Embassy Developments Ltd News

Embassy Developments pre-sales to jump 2.5-fold to ₹5,000 crore

Realty firm Embassy Developments Ltd's sales bookings will jump two-and-a-half times to Rs 5,000 crore this fiscal on strong housing demand, a top company official said. In an interview with PTI, Embassy Developments Ltd (EDL) Managing Director Aditya Virwani noted that the company's business activities have now gathered pace after the takeover of Indiabulls Real Estate (IBREL). "We have sold properties worth about Rs 2,000 crore in the first nine months of this fiscal," he said. Virwani expressed confidence that the company would be able to sell housing properties worth Rs 3,000 crore during the current quarter with the help of new launches of residential properties in Mumbai Metropolitan Region (MMR) as well as sustenance sales in the existing projects. Embassy Developments clocked sales of Rs 2,031 crore last fiscal as against Rs 1,838 crore in 2023-24. Virwani said the company is now completely focusing on completing a few legacy housing projects and also launching new ...

Embassy Developments to invest ₹4,500 crore to expand its Mumbai footprint

Embassy Developments will invest Rs 4,500 crore to launch three luxury residential projects in Mumbai with a GDV of Rs 12,000 crore, expanding its MMR footprint from Q4 FY26

Embassy Developments to invest ₹7,000 crore in Mumbai housing market

Realty firm Embassy Developments on Tuesday said it will invest Rs 7,000 crore in the Mumbai property market to build three new luxury housing projects and complete three ongoing properties as part of its strategy to expand business amid strong consumer demand. Embassy Developments Ltd (EDL) will soon launch three projects at Juhu, Worli and Alibaug in the Mumbai Metropolitan Region (MMR). EDL, erstwhile Indiabulls Real Estate Ltd, is listed on stock exchanges as one of the leading real estate companies in the country. Bengaluru-based Embassy Group also has two other listed firms -- WeWork India and Embassy Office Parks REIT. "We are ready for the next chapter of growth in Mumbai," EDL Chairman Jitu Virwani told reporters here. He said the housing demand continues to be strong. "Mumbai is an important market for us. We will be investing Rs 7,000 crore in MMR," EDL Managing Director Aditya Virwani told reporters here. He said the investments will be focused on completing the thre

Embassy Developments shares rise 4% on post Q3 update; details here

In the December quarter (Q3FY26),Embassy Developments recorded strong pre-sales of ₹1,392 crore during Q3FY26, representing a quarter-on-quarter (Q-o-Q) growth of 240 per cent compared to Q2FY26.

Embassy Developments sent to insolvency by NCLT; firm challenges order

The NCLT, in its order earlier this week, admitted Canara Bank's plea to initiate insolvency proceedings against Embassy Developments Ltd

Embassy Developments to launch 6 residential projects valued at ₹10,300 cr

The developer plans six residential launches and a ₹5,000 crore pre-sales target as demand stays strong in the city's northern market

Embassy to launch 14-acre luxury housing project in North Bengaluru

The 1.55 mn sq. ft. project within Embassy Springs will feature 800 premium homes, marking another key addition to the developer's expanding Bengaluru portfolio