Embassy Developments Sells Units Worth ₹860 Crore at Embassy Greenshore
Filing Summary
Embassy Developments Ltd. announced the sale of over 450 units valued at approximately ₹860 Crore during the launch of its new residential project, Embassy Greenshore, in North Bengaluru. The project spans 14 acres and includes 878 apartments across two phases. Phase 1, comprising 700 units, achieved significant bookings within five days. The development is part of Embassy Springs and offers a range of amenities and proximity to key locations. The company plans to launch Phase 2 by January 2026. Embassy Developments continues to expand its presence in the Bengaluru residential market.
Embassy Developments Ltd. reported the sale of over 450 units worth approximately ₹860 Crore at the launch of its new residential project, Embassy Greenshore. The project is located within Embassy Springs, North Bengaluru, and is part of the company’s strategic expansion in the region. The launch witnessed significant market interest, resulting in substantial bookings within a short period.
The financial details of the project indicate that the bookings for Phase 1 of Embassy Greenshore, comprising 700 units, reached approximately ₹860 Crore within five days. This phase covers 1.34 million square feet of saleable area. The project offers a mix of 2, 3, and 4 BHK apartments, catering to upper-mid-segment buyers. The development’s pricing strategy and unit configurations are designed to attract a specific market segment in North Bengaluru.
Operationally, Embassy Greenshore spans approximately 14 acres and includes a total of 878 apartments across two phases. The project is characterized by its meticulous master planning, ensuring privacy and access to a central park and various amenities. The development emphasizes larger living spaces and premium finishing standards, aligning with the company’s focus on providing an elevated living experience.
The timeline for the project includes the successful launch of Phase 1, with Phase 2 scheduled for launch by January 2026. The upcoming phase will feature a premium tower, further expanding the project’s offerings. Embassy Developments aims to maintain its momentum in the residential market with these strategic launches.
Embassy Developments Ltd. is the primary entity responsible for the development and sale of units at Embassy Greenshore. The company’s Chief Revenue Officer, Reeza Sebastian Karimpanal, highlighted the project’s design and market appeal as key factors in its successful launch. The project benefits from its location near Kempegowda International Airport and key employment hubs, enhancing its attractiveness to potential buyers.
The market context for Embassy Greenshore includes its positioning within Embassy Springs, a large integrated township in North Bengaluru. The project is part of the company’s broader strategy to strengthen its presence in the Bengaluru residential market. Embassy Developments continues to focus on delivering projects that meet the evolving demands of homebuyers in the region.
Embassy Developments Ltd. is a leading real estate developer in India, specializing in residential, commercial, and SEZ projects. The company has a strategic focus on key regions such as Bengaluru, the Mumbai Metropolitan Region, and the National Capital Region. Embassy Developments is committed to expanding its portfolio and delivering high-value projects across various market segments.