Embassy Developments Targets Rs 80 bn Pre Sales In FY27

17 Jun 2026 CW Team

Embassy Developments said it is targeting Rs 80 billion (Rs 80 bn) of pre-sales in 2026-27 as housing demand remains strong across major cities and the company seeks to capitalise on market momentum. The managing director indicated that the firm recorded a 128 per cent rise in sales bookings in 2025-26 to Rs 46.31 bn, which was slightly short of its annual guidance but reflected robust consumer interest.

The company reported that demand is particularly resilient for well-designed and high-quality residential properties sold by branded developers with proven execution. The target includes sales bookings of Rs 20 bn from two development management projects in which the firm will build and sell apartments and receive 10 per cent of revenue as a fee. To meet the fiscal target, the group plans to launch nearly Rs 195 bn worth of homes across Bengaluru, the Mumbai metropolitan region and Delhi-NCR.

Embassy Developments noted that it holds around Rs 110 bn of inventory in ongoing projects and that domestic end-user demand remains intact despite slower investment buying linked to conditions in West Asia. The firm highlighted that the main impact has been on the availability and price of certain building materials, particularly tiles, and said rising input costs have caused a short-term compression in profit margins. Management indicated it has some cushion to absorb cost increases.

The company said it has secured favourable outcomes in key legal and regulatory matters, including the setting aside of insolvency proceedings by the National Company Law Appellate Tribunal, which should ease shareholder concerns. Financial results showed a net loss of Rs 8.72 bn in 2025-26 against a profit of Rs 1.94 bn in the preceding year while total income declined to Rs 19.05 bn from Rs 25.47 bn, and management expects revenue recognition to strengthen going forward. The firm reported a land bank of more than 3,000 acres and a portfolio of nearly 40 million (40 mn) square feet.

Infrastructure Urban

27 Jul 2026

Meghalaya Launches Rs 1.75 Billion Mission for Lakadong Turmeric

Meghalaya has launched Mission Golden Spice: Integrated Lakadong Turmeric Value Chain Enhancement Project, marking a major step towards establishing the state as a global centre for premium, organic and GI-tagged Lakadong turmeric.Launched at Sanchar Bhavan in New Delhi, the initiative aims to transform Meghalaya’s agricultural sector by moving farmers from traditional commodity production towards a value-driven, entrepreneurship-led ecosystem. Through a Community-Public-Private Partnership (CPPP) model, the project focuses on strengthening processing capabilities, improving market access an..

Staunch Electronics Expands EMS Capabilities Amid India’s Manufacturing Growth

Staunch Electronics India, an Electronics Manufacturing Services (EMS), Original Equipment Manufacturer (OEM), and Original Design Manufacturer (ODM), is strengthening its presence in India’s growing electronics manufacturing ecosystem through its focus on manufacturing excellence, innovation, and customer-centric partnerships.Founded in 2014, Staunch Electronics India has built over a decade of manufacturing expertise, providing electronic manufacturing solutions across multiple industries. The company offers integrated EMS, OEM, and ODM services covering product engineering, design support..

Dreamfly plans 200 MWh drone battery facility

Dreamfly Innovations has announced plans to establish a 40,000 sq ft aviation battery manufacturing facility in North Bengaluru with an initial annual capacity of 100 MWh, scalable to 200 MWh.The facility will produce advanced batteries for defence, surveillance, inspection, agricultural spraying, logistics and emerging air mobility platforms such as air taxis. The company said the project would strengthen India’s domestic drone supply chain by expanding local production of a critical unmanned aerial system component.Dreamfly currently reports indigenous content of 77% in its products. The c..