Embassy Developments Hands Over Dream Homes to 3,000 Families in Six Long-Stalled Projects
Embassy Developments Ltd has successfully delivered six legacy real estate projects, providing homes to over 3,000 families in Mumbai, Thane, Gurugram, and Visakhapatnam.
Real EstateHome BuyersProject CompletionEmbassy DevelopmentsResidential CommunitiesReal EstateOct 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 are the six projects that Embassy Developments has completed?
The six projects are The Blu Estate & Club in Worli, Sky Forest in Lower Parel, One Indiabulls in Thane, Indiabulls Sierra in Visakhapatnam, Enigma in Gurugram, and Centrum Park in Gurugram.
How many families will benefit from these completed projects?
Over 3,000 families will benefit from the completion of these projects.
What is the significance of the Occupation Certificates (OCs) for these projects?
The OCs are essential as they confirm that the projects are ready for occupation, ensuring that families can move into their new homes legally and safely.
What is Embassy Developments' focus after completing these projects?
Embassy Developments' focus remains on completing, handing over, and unlocking value across all projects while upholding the highest standards of governance, delivery, and customer trust.
How will the completion of these projects affect Embassy Developments' financial position?
The completion of these projects will strengthen Embassy Developments' balance sheet by unlocking embedded portfolio value and positioning the company for its next phase of growth.
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