Embassy Developments Ltd. Signs ₹1,125 Cr Land Deal with Lam Research in Bengaluru

Mumbai: Embassy Developments Ltd. (EDL) has signed a definitive agreement with Lam Research (India) Private Limited, a leading global semiconductor equipment manufacturer, to sub-lease and divest approximately 25 acres of land in Whitefield, Bengaluru, for ₹1,125 crores.

This landmark transaction reinforces Bengaluru’s position as a global technology and innovation hub, attracting high-tech investments. The deal reflects the growing demand for world-class commercial infrastructure catering to cutting-edge industries.

The transaction is subject to necessary regulatory approvals, and the proceeds will be reinvested into high-growth opportunities, strengthening EDL’s development pipeline.

Aditya Virwani, Managing Director, Embassy Developments Ltd., stated, “We are delighted to partner with a global semiconductor leader in this milestone transaction. This deal reaffirms EDL’s capability to unlock value through strategic asset monetization.”