Embassy Developments Enters MMR With Three Residential Projects
Real Estate

Embassy Developments Enters MMR With Three Residential Projects

Embassy Developments (EDL) has announced its entry into the Mumbai Metropolitan Region (MMR) with the launch of three residential projects in Worli, Juhu and Alibaug, marking the first Embassy-branded residential developments in the city. The company plans to invest around Rs 45 billion as part of this expansion, with the combined Gross Development Value (GDV) of the three projects expected to exceed Rs 120 billion. The developments will together span about 1.58 million sq ft of RERA carpet area, with launches scheduled to begin from Q4 FY2026.

The Worli project, Embassy Citadel, is positioned as an ultra-luxury single-tower development with a GDV of over Rs 88 billion and has received RERA approval. The proposed Juhu project will be a low-density luxury development with an estimated GDV of around Rs 30 billion, while the Alibaug project will focus on lifestyle and second-home living with a GDV of approximately Rs 4 billion; both are pending approvals.

Over the past year, EDL has completed and handed over six long-pending residential projects, including three in Mumbai, delivering homes to over 3,300 families. The company expects to achieve pre-sales of about Rs 50 billion in FY26, supported by a calibrated launch pipeline and a land bank exceeding 3,000 acres.

Embassy Developments (EDL) has announced its entry into the Mumbai Metropolitan Region (MMR) with the launch of three residential projects in Worli, Juhu and Alibaug, marking the first Embassy-branded residential developments in the city. The company plans to invest around Rs 45 billion as part of this expansion, with the combined Gross Development Value (GDV) of the three projects expected to exceed Rs 120 billion. The developments will together span about 1.58 million sq ft of RERA carpet area, with launches scheduled to begin from Q4 FY2026.The Worli project, Embassy Citadel, is positioned as an ultra-luxury single-tower development with a GDV of over Rs 88 billion and has received RERA approval. The proposed Juhu project will be a low-density luxury development with an estimated GDV of around Rs 30 billion, while the Alibaug project will focus on lifestyle and second-home living with a GDV of approximately Rs 4 billion; both are pending approvals.Over the past year, EDL has completed and handed over six long-pending residential projects, including three in Mumbai, delivering homes to over 3,300 families. The company expects to achieve pre-sales of about Rs 50 billion in FY26, supported by a calibrated launch pipeline and a land bank exceeding 3,000 acres.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement