<h1>Major realty firm acquires 20-acre Bengaluru land for Rs 588 crore to develop mixed-use project</h1> A major realty firm acquired a 20.19-acre land parcel in the Whitefield-Hoskote corridor of Bengaluru for Rs 588.33 crore through an outright purchase. The company plans to develop a mixed-use housing-cum-commercial project on the site, with a total development potential of 4.2 million square feet. The firm expects to generate revenue of Rs 5,200 crore from this upcoming project. The acquisition is part of the company's expansion strategy to create integrated destinations combining residential, commercial, and leisure facilities. The Managing Director stated that the Whitefield-Hoskote belt is positioned for significant growth, and the company aims to contribute to the area's transformation. The firm maintains a strong presence in South India's real estate market.