Embassy Developments Signs MoU for ₹1,500 Crore Project in UP


NEW DELHI: Embassy Developments has finalized a non-binding memorandum of understanding (MoU) with the Uttar Pradesh government for a proposed commercial real estate project in Lucknow.

The preliminary proposal, signed under the Invest UP initiative, plans for the development of approximately 2.5-3 million sq ft of office-centric commercial real estate, with an estimated investment of around ₹1,500 crore.

This development will signify Embassy Developments’ entry into the commercial real estate sector within the state.

“Lucknow has the potential to transform into a robust commercial hub for the next phase of India’s office-led growth,” stated Jitendra Virwani, chairman of Embassy Group. He added that the proposed development aims to enhance business infrastructure and generate employment opportunities in the state.

  • Published On Jun 25, 2026 at 08:51 AM IST

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