Embassy REIT to Fund Rs 1 Bn for Kadubeesanahalli Metro station
05 Mar 2025
2 Min Read
CW Team
Bengaluru Metro Rail Corporation (BMRCL) and Embassy Office Parks REIT have entered into a Definitive Agreement for the construction of the Kadubeesanahalli metro station on the Outer Ring Road (ORR) line, which is part of Phase-2A of the metro project.
Vikas Telecom, a subsidiary of Embassy REIT, will invest Rs 1 billion in the construction of the metro station. In exchange, BMRCL has granted Embassy REIT naming rights for the station, along with advertisement and commercial space, as well as direct connectivity for a period of 30 years. As per the agreement, the station will be named *Embassy TechVillage Kadubeesanahalli Metro Station*.
The Kadubeesanahalli metro station is part of the 17-km ORR metro corridor, which extends from Central Silk Board to KR Pura and includes a total of 16 stations. This corridor is a vital mobility route aimed at improving connectivity between key commercial hubs, IT office parks, and residential areas in Bengaluru鈥檚 IT corridor.
The partnership between BMRCL and Embassy REIT is expected to accelerate infrastructure development, enhance urban transport, and support sustainable mobility solutions. The ORR metro corridor will play a crucial role in reducing traffic congestion and promoting public transport usage in the city.
A Real Estate Investment Trust (REIT) is a company that owns, operates, or finances real estate assets, allowing retail investors to participate in such ventures. Embassy REIT鈥檚 involvement in this metro project reflects its commitment to long-term infrastructure investments that contribute to urban development and improved transport solutions in Bengaluru.
News source: The Indian Express
Bengaluru Metro Rail Corporation (BMRCL) and Embassy Office Parks REIT have entered into a Definitive Agreement for the construction of the Kadubeesanahalli metro station on the Outer Ring Road (ORR) line, which is part of Phase-2A of the metro project.
Vikas Telecom, a subsidiary of Embassy REIT, will invest Rs 1 billion in the construction of the metro station. In exchange, BMRCL has granted Embassy REIT naming rights for the station, along with advertisement and commercial space, as well as direct connectivity for a period of 30 years. As per the agreement, the station will be named *Embassy TechVillage Kadubeesanahalli Metro Station*.
The Kadubeesanahalli metro station is part of the 17-km ORR metro corridor, which extends from Central Silk Board to KR Pura and includes a total of 16 stations. This corridor is a vital mobility route aimed at improving connectivity between key commercial hubs, IT office parks, and residential areas in Bengaluru鈥檚 IT corridor.
The partnership between BMRCL and Embassy REIT is expected to accelerate infrastructure development, enhance urban transport, and support sustainable mobility solutions. The ORR metro corridor will play a crucial role in reducing traffic congestion and promoting public transport usage in the city.
A Real Estate Investment Trust (REIT) is a company that owns, operates, or finances real estate assets, allowing retail investors to participate in such ventures. Embassy REIT鈥檚 involvement in this metro project reflects its commitment to long-term infrastructure investments that contribute to urban development and improved transport solutions in Bengaluru.
News source: The Indian Express
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