Embassy REIT Approves ₹1.09 Crore Acquisition of Thanisandra Land Parcel Adjoining Embassy Manyata Business Park

Embassy REIT Expands Manyata Campus with Thanisandra Land Acquisition

Embassy REIT's Board approved the conveyance of a 24-gunta land parcel at Thanisandra Village, Bengaluru, to Manyata Promoters Private Limited, with a total consideration of ₹1,08,99,365. The transaction, approved on 31 July 2026, extends the contiguous land holdings adjoining Embassy Manyata Business Park, one of the largest business parks in the country located in North Bengaluru.

Valuation and Regulatory Compliance

The 0.6-acre KIADB-allotted land parcel at Thanisandra is contiguous to Embassy Manyata Business Park. Two independent valuation reports valued the property—one at ₹117 million using the Market Approach Method as of June 30, 2026, and a second at ₹109.77 million using the Direct Comparison Approach as of July 24, 2026. The filings comply with SEBI (REIT) Regulations, 2014.

Strategic Location and Campus Integration

Embassy Manyata Business Park is located in Nagawara, off the Outer Ring Road (ORR) in North Bangalore, with its full address at Hebbal Outer Ring Road, Nagavara, Bengaluru, Karnataka, 560045. The park is spread over 300 acres, functioning as a software technology park with a building area of 9.8 million square feet, housing over 150,000 employees.

The upcoming Namma Metro Phase 2B (Airport Line) will have a station near Manyata, greatly improving metro access to the park and Kempegowda Airport.

Broader Q1 FY27 Context

Embassy REIT delivered a strong Q1FY27 performance with revenue and NOI surging 17% year-on-year to ₹12,408.12 million and ₹10,205 million respectively. Operational highlights include 1.3 msf leasing activity anchored by global capability centres (GCCs) and AI firms, maintaining 93% portfolio occupancy. The net borrowings ratio decreased to 31% as of June 30, 2026, from 32% in the corresponding period last year, reflecting the REIT's ongoing deleveraging strategy.