Embassy Group plans 11 lakh-sq.ft retail realty space
In a recent development, Bengaluru-based real estate developer Embassy Group signed a long-term lease deal for the construction of 11 lakh sq.ft premium commercial office space at Embassy TechVillage, Bengaluru. The deal, which was signed with JP Morgan, involved the construction of the space in a phased manner and that the first-phase is expected to be delivered by the first quarter of 2021. Stretching across over 103 acres, Embassy TechVillage is a people-centric integrated business park with commercial, retail, hospitality spaces, and is located on the Outer Ring Road, the heart of Bengaluru's IT corridor. The TechVillage is a LEED platinum-rated business park which demonstrates high standards in terms of sustainability and minimizing environmental impact. Additionally, there will be a 500-room dual branded hotel that features a Hilton Hotel and a Hilton Garden Inn, which will provide an elevated service for the corporate occupiers within the work environment, said Chairman and Managing Director, Embassy Group, Jitu Virwani.
