Embassy Developments announces Mumbai foray with ₹4,500 crore residential investment

Embassy Developments Ltd.(EDL) announced its expansion into the Mumbai Metropolitan Region (MMR), marking its first residential developments in the city under the Embassy brand.

The company plans to invest around ₹4,500 crore to develop three residential projects across Worli, Juhu and Alibaug. According to EDL, the projects will have a combined gross development value of more than ₹12,000 crore and a total development footprint of about 1.58 million square feet of RERA carpet area. Launches are scheduled to begin from the fourth quarter of FY2026.

The group claims to have delivered over 21 million square feet of residential projects in South India.

EDL said that over the past year it has focused on strengthening governance and stabilising operations. Since taking operational control, the company has completed and handed over six long-pending residential projects, delivering homes to over 3,300 families. This includes three projects in Mumbai, located in Worli, Lower Parel and Thane.

Jitu Virwani, Chairman, Embassy Developments Ltd., said, “For over three decades, Embassy has focused on creating developments that endure - both in quality and in the way they shape neighbourhoods. Bringing this legacy to Mumbai marks an important step in building a strong pan-India residential presence, grounded in the confidence we have built through consistent execution.”

Also Read: Embassy Developments Q3 Update | Pre-sales jump 240% QoQ to ₹1,392 crore

The company had recorded pre-sales of about ₹1,392 crore during Q3FY26, marking a quarter-on-quarter growth of around 240% compared with ₹409 crore in Q2FY26. For the nine months ended FY26, cumulative pre-sales stood at ₹1,999 crore. In Q1FY26, pre-sales were ₹198 crore.

Embassy Developments Ltd shares settled at ₹63.04 on Tuesday, down ₹3.31, or 4.99%, from the previous close.