The Embassy Group, Bengaluru-based property developer, plans to invest an additional Rs. 300 crore for infrastructure projects in the city such as a Metro stations, flyovers and walkways.
The company pledged to invest more following the inking of an MoU last year with BMRCL for the construction of Kadubeesanahalli Metro Station.

The company has now executed a detailed MoU with BMRCL for the construction of the Metro station at Embassy TechVillage (ETV) on the North Outer Ring Road.

Commenting on the agreement with BMRCL, Jitu Virwani, Managing Director and Chairman, Embassy Group, said: "The Embassy TechVillage Metro station will be located at the entrance to our Business Park serving over one lakh corporate occupiers and 43 companies operating within the park. Working with BMRCL for a key infrastructure project in Bengaluru is another way in which Embassy continues to contribute to the city and the welfare of its citizens."

According to a company release, in addition to the Rs. 100-crore investment in Embassy TechVillage Kadubeesanahalli Metro station, the company plans to install a Rs. 9-crore skywalk at ETV.

The Embassy Group is also funding the flyover between the Thanisandra junction and Nagawara Lake junction with dual spur roads to Embassy Manyata Business Park at a cost of Rs. 150 crore.

In order to facilitate the Metro-related work in the area (building of Metro line and the station), the company will contribute Rs. 32 crore for acquiring a parcel of land.

The Rs. 7 crore Embassy Manyata Skywalk on the Outer Ring Road has eased pedestrian movement and traffic congestion around Embassy Manyata Business Park, the release added.

Commenting on the Embassy Group�s collaboration with BMRCL, Mahendra Jain, Managing Director, BMRCL, said, "We have signed two agreements; one to augment our finances to expedite work on Outer Ring Road and the other to facilitate and coordinate work on the new flyover."

here is company details.

 

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