Embassy Developments moves up on expanding into Mumbai Metro politan Region
Embassy Developments is currently trading at Rs. 63.61, up by 0.33 points or 0.52% from its previous closing of Rs. 63.28 on the BSE.
The scrip opened at Rs. 63.29 and has touched a high and low of Rs. 64.40 and Rs. 63.29 respectively. So far 489 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 163.70 on 21-Jan-2025 and a 52 week low of Rs. 55.80 on 05-Jan-2026.
Last one week high and low of the scrip stood at Rs. 69.95 and Rs. 63.28 respectively. The current market cap of the company is Rs. 8799.93 crore.
The promoters holding in the company stood at 42.66%, while Institutions and Non-Institutions held 29.74% and 27.59% respectively.
Embassy Developments (EDL) has expanded into the Mumbai Metropolitan Region (MMR), marking the first residential developments under the Embassy brand in the city. As part of this strategic expansion, EDL plans to invest around Rs 4,500 crore to increase its Mumbai footprint with three marquee residential projects across Worli, Juhu, and Alibaug. Together, the three projects represent a combined Gross Development Value (GDV) in excess of Rs 12,000 crore and a total development footprint of around 1.58 million sq. ft (RERA carpet area). Launches are planned to commence from Q4FY2026.
With a legacy spanning more than three decades, Embassy Group has delivered more than 75 million sq. ft. in 22 plus cities, through a diversified portfolio across residential, commercial, flexible workspaces, hospitality, education, and property management. The Company’s evolution in Mumbai reflects its long-term conviction in India’s most discerning housing market and brings to the city a residential ideology shaped by the delivery of over 21 million sq. ft. of homes across South India. The Company will leverage its established development capabilities, hospitality-led residential experiences, and deep understanding of what customers value to build a distinct luxury and premium residential presence in Western India.
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.
