Moneycontrol PRO
HomeNewsIndiaBengaluru: Embassy REIT to invest Rs 100 crore to develop Kadubeesanahalli Metro Station on ORR

Bengaluru: Embassy REIT to invest Rs 100 crore to develop Kadubeesanahalli Metro Station on ORR

Embassy REIT and Bangalore Metro Rail Corporation Limited (BMRCL) signed a definitive agreement on February 28, 2025, for the development of this new metro station along the ORR corridor

March 03, 2025 / 18:36 IST
Embassy REIT and Bangalore Metro Rail Corporation Limited (BMRCL) signed a definitive agreement on February 28, 2025

Embassy Office Parks REIT has committed an investment of Rs 100 crore to fund the Kadubeesanahalli Metro Station on Outer Ring Road.

“The investment will contribute to the construction of the Kadubeesanahalli Metro Station on the Outer Ring Road (ORR), which will be named ‘Embassy TechVillage Kadubeesanahalli Metro Station’ for a period of 30 years from its commercial operation date” said a statement from Embassy REIT on March 3.

Also, readBengaluru: Real estate firm dilly-dallies over Bettahalasur Metro station on airport line

Embassy REIT and Bangalore Metro Rail Corporation Limited (BMRCL) signed a definitive agreement on February 28, 2025, for the development of this new metro station along the ORR corridor.

Bengaluru Metro’s ORR corridor spans 17 km from Central Silk Board Junction to KR Pura. This corridor, which includes 16 stations, aims to enhance connectivity for thousands of commuters in Bengaluru’s key business districts, including the landmark Embassy TechVillage business park.

Ritwik Bhattacharjee, Chief Executive Officer of Embassy REIT, said, "Embassy REIT is committed to solving key urban challenges through strategic and long-term investments in mobility solutions. Previously, we invested over Rs 180 crore to build a flyover at Embassy Manyata Business Park, significantly decongesting traffic in the area. Additionally, we made around Rs 30 crore investment in a pedestrian footbridge for safer movement. Our continued support for the metro expansion reflects our belief in public-private partnerships to drive meaningful change in the city’s infrastructure."

M Maheshwar Rao, Managing Director, BMRCL, said, “Outer Ring Road corridor is an important mobility route in Bengaluru, connecting key commercial hubs, IT parks, and residential areas. Such partnerships are instrumental in accelerating infrastructure growth, and we look forward to working together to build a more accessible and sustainable metro network for the city.”

Moneycontrol News
first published: Mar 3, 2025 06:35 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347