Categories: Latest

Embassy REIT Invests ₹100 Crore to Support Bengaluru’s Metro Expansion

  • Signs definitive agreement with BMRCL to develop Kadubeesanahalli Metro Station on ORR 

Bengaluru, March 04, 2025: Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT‘), India’s first listed REIT and the largest office REIT in Asia by area, has committed an investment of ₹100 crore to fund the Metro ORR Project, supporting Bengaluru’s urban infrastructure development. The investment will contribute to the construction of the Kadubeesanahalli Metro Station on the Outer Ring Road (ORR), which will be named “Embassy TechVillage Kadubeesanahalli Metro Station” for a period of 30 years from its commercial operation date. 

Embassy REIT and Bangalore Metro Rail Corporation Limited (BMRCL) signed a definitive agreement on February 28, 2025, for the development of this new metro station along the ORR corridor. The Metro ORR Project, undertaken by BMRCL, is a major infrastructure initiative that spans 17 km from Central Silk Board Junction to K.R. Puram. This corridor, which includes 16 stations, aims to enhance connectivity for thousands of commuters in Bengaluru’s key business districts, including the landmark Embassy TechVillage business park. 

Ritwik Bhattacharjee, Chief Executive Officer* of Embassy REIT, said, “As Bengaluru continues to grow as a global business hub, infrastructure must evolve alongside it. Embassy REIT is committed to solving key urban challenges through strategic and long-term investments in mobility solutions. Previously, we invested over ₹180 crores to build a flyover at Embassy Manyata Business Park, significantly decongesting traffic in the area. Additionally, we made around ₹30 crores investment in a pedestrian footbridge for safer movement. Our continued support for the metro expansion reflects our belief in public-private partnerships to drive meaningful change in the city’s infrastructure.” 

Mr. M. Maheshwar Rao, Managing Director, BMRCL, said, “We are extremely happy that Embassy REIT has come forward with their support for sustainable urban development and urban transport. The Outer Ring Road corridor is an important mobility route in Bengaluru, connecting key commercial hubs, IT parks, and residential areas. Such partnerships are instrumental in accelerating infrastructure growth, and we look forward to working together to build a more accessible and sustainable metro network for the city.”

Corporate Comm India (CCI Newswire)

The Property Times News Bureau

Share
Published by
The Property Times News Bureau
Tags: BMRCLM. Maheshwar RaoREITRitwik Bhattacharjee
1 year ago

Recent Posts

Max Estates reports strong Q1FY27 operating momentum; pre-sales at ₹1,093 crore, nearly 5x YoY

New Delhi, August 15, 2026: Max Estates Limited (MEL), the real estate arm of Max Group,…

1 day ago

Leadership, Resilience and Responsibility: Khazi Altaf Hussain’s A Life in Many Frames Earns Literary Recognition

A Life in Many Frames Honoured at The Rise Insight Literary Awards Season 5, 2026…

3 days ago

DBS Bank India extends INR 520 crore construction finance facility for K Raheja Corp commercial development in Pune

New Delhi, August 10, 2026:  DBS Bank India today announced the extension of a construction…

6 days ago

GHR Infra Launches ‘2BHK Freedom Offer’ at GHR Callisto

Hyderabad, August 08,2026: GHR Infra has launched the '2BHK Freedom Offer' at GHR Callisto, its IGBC Green Homes…

1 week ago

RBI Holds Repo Rate at 5.25%; Realty Industry Sees Stability as Growth Driver The Reserve Bank of India’s (RBI) decision to maintain the repo rate at 5.25% and retain its ‘neutral’ monetary policy stance in the third bi-monthly Monetary Policy Committee (MPC) meeting of FY27 has elicited a measured response from the real estate industry. While the sector had hoped for a rate cut to further enhance home loan affordability and stimulate housing demand, industry leaders believe the RBI’s decision reflects a balanced approach amid elevated global uncertainties, volatile energy prices, and inflationary concerns. They noted that stable interest rates will continue to support buyer confidence, provide financial predictability for developers, and sustain the momentum witnessed in the residential real estate market. Mr. Kamlesh Thakur, President, NAREDCO Maharashtra “The RBI’s decision to maintain the repo rate at 5.25% while retaining a neutral stance reflects a prudent approach amid global uncertainties and evolving inflation dynamics. While the industry was hopeful of a rate cut, policy stability itself provides confidence to both developers and homebuyers. With borrowing costs remaining unchanged, housing demand is expected to continue its momentum, particularly in the mid-income and premium segments. The upward revision of India’s GDP growth projection to 6.7% underscores the resilience of the domestic economy. Going forward, as inflation moderates in line with the RBI’s expectations, there could be room for a more accommodative monetary policy. A future rate cut would further improve housing affordability, strengthen buyer sentiment, and accelerate investments across the residential and commercial real estate sectors.” Mr. Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory “The RBI’s decision to keep the repo rate unchanged brings continuity and predictability to the market at a time when global geopolitical developments and inflationary pressures continue to create uncertainty. Stable interest rates ensure that home loan EMIs remain broadly unchanged, allowing prospective buyers to make informed purchasing decisions without concerns over rising borrowing costs. The Indian housing market has demonstrated remarkable resilience over the past few years, supported by strong end-user demand, rising incomes, and growing confidence in the economy. With GDP growth projected at 6.7%, we expect housing demand to remain healthy across key micro-markets.” Mr. Shilpin Tater, Managing Director, Superb Realty “The RBI’s decision to maintain the repo rate is a balanced move considering the current global economic environment and domestic inflation outlook. Policy stability is particularly important for the real estate sector as it enables developers to plan projects with greater financial certainty while allowing buyers to benefit from stable lending rates. Demand for quality residential & commercial developments, especially in well-connected urban locations, is expected to remain robust. We remain optimistic that supportive monetary measures in the future could further strengthen investment activity.” Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers “The RBI has adopted a measured and responsible approach by maintaining the repo rate while closely monitoring inflationary trends and global developments. Although a rate cut would have enhanced affordability for homebuyers, the decision to maintain stability provides confidence to both consumers and developers in an uncertain macroeconomic environment. The premium and luxury housing segments continue to witness healthy demand driven by aspirational buyers and strong wealth creation, while the broader residential market remains supported by genuine end-user demand. Stable financing costs, coupled with India’s improving growth outlook, should sustain market momentum.” Mr. Dhruman Shah, Promoter, Ariha Group “The RBI’s decision to keep the repo rate unchanged reflects its focus on balancing growth with inflation management amidst ongoing global uncertainties. For the real estate sector, policy continuity is a positive outcome as it preserves financial stability and ensures that financing conditions remain predictable for both developers and homebuyers. Stable interest rates, combined with sustained infrastructure investments and urbanization, will continue to support residential sales.”

New  Delhi, August 05, 2026: The Reserve Bank of India's (RBI) decision to maintain the…

2 weeks ago

Alumil India Designs State-Of-The-Art Fenestration  Solutions For Nagpur’s Landmark High-Rise Residential Project

Mumbai, August 04, 2026: Alumil India, the fully-owned Indian subsidiary of Alumil Group, has successfully executed its…

2 weeks ago