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Embassy Developments Ltd plans to invest over ₹7,000 crore in luxury residential projects across Mumbai, including Worli, Juhu, and Alibaug. The company will spend ₹4,500 crore on new premium projects in MMR and ₹2,500 crore to complete ongoing developments, it said.
Bengaluru-based real estate company Embassy Developments Ltd has announced a major expansion plan in the Mumbai Metropolitan Region (MMR). The company will invest around ₹7,000 crore to develop new luxury residential projects and complete ongoing developments in the region.
The move marks a strong push by the developer to expand its presence in one of India’s most premium housing markets.
As part of its new strategy, Embassy Developments Ltd will invest more than ₹4,500 crore to develop three premium residential projects across:
These projects together will have a gross development value (GDV) of over ₹12,000 crore and will cover around 1.58 million sq ft of development area.
The company plans to begin launches from the fourth quarter of FY26, depending on approvals and market conditions.
The flagship project in Mumbai will be located in Worli, one of the city’s most premium locations.
The project, named Embassy Citadel, will be an ultra-luxury residential development with a GDV of more than ₹8,800 crore.
Key highlights include:
This project is expected to become one of the most premium residential developments in Mumbai.
In Juhu, Embassy Developments Ltd will develop a luxury residential project spread across more than two acres.
This project is designed for multi-generational families looking for spacious and high-end homes in Mumbai’s prime coastal location.
The project is currently waiting for regulatory approvals.
The company will also develop a lifestyle and second-home project in Alibaug.
This project will target buyers looking for holiday homes and weekend villas near Mumbai. It will offer a resort-style living experience within driving distance from the city.
This project is also awaiting approvals.
Apart from new launches, Embassy Developments Ltd will also invest around ₹2,500 crore to complete its existing residential projects in the Mumbai region.
These projects include nearly 5,000 housing units that are currently under development.
The company aims to ensure timely delivery and strengthen buyer confidence.
The company stated that its Mumbai expansion comes after a year of strong execution and financial stabilisation.
Earlier, the developer completed and delivered six long-pending residential projects, including developments in:
More than 3,300 families have already received possession of their homes.
Chairman of Embassy Developments Ltd, Jitu Virwani, said the company has always focused on long-term value creation and quality construction.
He added that entering Mumbai is a key step in building a strong pan-India residential presence.
Managing Director Aditya Virwani said Mumbai is one of India’s most mature housing markets. Buyers here focus strongly on trust, execution quality, and timely delivery.
He also said the company will focus only on high-quality, selective projects rather than large-volume expansion.
Embassy Developments Ltd expects pre-sales of around ₹5,000 crore in FY26, supported by upcoming launches and strong demand in luxury housing.
The company also holds a land bank of over 3,000 acres and has already developed more than 75 million sq ft across India.
With this Mumbai expansion, the company aims to strengthen its position in the luxury real estate segment and grow its presence across major Indian cities.
