Assetz Eyes ₹7,500 Crore Residential Bonanza

Bengaluru-based real estate developer Assetz is set to launch residential projects with a gross development value (GDV) of ₹7,500 crore in FY26. The company is also exploring the possibility of an initial public offering (IPO), although no specific timeline has been determined.

For FY25, the combined GDV of its unsold inventory and planned project launches is estimated at approximately ₹10,000 crore. Backed by marquee investors such as NIIF, JP Morgan, and Apollo Global Management, Assetz operates across multiple verticals including residential, commercial, warehousing, and data centres. The company currently owns 600 acres of land, with 250 acres actively under development, primarily acquired through joint development agreements and selective purchases.

As part of its growth strategy, Assetz plans to expand into South Bengaluru and launch 6,000 homes over the next 15 to 18 months. It also aims to acquire 10 additional land parcels, increasing its total holdings to 27.

Evolving from a traditional construction firm to a lifestyle-oriented developer, Assetz is positioning itself to meet the expectations of millennial and Gen Z homebuyers with competitively priced, high-quality housing. The company is targeting a 45% compound annual growth rate (CAGR) in pre-sales over the next three years.

News by Rahul Yelligetti.