Embassy Group announces launch of Embassy Springs-Bengaluru’s largest integrated masterplanned city

 11 Jun 2016 - 16:28

Embassy Group announces launch of Embassy Springs-Bengaluru’s largest integrated masterplanned city
CAP: Jitu Virwani (centre) with Reeza Sebastian (right) and Mike Holland, CEO of Embassy Office Parks, at the launch event in Bengaluru.

 

By Satish Kanady

BENGALURU: Embassy Group, India’s leading real estate developer has announced the launch of Embassy Springs, the southern Indian state Bengaluru’s largest masterplanned city, within the silicon valley of India. Spread across 300 acres in North Bangalore, Embassy Springs comprises of 188 acres of plots, 41 acres of apartments, 22 acres of villas & row houses, 20 acres of club & schools and 35 acres of commercial & retail space. 

Over the last decade, Bengaluru has increasingly become an attractive investment destination nationally and internationally and has pipped to become the second most preferred investment destination for investors after Mumbai. The city’s rapid progress in technology and global connectivity has helped drive real estate growth in the city and the northern corridor of Bangalore has specifically emerged as a favoured location for real estate investments owing to the international airport, planned infrastructure developments, land availability, greater connectivity and IT parks.  

Embassy Springs is strategically located just 8 kms before the Bengaluru International Airport, right before the toll plaza and is set close to the upcoming IFCI Financial City and KSIIDC Devanahalli Business Park, where real estate prices are on the upswing. Conceptualized as a truly self-sustained city by expert architects, design and landscape consultants, Embassy Springs is a perfect harmony between pristine natural & luxurious urban living. It offers a plethora of housing choices along with schools, hospitals, parks, clubs, commercial and retail spaces,  providing proximity to work, home and play.  

Commenting on the launch, Jitu Virwani, Chairman & Managing Director, Embassy Group, said, “We are delighted to launch Embassy Springs – the largest and most ambitious offering from Embassy to date – where we have invested in extensive masterplanning and careful detailing with the help of experts from across the world – to bring to India this experience of a self-sustained city. Embassy Springs provides the best of amenities and facilities, and is a result of our vision to provide a holistic living experience that improves quality of life. It is a representation of Bangalore in its true form – where the garden city meets the Silicon Valley of India to deliver a singular living experience.”

“Embassy Group has been a prominent property developer in the commercial and residential real estate sectors for the past several years. 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”, he added.  

Reeza Sebastian, Vice President, Residential Marketing & Sales, Embassy Group, said, “Bangalore is a plethora of mixed cultures blending seamlessly to give you the finest taste of metropolitan living. With Embassy Springs, we aim to redefine the meaning of suburban living in India byproviding citizens a luxurious living experience in the midst of Mother Nature, offering world class amenities. It is an exemplification of a population who have evolved lifestyle experiences and aspire to live a good life. Embassy Springs will be a place of continual evolution and prosperity, where people from around the world will desire to live.” 

This launch complements Embassy Group’s strong northern corridor strategy which today includes the flagship Manyata Embassy Business Park, India’s largest integrated business park, as well as existing premium residential developments Embassy ONE – which houses South India’s first Four Seasons Private Residences and Four Seasons Hotel, Embassy Boulevard  and Embassy Lake Terraces.

Embassy Group is one of the leading property developers in India with a track record of over three decades in real estate development.  Embassy has an extensive land bank across the country and has developed over 37 million sft of prime commercial, residential and retail space in India as well as Malaysia and Serbia.

 Embassy’s portfolio of real estate developments spans the commercial, residential, industrial, retail and hospitality segments of the real estate industry. While the commercial real estate business includes the development of business parks for the IT/ITeS sector, SEZs and corporate office space. Embassy’s ongoing residential projects include luxury apartments, villas and integrated townships. Embassy’s residential projects are also designed to obtain IGBC Green Homes gold ratings as part of the efforts towards creating sustainable developments. 

The Peninsula