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Embassy Developments has signed a Joint Development Agreement for a 17.9-acre land parcel in Whitefield, Bengaluru, to launch a premium residential project spanning 1.6 million sq ft with around 1,000 units. Valued at INR 1,600 crore, this marks a major residential initiative post its merger and rebranding from Indiabulls Real Estate earlier this year. Whitefield remains a hotbed for housing demand, driven by proximity to IT hubs like TCS, IBM, and SAP, and home to projects like Prestige Raintree Park and Sobha Neopolis. With average rental yields at 4% and projected price appreciation of 25-30% by 2030, the area offers strong investment potential.
Embassy Developments has finalised a Joint Development Agreement for a 17.9-acre land parcel located in Whitefield, Bengaluru. The project, which will be a premium residential development, is expected to deliver around 1.6 million sq ft of saleable space comprising approximately 1,000 housing units. Estimated at a gross development value of INR 1,600 crore, this marks one of Embassy's significant residential plays in East Bengaluru. Advertisement
Following a major restructuring earlier this year, Embassy Developments-previously known as Indiabulls Real Estate-became part of the larger Embassy Group portfolio. The rebranding and merger, which were completed between January and February, gave Embassy Group a 42.4% stake in the new entity, aligning the residential arm more closely with its broader business strategy.
Whitefield is currently one of Bengaluru's most active property markets. In 2025 several established and upcoming announced residential projects in the region. Some of the prominent residential projects include Prestige Raintree Park, Sumadhura Capitol, Sobha Neopolis, Abhee Celestial City and Godrej Lakeview.
Whitefield is at the heart of Bengaluru's IT boom: home to major tech parks and global conglomerates such as TCS, IBM, Accenture and SAP. With over 4 lac tech professionals working in the region, demand for high quality homes and rentals is strong. The region has seen a price appreciation of approximately 10% in the last year, with experts suggesting a 25-30% increase by 2030. Rental yields are said to average about 4%, depending upon the property.
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