Embassy Developments enters MMR; launches 3 residential projects worth over Rs 12,000 crore

Mumbai Real Estate: Embassy Developments Ltd (EDL) has announced its entry into the Mumbai Metropolitan Region (MMR) with the launch of three residential projects, marking the company’s first residential developments under the Embassy brand in Mumbai.

Embassy Developments investment plans and project pipeline

As part of the expansion, the company plans to invest around Rs 4,500 crore to strengthen its presence in the region. The three projects, located in Worli, Juhu and Alibaug, have 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. Project launches are expected to begin in the fourth quarter of FY2026.

Worli project details: GDV of over Rs 8,800 crore

According to the company's exchange filing, 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. The single-tower development spans nearly 1 million sq ft of RERA carpet area and is 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. According to the company, 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 received RERA approval.

Juhu project overview: Estimated GDV of around Rs 3,000 crore

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. The 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.

Alibaug project details: Estimated GDV of about Rs 400 crore

The company’s 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 pre-sales target

Embassy Developments said it is targeting pre-sales of approximately Rs 5,000 crore in FY26, supported by planned project launches. The company added that it maintains a comfortable debt-equity position and has a long-term development pipeline backed by a land bank of over 3,000 acres.