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Embassy Developments is set to launch six residential projects in North Bengaluru with a combined Gross Development Value (GDV) of about INR 103 billion. These projects include premium RERA approved developments within the Embassy Springs township, as well as a villa community across 116 acres. This move aligns with the company's broader FY26 ambitions to launch ten projects with a GDV target of INR 220 billion, building on the momentum of its merger and recent balance sheet strengthening.
Embassy Developments Ltd is planning to launch six residential projects in North Bengaluru, altogether valued at roughly INR 103 billion. Three of these are within the integrated Embassy Springs township, where two premium, RERA approved projects Embassy Greenshore and Embassy Verde Phase II - will be offered. Greenshore will include more than 800 apartments across 2, 3, and 4?BHK configurations. Advertisement
Another significant project is a development in Hebbal, adjacent to Embassy Lake Terraces. This 10?acre development will feature over 600 homes in 3 and 4 BHK layouts, catering to buyers who prefer more space. Apart from these, the company will unveil two villa projects: one invite-only community and a premium villa development. Together, those villa projects span 116?acres.
This launch push comes at a time when Embassy is aggressively expanding its pipeline. For its FY26 goals, the company expects to launch a total of ten projects, aiming for a GDV of over INR?220?billion a figure that splits between residential (around INR?186?billion) and commercial developments.
The new announcement builds on earlier developments: in recent months, Embassy completed six previously stalled legacy projects, providing homes to more than 3,000 families and securing occupation certificates for them.This underscores its operational strength and ability to resolve past execution challenges.
From a financial standpoint, the company has also fortified its balance sheet. It raised approximately INR?1,060?crore through the conversion of unlisted warrants into equity, backed by its promoters and Blackstone Real Estate. Its FY25 results further reflect a turnaround: Embassy reported a consolidated net profit of INR 123.04 crore for the quarter ended March 31, 2025, reversing prior losses.
Beyond residential expansion, Embassy is also considering a commercial divestment: it has proposed a premium commercial development in Whitefield, Bengaluru, to its REIT platform (Embassy Office Parks REIT), with a projected GDV of INR 3,200-3,700 crore. Separately, it has signed a Joint Development Agreement (JDA) for a 17.9 acre parcel in Whitefield, aiming to build about 1,000 apartments with a GDV of approximately INR?1,600?crore.
Source Reuters
5th Jun, 2025
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