How the Hoskote land deal came together
Business Standard reported on 5 August 2025 that Assetz Property Group had acquired 11.5 acres on the Old Madras Road-Hoskote highway, in a funding partnership with Motilal Oswal Alternates - worth Rs 125 crore, the Economic Times reported the same day - and with a joint-development component involving Vanshee Builders & Developers Pvt Ltd. The same report put the scheme at about 1.4 million sq ft of saleable area and a gross development value exceeding Rs 1,400 crore across approximately 800 homes. Construction World carried the announcement on the same terms. For another Bengaluru read, Assetz Twin Lake City helps ground the project story in buyer fit, product type, and the level of document clarity needed before moving ahead.
The land itself measures 11 acres 23.5 guntas - about 11.6 acres, held through a sale deed and a joint-development agreement - which is the 11.5 acres of the announcement; the deck's "approximately 11 acres" is close to the net plot of about 10.9 acres left once the civic-amenity site is set aside. The land consideration was not disclosed. The site lies in Dandupalya village, Kasaba hobli, inside the BMRDA planning area of Hoskote taluk rather than within BBMP limits, which determines who sanctions the plans and which approvals you should ask to see.
Where the project stands in September 2026
The approvals are moving. The environmental clearance was granted on 23 March 2026 (EC identification EC25C3801KA5628223N) for the first 576 homes - Towers B and C in full and Tower A up to ground plus 8 - and in August 2026 Assetz applied to extend it to all 800 homes, with Tower A rising to ground plus 36. That expansion is under examination. Assetz's own project page, live since the end of July 2026, still lists Hoskote as a forthcoming project, with no launch date, configuration or price, so the areas, prices and amenity counts quoted here come from the developer's pre-launch deck and Expression of Interest form.
Karnataka RERA registration is the step still to come: the project is not registered as at 21 September 2026, thirteen months after the land deal. Channel partners promoted a pre-launch on 2 February 2026 and a launch in March or April 2026, and neither happened; the December 2030 possession date in circulation has never been published by Assetz. None of that means the project is unsound, but under RERA an unregistered project cannot lawfully be advertised, booked or sold, so pay nothing beyond a refundable expression of interest until a registration number is issued.
