Embassy REIT to invest Rs 2,800 cr in developing office spaces

19 May 2021 CW Team

Embassy Real Estate Investment Trust (Embassy REIT) is planning to invest more than Rs 2,800 crore for the development of its office spaces across India.

The higher officials of the company informed the media that Embassy REIT needs to take possession of more land for the business in various cities to expand their reputation.

Since Embassy REIT currently owns office properties in about 5.7 million sq ft of land that is still under development, the request for office space has ceased for a while but will see light soon. The break is due to the sudden surge of the second wave of Covid-19.

The resumption is expected soon after the employees are back to the office. The construction will be continued and the projects are expected to be completed from 2023 onwards, said Vikaash Khdloya, the chief working officer.

The agency has a pan-India acquisition capacity of 31.2 million sq ft with a Right of First Offer (ROFO) opportunity from the Embassy Sponsor and an alternative of another 4.2 million sq ft from various builders.

In spite of being hit by the pandemic, Embassy REIT signed 1.2 million sq ft of lease contracts in FY20.

Mike Holland, Chief Executive of Embassy REIT told the media that the company has advanced despite being hit by the pandemic, with a 12% annual growth in net operating income (NOI) in FY20 and 89% occupancy. He added that the future of the company is in safe hands in India.

In the previous fiscal year, the agency raised Rs 5,200 crore debt at a coupon charge of 6.9% and renewed finance of Rs 3,280 crore, financial savings of 336 foundation factors. 100 foundation factors are one share level.

Image Source

Also read: Macrotech Developers plan to invest Rs 2,800 cr on realty in FY22

Also read: Over 7,400 office leases up for renewal in 2021

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..