A file image of Whitefield in Bengaluru.
| Photo Credit: MURALI KUMAR K

Embassy Developments Ltd. (EDL), through its wholly owned subsidiary Embassy East Business Park Pvt Ltd., has signed definitive agreements with Lam Research (India) Private Limited, a global semiconductor equipment manufacturer, to sub-lease and subsequently divest, some 25 acres of land in Whitefield.

The transaction is valued at ₹1,125 crore and is subject to necessary regulatory approvals.

This engagement between EDL and a global semiconductor firm reflects the growing demand for worldclass commercial infrastructure that caters to the evolving needs of cutting-edge industries, as per an official communique.

Aditya Virwani, Managing Director, Embassy Developments, said, “ Bengaluru remains a top choice for global corporations, and this transaction reaffirms EDL’s capability to unlock value through strategic asset monetisation.”

The proceeds from this sale would be reinvested into high-growth opportunities, strengthening the realty firm’s development pipeline, he further said.