<h1>Major developer secures 5.5-acre Bengaluru land parcel for Rs 1,000 crore ultra-luxury residential project</h1> A major real estate developer announced a joint development agreement for a 5.5-acre land parcel in East Bengaluru's Balagere area, with an estimated gross development value exceeding Rs 1,000 crores. The project offers 0.83 million square feet of saleable area and is positioned as an ultra-luxury residential development targeting high-end buyers. The site benefits from proximity to IT hubs and established infrastructure, with project launch expected within six to nine months. This acquisition follows the company's recent land acquisitions in Kanakapura Road and North Bengaluru, reflecting its strategic expansion in key micro-markets.