Embassy Developments Delivers Six Long-Stalled Projects, Hands Over Homes to 3,000 Families
Embassy Developments Ltd has successfully completed and handed over six long-stalled real estate projects across Mumbai, Thane, Gurugram, and Visakhapatnam, providing homes to over 3,000 families.
Real EstateHome DeliveryEmbassy DevelopmentsStalled ProjectsResidential CommunitiesReal Estate NewsOct 06, 2025
The completion of these projects underscores the company’s renewed focus on delivery, governance, and customer trust. Once considered a challenging portfolio of stalled assets, these projects have now been transformed into thriving residential communities, reaffirming Embassy Developments’ execution capabilities.
“With Occupation Certificates (OCs) secured and possessions underway, we have demonstrated our execution strength and commitment to customers,” said Sachin Shah, CEO & Executive Director, Embassy Developments Ltd. “Our priority remains to complete, hand over, and unlock value across all projects while upholding the highest standards of governance, delivery, and customer trust.”
In the Mumbai Metropolitan Region (MMR), the company delivered three significant developments. The Blu Estate & Club in Worli, spanning 10.8 acres with 1.4 million sq. ft. and 374 residences, received phased OCs between 2018 and 2022. Condominium association elections are being scheduled to enable Embassy’s exit and transfer of governance to residents.
In Lower Parel, the Sky Forest project, spread across 4.4 acres with 1.6 million sq. ft. and 438 residences, obtained its OC for Towers A2 and A3 in November 2023. Handovers are nearing completion, with resident-led management transitions in progress. In Thane, the One Indiabulls project on a 2.6-acre plot with 388 residences received its Phase I OC in May 2025, and possessions are currently underway.
Beyond MMR, Embassy has delivered Indiabulls Sierra in Visakhapatnam, a 4.8-acre project comprising 620 homes and 0.8 million sq. ft. With the OC secured, families have started moving in under Embassy’s supervision.
In the National Capital Region (NCR), two large-scale Gurugram projects have reached completion. Enigma, launched in 2010, spans 19.9 acres with 480 residences and 1.8 million sq. ft. It received its OCs between 2018 and 2021, with final handovers expected by the end of this year. Centrum Park, covering 22 acres with 1,025 homes, has completed its handovers and now functions as a fully resident-managed community, marking Embassy’s complete exit.
The company said that completing these projects not only brings relief to thousands of homeowners but also strengthens its balance sheet by unlocking embedded portfolio value. The move positions Embassy Developments on a stronger footing as it looks ahead to its next phase of growth.
Frequently Asked Questions
What projects has Embassy Developments delivered recently?
Embassy Developments has delivered six long-stalled projects across Mumbai, Thane, Gurugram, and Visakhapatnam, providing homes to over 3,000 families.
How many homes have been handed over in these projects?
A total of 3,000 homes have been handed over to families across the six projects.
What is the significance of these project completions?
These completions underscore Embassy Developments' focus on delivery, governance, and customer trust, transforming challenging assets into thriving residential communities.
What are some of the notable projects in the Mumbai Metropolitan Region (MMR)?
Notable projects in MMR include The Blu Estate & Club in Worli, Sky Forest in Lower Parel, and One Indiabulls in Thane.
What is the future outlook for Embassy Developments after these project completions?
Completing these projects not only brings relief to thousands of homeowners but also strengthens Embassy Developments' balance sheet, positioning the company for its next phase of growth.
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