Cornerstone Group and Embassy Group inks Joint Venture in Whitefield Bengaluru
Embassy Group and Cornerstone Group Partner for Massive Bangalore Business Park. Leading real estate developers Embassy Group and Cornerstone Group have joined forces to develop a new integrated business park in Bangalore. Cornerstone Group and Embassy Group ink Joint Venture in Whitefield Bengaluru on 100 acre land to develop embassy cornerstone business park.
Project Highlights:
- Project Name: Embassy Cornerstone Business Park
- Land Area: 100 acres
- Location: Varthur area, near Whitefield
- Potential Office Space: 12 million sq ft
- Key Features: World-class facilities and amenities
Significance:
- This project marks Embassy Group’s fourth business park in Bangalore.
- The strategic location expands the Whitefield business area and caters to growing corporate demand.
- The partnership leverages Embassy’s development expertise and Cornerstone’s extensive land holdings.
Quotes:
- Jitu Virwani, Chairman & MD, Embassy Group: “We look forward to working with Cornerstone to build our fourth business park and offer a stronger value proposition to our clients.”
- B P Kumar Babu, Chairman & MD, Cornerstone Group: “We are delighted to partner with Embassy. The strategic location will help build quality international standard workplaces in Whitefield.”
About the Companies:
- Embassy Group: A leading developer with a 3-decade track record across various real estate segments. They boast a strong corporate client list and a reputation for delivering high-quality workspaces.
- Cornerstone Group: A leading property group with over 2 decades of experience. They are known for their extensive land holdings and partnerships with top developers.
This collaboration signifies a significant development in Bangalore’s commercial real estate landscape. The Embassy Cornerstone Business Park has the potential to become a major hub for businesses seeking world-class office space in a prime location.
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