Embassy Industrial Park Hosur completes acquisition of land near Bengaluru
Embassy Industrial Park Hosur Pvt Ltd, a subsidiary of Embassy Industrial Parks, paid Rs 176.57 crore to the Karnataka Industrial Areas Development Board for a land lot that measured around 124.21 acres.
The lessee paid the lessor the sum as rent and premium.
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.