Ezzy Group to invest Rs. 800 cr more in Bengaluru realty market

Real estate developer Ezzy Group plans to invest an additional Rs. 800 crore in Bengaluru over the next four years.

So far the company has infused a total investment of Rs. 200 crore to develop one million square feet of premium luxury housing across three new projects – Andalusia, Gallery Central, and Ezzy Tower, all to be launched this year.

The company announced that it has launched a high-end project – ‘The Avenue’ – that was launched by international supermodel and cine actress Angela Krislinzki.

Ezzy Group’s Managing Director Hisham Tamiz, said: “We have developed a business vision for 2020 to take up a series of property developments in Bengaluru.”

“A city like Bengaluru has immense potential to absorb luxury real estate, still I believe there is a vacuum in supply. The city’s economic growth in the last five years has accelerated the growth of start-up companies, heavy industries and manufacturing, resulting in creating HNIs wanting to upgrade to a luxury lifestyle,” he added.

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