Embassy Industrial Park Hosur Pvt Ltd completes acquisition of 124 acre land parcel near Bengaluru
The land parcel in Nelamangala Taluka, Bengaluru, was acquired by Embassy Industrial Park Hosur Pvt Ltd for ₹177 crore and registration completed in October.
Embassy Industrial Park Hosur Pvt Ltd, a subsidiary of Embassy Industrial Parks, has acquired a land parcel measuring around 124.21 acres from the Karnataka Industrial Areas Development Board for ₹176.57 crore, documents accessed by Propstack showed.
Embassy Industrial Park Hosur Pvt Ltd had been allotted a land parcel by Karnataka Industrial Areas Development Board for setting up an industrial and logistics park (Representational picture)
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The amount was paid by the lessee to the lessor as premium and rent, the document showed.
The transaction was registered on October 20, the document showed.
The land is located within the village limits of Baragenahalli, Sompura Hobli, Nelamangala Taluk, Bengaluru Rural District and measures close to 5.02 lakh sq m (124.21 acres) or thereabouts, the documents showed.
Embassy Industrial Park Hosur Pvt Ltd had been allotted a land parcel by Karnataka Industrial Areas Development Board for setting up an industrial and logistics park, the document showed..
According to people in the know, 124 acres of land in Nelamangala Taluka, Bengaluru, was sanctioned in 2021 and may have already been factored in the portfolio of Blackstone since 2021. However, documentation work has been completed recently, they said.
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Embassy Industrial Park Hosur is a subsidiary of Embassy Industrial Parks that was acquired by Blackstone in 2021.
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Embassy Industrial Park Hosur is a subsidiary of Embassy Industrial Parks that was acquired by Blackstone in 2021.
Vandana Ramnani leads the real estate vertical at Hindustan Times Digital, bringing over two decades of journalism experience across real estate, education, human resources, and foreign affairs. She specialises in India’s real estate sector, covering residential and commercial markets in Delhi-NCR, Mumbai, and Bengaluru, with in-depth reporting on regulatory developments, urban policy, housing trends, and interviews with industry leaders. Her work has also appeared in the Hindustan Times newspaper and HT Estates. Earlier, Vandana played a key role in establishing the real estate vertical at Moneycontrol (NW18 Group), shaping its editorial direction and market coverage. She has also written extensively on international education for HT Education, tracking global study destinations, policy changes, and student mobility trends, earning the Singapore Education Award 2009 for Best Media Coverage (Print). Her reporting portfolio includes human resources and employment trends for HT ShineJobs and PowerJobs, as well as lifestyle and interior design features for HT Premium Homes. Vandana began her career with the Press Trust of India, gaining strong editorial and reporting expertise. She was also selected for a prestigious fellowship at Fondation Journalistes en Europe in Paris, where she wrote for EuroMag. One of her notable reporting assignments included covering Germany’s capital relocation from Bonn to Berlin. Outside of journalism, Vandana is a passionate traveller, constantly seeking out charming hideaways across India and the lesser-known, offbeat corners of Southeast Asia.
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