International real estate consultant Savills India has facilitated the transaction of more than 2 acres of high-quality land and provided the necessary approvals for the Bangalore-based real estate developer Inspira Builders to develop a residential town covering more than 200,000 square meters in Electronic City. foot. Estimated valuation is Rs. 1.5 billion.
This land was originally developed by Sycon Construction and is now taken over by Inspira Builders to build a high-quality residential project. Aravind MS, founder and general manager of Inspira Builders, said: “Electronic City has witnessed exponential growth over the years.
The land acquisition and development of this project will help increase our geographic and brand influence in the residential sector in Bangalore. Savills India ensures that we Acquired a strategic plot and simplified the whole process for us through a huge transformation.” The stagnant project needs to deal with various stakeholders, and Savills’ team has played an important role in resolving all outstanding issues and landowners’ concerns in order to reach a deal. Rajan Kumar Mishra, Senior Director of Land Advisory and Transaction at Savills India, said: “The long-awaited subway line connecting the Electronic City to other important locations in Bangalore and the ongoing work-from-home (WFH) policy has promoted the growth of residential demand.
This micro-market Projects. In the next few months, given the connectivity and infrastructure around the Electronic City, we expect more residential projects of this type to gain attention.” The prime location is located in the Electronic City, with major IT companies such as Infosys, Wipro, and TCS, and has a complete infrastructure and connections through elevated highways and NICE roads.
The upcoming subway track under the Namma Metro Yellow Line will drive the demand for housing in this micro-market. Inspira Builders is one of Bangalore’s fastest-growing construction companies, focusing on large-scale land development, commercial, retail and hotel projects.
News Source : The Economic Times
