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)