Tag: Embassy Developments

IndustryLatest Stories

Embassy Developments’ Subsidiary Ordered to Surrender 78 Acres in Bengaluru

Representative image NEW DELHI: Embassy East Business Park (EEBP), a subsidiary of Embassy Developments, has received an order from the Karnataka Industrial Areas Development Board (KIADB) to surrender possession of a 78-acre land parcel in Bengaluru within 30 days, according to a BSE filing by the company. The order, dated March 16, 2026, concerns land located in the Kadugodi Industrial Area, which EEBP has held under a lease-cum-sale agreement executed in June 2007, set to remain in effect until June 2029. KIADB has invoked provisions under section 34B of the Karnataka Industrial Areas Development Act, 1966, claiming a breach of…

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Embassy Developments to invest ₹4,500 crore in Mumbai housing

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…

Latest StoriesResidential

Embassy Developments to Unveil 6 Residential Projects in North Bengaluru

NEW DELHI: Embassy Developments is set to launch six new residential projects worth ₹10,300 crore in North Bengaluru by FY26. Aditya Virwani, the company’s Managing Director, stated, “With RERA approval for two projects, we are entering an exciting growth stage, confident in reaching our pre-sales target of around ₹5,000 crore for FY26.” Among the new developments are Embassy Greenshore and Embassy Verde Phase II, both part of the ambitious Embassy Springs integrated township. Embassy Greenshore will feature over 800 apartments in 2BHK, 3BHK, and 4BHK layouts. Additionally, the third project, spanning 10 acres in Hebbal, will include over 600 residences…

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Embassy Developments Reports ₹152.61 Crore Loss in Q2 FY26

NEW DELHI: Embassy Developments (EDL) disclosed a net consolidated loss after tax of ₹152.61 crore for the quarter ending September 30, 2025, as per their BSE filing. Their net consolidated income for Q2 FY26 was ₹536.90 crore. For the quarter and the half-year, the company secured ₹44.99 crore and ₹1,205.64 crore respectively in share warrant money, with shares allocated accordingly. Furthermore, during this quarter, they received an additional ₹7.10 crore in share warrant money, pending share allocation. “All ongoing projects are on track, with the successful completion of two legacy developments in Vizag and Thane. This progress will soon reflect…

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Embassy Developers’ Promoters Inject ₹1,160 Crore Funds

Here’s a revised version of your content: NEW DELHI: Embassy Developments (EDL) announced that its promoters have successfully completed the subscription of 100% of warrants through the final tranche amounting to ₹67.7 crore, resulting in a total promoter capital infusion of ₹1,160 crore. This investment was made by converting warrants into equity shares at a price of ₹111.51 per share. The funds will be utilized to bolster the balance sheet, finalize ongoing projects, and support future expansion initiatives in key markets. Rajesh Kaimal, Chief Financial Officer of EDL, stated, “With a strengthened equity base, we are well-positioned to enhance project…

Latest StoriesRegulatory

Bombay HC Dismisses MIDC’s Petition on Nashik SEZ Land

The Bombay High Court has dismissed a petition from the Maharashtra Industrial Development Corporation (MIDC) aimed at evicting Indiabulls Industrial Infrastructure from a special economic zone (SEZ) project in Sinnar, Nashik. The ruling upheld prior interim relief granted by the Nashik district judge, which had suspended MIDC’s eviction order from February 29, 2024. Indiabulls Industrial Infrastructure (IIIL) is now part of Embassy Developments. The dispute traces back to 2007 when MIDC and Indiabulls signed an agreement to develop nearly 2,500 acres into an SEZ. MIDC held an 11% equity stake, while Indiabulls retained 89%. Lease agreements were executed from 2007…