Embassy Developments Ltd. (EDL), through its subsidiary Embassy East Business Park Pvt Ltd., has signed agreements with Lam Research (India) Private Limited for the sub-leasing and subsequent sale of approximately 25 acres in Whitefield, Bengaluru. The transaction is valued at Rs 1,125 crore and is subject to regulatory approvals.
The deal aligns with Bengaluru’s position as a hub for technology and innovation, reflecting continued investment in the region’s commercial infrastructure. The agreement marks the growing demand for industrial and commercial real estate among global technology firms.
Aditya Virwani, Managing Director of Embassy Developments Ltd., stated that the partnership with a major semiconductor company highlights Bengaluru’s appeal to multinational corporations. He added that the proceeds from the transaction will be reinvested into development projects.
Whitefield continues to attract investment due to its infrastructure, IT ecosystem, and talent availability, further strengthening India’s role in the global technology sector.
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