Embassy Developments signs JDA for Rs 1,600 crore premium residential project in Bengaluru
Embassy Developments Ltd
. ('EDL'), a
real estate development
form has signed a
Joint Development Agreement
(JDA) for a 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 ₹1,600 crore.
Located in Whitefield, the development will span 1.6 msf of saleable area and feature 1,000 apartments for young professionals, including 2, 2.5, and 3 BHK configurations.
The launch is targeted for FY2027, aimed at catering to strong demand from IT and ITeS professionals in the region.
'Whitefield continues to be a strategic focus for us. As a predominantly end-user-driven micro-market, it has shown greater resilience supported by sustained demand from Bengaluru's professional workforce and ongoing infrastructure growth. While we have a secured launch pipeline of 10 projects for FY2026 with an expected GDV of over ₹22,000 crore, this deal reinforces our commitment to building a robust future pipeline and we are actively exploring new opportunities across key markets,' said Aditya Virwani, Managing Director,
Embassy Developments Limited
.
With a strategic focus on Bengaluru, the Mumbai Metropolitan Region (MMR), and the National Capital Region (NCR), the company also has a presence in Chennai, Jodhpur, Vadodara, Vizag, and Indore. EDL boasts a diversified
residential portfolio
, offering a well-balanced mix of high-value and high-volume developments across mid-income, premium, and luxury segments. Its portfolio of ready, ongoing, and future residential developments includes branded residences, uber-luxury apartments and villas, exclusive town homes, condominiums, integrated townships, senior living communities, and contemporary homes.
Embassy Developments Limited (formerly known as Equinox India Developments Limited and earlier as Indiabulls Real Estate Limited, is a real estate development firm, specializing in the construction and development of residential, commercial, and Special Economic Zone (SEZ) projects across Indian cities. With a strategic focus on Bengaluru, the Mumbai Metropolitan Region (MMR), and the National Capital Region (NCR), the company also has a presence in Chennai, Jodhpur, Vadodara, Vizag, and Indore.
EDL has a diversified residential portfolio, offering a well-balanced mix of high-value and high-volume developments across mid-income, premium, and luxury segments. Its portfolio of ready, ongoing,and future residential developments includes branded residences, uber-luxury apartments and villas, exclusive town homes, condominiums, integrated townships, senior living communities, and contemporary homes.
Following recent approval on the scheme of merger between Nam Estates Private Limited and the Company, by the National Company Law Appellate Tribunal (NCLAT) on January 7, 2025, Embassy Group (Jitendra Virwani and Aditya Virwani with certain group entities) has become the new promoter with a 42.44% controlling stake. The merger was successfully implemented with effect from January 24, 2025, and the Company has been renamed as Embassy Developments Limited effective February 13, 2025.
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