NEW DELHI: Embassy Developments (EDL) is planning to invest about ₹4,500 crore to expand its presence in the Mumbai Metropolitan Region (MMR) with three residential projects in Worli, Juhu, and Alibaug.
The total gross development value (GDV) of these three projects will exceed ₹12,000 crore, encompassing a combined carpet area of approximately 1.58 million sq ft. Project launches are anticipated to start in the fourth quarter of FY26.
In Worli, EDL is set to develop an ultra-luxury residential project featuring a carpet area of around one million sq ft and an estimated GDV of over ₹8,800 crore. This development will include 3-BHK, 4-BHK, and 5-BHK apartments, as well as two triplex residences.
In Juhu, the company aims to create a low-density luxury residential project covering more than two acres, with a carpet area of about 0.33 million sq ft and an estimated GDV of approximately ₹3,000 crore. The project is expected to comprise around 50 residential units.
The third project in Alibaug will offer a carpet area of around 0.2 million sq ft with an estimated GDV of about ₹400 crore.
In the past year, EDL has completed and delivered six residential projects within its portfolio, providing homes to over 3,300 families. The company expects its Mumbai projects to significantly contribute to its targeted pre-sales of around ₹5,000 crore for FY26.
