Embassy Developments Launches Three Mega Residential Projects in MMR Worth Over Rs 12,000 Crore
Embassy Developments Ltd (EDL) has made a significant move into the Mumbai Metropolitan Region (MMR) by launching three new residential projects. This strategic expansion is part of the company's broader plan to strengthen its presence in one of India's most dynamic real estate markets. The total investment is around Rs 4,500 crore, with a combined Gross Development Value (GDV) of more than Rs 12,000 crore and a total development footprint of about 1.58 million sq ft of RERA carpet area. The projects, located in Worli, Juhu, and Alibaug, are expected to start launching in the fourth quarter of FY2026.
The largest of the three developments is Embassy Citadel in Worli, an ultra-luxury residential project with a GDV of over Rs 8,800 crore. This single-tower development spans nearly 1 million sq ft of RERA carpet area and is strategically located in central Worli, near the Four Seasons Hotel. The project will offer 3, 4, and 5-bedroom apartments, along with two triplex mansion residences. Around 100,000 sq ft—over 10 per cent of the total development area—has been allocated to amenities, including a multi-level clubhouse. The project has already received RERA approval.
In Juhu, Embassy Developments is planning a luxury residential project spread across approximately 0.33 million sq ft of RERA carpet area, with an estimated GDV of around Rs 3,000 crore. This low-density development is expected to comprise about 50 homes across more than two acres and is positioned to cater to multi-generational households. The project is currently awaiting regulatory approvals.
The third upcoming development is a lifestyle and second-home residential project in Alibaug. Envisioned as a low-rise, nature-oriented development, the project will cover around 0.2 million sq ft of RERA carpet area and is estimated to have a GDV of about Rs 400 crore. The project is aimed at buyers seeking second homes within driving distance of Mumbai and is also pending approvals.
Embassy Developments is targeting pre-sales of approximately Rs 5,000 crore in FY26, supported by these planned project launches. The company maintains a comfortable debt-equity position and has a long-term development pipeline backed by a land bank of over 3,000 acres. This strategic move into the MMR is expected to further solidify Embassy Developments' position in the Indian real estate market and cater to the growing demand for luxury residential properties in Mumbai and its surrounding areas.
