Embassy Developments to invest Rs 7,000 crore in Mumbai projects

Realty firm Embassy Developments on Tuesday announced plans to invest Rs 7,000 crore in the Mumbai property market to develop three new luxury housing projects and complete three ongoing properties, as it looks to expand its footprint amid strong consumer demand.

The company said it will soon launch three premium residential projects at Juhu, Worli and Alibaug in the Mumbai Metropolitan Region (MMR), strengthening its presence in key high-value micro-markets.

Embassy Developments Ltd (EDL), formerly known as Indiabulls Real Estate Ltd, said the fresh investment reflects confidence in Mumbai’s housing demand, particularly in the luxury segment, where buyer interest has remained robust despite market fluctuations.

Listed on the stock exchanges, EDL is among the country’s leading real estate developers with a diversified portfolio across residential, commercial and mixed-use projects.

The company said the new launches and completion of ongoing developments will help accelerate growth and consolidate its position in one of India’s most competitive real estate markets.