Embassy Developments Enters MMR With Three Residential Projects

21 Jan 2026 CW Team

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.

Infrastructure Energy

18 Feb 2026

Larsen & Toubro To Divest Nabha Power To Torrent Power

Larsen & Toubro Limited, hereafter L&T, has agreed to divest its entire stake in Nabha Power Limited to Torrent Power Limited, with the companies announcing the transaction. The deal will transfer ownership of the thermal power project and associated assets to Torrent Power as part of L&T's portfolio rationalisation. L&T is a US dollar 30 bn Indian multinational engaged in engineering, procurement and construction projects, hi-tech manufacturing and services across multiple geographies. The company attributes its market position to a strong customer-focused approach and sustained quality over ..

Centre Approves Road Projects Worth Over Rs110 bn

The central government has approved road projects worth over Rs110 bn across Maharashtra, Gujarat and Telangana, according to the Ministry of Road Transport and Highways. The approvals follow a cabinet committee decision and are intended to improve connectivity and reduce travel times on key corridors. The package covers multiple stretches of national highways and involves both construction and widening works. In Gujarat, the ministry approved construction of four-lane sections on the Dhamasiya-Bitada/Movi and Nasarpore-Malotha stretches at a combined capital cost of about Rs45.84 bn. The prin..

Prime Minister Inaugurates India AI Impact Expo 2026

Prime Minister Narendra Modi inaugurated the India AI Impact Expo 2026 at Bharat Mandapam in New Delhi, opening a national platform for Artificial Intelligence (AI) demonstration and dialogue. The event brought together innovators, researchers and technology enthusiasts from across the country and abroad to showcase applications and research. The inauguration underscored the government’s intent to position India as a significant contributor to global AI development. The prime minister noted in a post on X that being among innovators, researchers and tech enthusiasts offered a clear view of t..