Embassy Developments gains on inking JDA for 17.9 acres land parcel in Bengaluru
Embassy Developments is currently trading at Rs. 117.45, up by 0.75 points or 0.64% from its previous closing of Rs. 116.70 on the BSE.
The scrip opened at Rs. 116.90 and has touched a high and low of Rs. 118.30 and Rs. 115.75 respectively. So far 14831 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 164.40 on 24-Jun-2024 and a 52 week low of Rs. 89.30 on 09-May-2025.
Last one week high and low of the scrip stood at Rs. 120.75 and Rs. 111.20 respectively. The current market cap of the company is Rs. 15939.45 crore.
The promoters holding in the company stood at 43.36%, while Institutions and Non-Institutions held 18.83% and 37.81% respectively.
Embassy Developments has signed a joint development agreement (JDA) for around 17.9 acres land parcel in Whitefield, Bengaluru. The planned development will comprise a premium residential community with an estimated gross development value (GDV) of around Rs 1600 crore.
The development will span around 1.6 msf of saleable area and feature around 1,000 thoughtfully designed apartments for young professionals, including 2, 2.5, and 3 BHK configurations. Launch is targeted for FY2027, aimed at catering to strong demand from IT and ITeS professionals in the region.
Embassy Developments (formerly known as Equinox India Developments and earlier as Indiabulls Real Estate) is one of India’s leading real estate developers, specializing in the construction and development of residential, commercial, and Special Economic Zone (SEZ) projects across Indian cities.
