Embassy Developments surges on getting MahaRERA nod for first project in Alibaug
Embassy Developments is currently trading at Rs. 64.65, up by 1.47 points or 2.33% from its previous closing of Rs. 63.18 on the BSE.
The scrip opened at Rs. 64.40 and has touched a high and low of Rs. 65.80 and Rs. 63.55 respectively. So far 33462 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 137.90 on 21-Feb-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. 65.80 and Rs. 62.50 respectively. The current market cap of the company is Rs. 8990.45 crore.
The promoters holding in the company stood at 42.65%, while Institutions and Non-Institutions held 28.14% and 29.20% respectively.
Embassy Developments has received approval from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for Phase I of Embassy Serenity, its first residential project in Alibaug within the Mumbai Metropolitan Region (MMR), marking the company’s entry into the lifestyle and second-home segment. Located in Thal Village, Alibaug, Embassy Serenity is envisioned as a resort-style retreat that combines tranquility with excellent connectivity to Mumbai via upgraded road and ferry infrastructure. Often referred to as the ‘Hamptons of Mumbai’, Alibaug has evolved into a preferred second-home destination for high-end homebuyers seeking greenery and exclusivity, away from the city bustle.
The overall project spans around 0.2 million sq. ft. of RERA carpet area with an estimated gross development value (GDV) of around Rs 400 crore. Set across a 7-acre land parcel, the approved phase will feature five G+5 towers comprising 52 spacious residences in duplex and simplex configurations. The project launch is planned for this quarter, and possession targeted for 2030, subject to regulatory approvals and construction progress.
The residences at Embassy Serenity will be professionally managed by Embassy Services (ESPL). Homeowners will also have access to WAYS (World At Your Service) - personalised lifestyle and housekeeping packages exclusive to Embassy residential communities.
