloom & Dell, Sun & Sanctum, 66 & Shibui, etc.,


Sunil Pareek, Executive Director, Assetz, said “Strategic land acquisition has always been fundamental to our development approach, laying the groundwork well before execution begins. The association with Motilal Oswal Alternates aligns with our philosophy of partnering with institutions with deep understanding of real estate to back high quality real estate developments”.

In the past 2 yearsalone, the firm have secured a pipeline of 17 million square feetacross 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,” he said.

Motilal Oswal Alternates recently announced the final close of its sixth real estate fund, through which it raised Rs 2,000 crore. “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 its inception, Assetz has delivered 20 residential and commercial projects of about 15 million sq. ft. In the residential space, Assetz has continued to scale responsibly, building a residential portfolio of 46 projects - delivered, launched and under approvals, totalling45 million sq. ft.