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NEW DELHI: Inspira Builders has bought over two acres of land in Electronic City, Bengaluru, Savills India, an international property consultant, which facilitated the deal informed in the media release.

The company will develop a residential township spanning over two lakh sq ft with an estimated valuation of Rs 150 crore.

“This stalled project had various stakeholders to deal with; Savills team was instrumental in settling with all pending issues and landowner concerns to seal the deal,” it said.

The land was to be developed by Sycon Construction earlier, and is now taken over by Inspira Builders.

In the coming months, we anticipate more such residential projects gaining traction given the connectivity and infrastructure around Electronic city, said Rajan Kumar Mishra, senior director (Land Advisory & Transactions), Savills India.

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