Latest news with #EmbassyDevelopments
Time of India
7 days ago
- Business
- Time of India
Embassy Developments to jointly develop 17.9 acres land in Whitefield, Bengaluru
NEW DELHI: Embassy Developments (EDL) has signed a joint development agreement (JDA) for 17.9 acres land parcel in Whitefield , Bengaluru . Aditya Virwani , managing director of the company said, "We have a secured launch pipeline of 10 projects for FY2026 with an expected GDV of over ₹22,000 crore." The planned development will comprise of residential community with an estimated gross development value (GDV) of ₹1,600 crore. The development will span 1.6 million sq ft of saleable area and feature 1,000 apartments including 2, 2.5, and 3 BHK configurations.
Business Standard
23-06-2025
- Business
- Business Standard
Embassy Developments rises after inking joint development pact for land parcel in Bengaluru
Embassy Developments added 1.46% to Rs 118.40 after the company announced the signing of a joint development agreement (JDA) for nearly 17.9-acre land parcel in Whitefield, Bengaluru. The planned development will comprise a premium residential community with an estimated gross development value (GDV) of approximately Rs 1,600 crore. The development will span nearly 1.6 million square feet of saleable area and feature ~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. Nestled off Whitefield Main Road, the project will enjoy access to Whitefields robust social and physical infrastructure, including hospitals, schools, banks, tech parks, and malls. Aditya Virwani, managing director, Embassy Developments, said: "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 Bengalurus professional workforce and ongoing infrastructure growth. While we have a secured launch pipeline of 10 projects for FY2026 with an expected GDV of over Rs 22,000 crore, this deal reinforces our commitment to building a robust future pipeline and we are actively exploring new opportunities across key markets." Embassy Developments is one of Indias leading real estate developers, 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. The company had reported a consolidated net profit of Rs 129.53 crore in the quarter ended March 2025 as against net loss of Rs 98.99 crore during the previous quarter ended March 2024. Revenue increased by 134.03% to Rs 889.31 crore in Q4 FY25 as compared with Q4 FY24.
Business Standard
23-06-2025
- Business
- Business Standard
Embassy Developments signs joint development agreement for residential project in Whitefield, Bengaluru
Embassy Developments has signed a joint development agreement for 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 Rs 1,600 crore. Nestled off Whitefield Main Road, the project will enjoy access to Whitefield's robust social and physical infrastructure, including hospitals, schools, banks, tech parks, and malls. Connectivity is set to improve further with the upcoming Peripheral Ring Road (PRR), Satellite Town Ring Road (STRR), and the recently launched Metro Purple Line. The development will span ~1.6 msf of saleable area and feature ~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.
Business Upturn
23-06-2025
- Business
- Business Upturn
Embassy Developments share jumps 4% after company signs JDA for residential project in Whitefield
By Aman Shukla Published on June 23, 2025, 10:56 IST Embassy Developments shares rose 4% after the company signed a Joint Development Agreement (JDA) for a prime 17.9-acre land parcel in Whitefield, Bengaluru. This strategic move marks the launch of a premium residential project with a gross development value (GDV) of approximately ₹1,600 crore. The project will feature around 1.6 million sq. ft. of saleable area, comprising nearly 1,000 thoughtfully designed apartments. Homebuyers can expect a mix of 2, 2.5, and 3 BHK configurations, tailored for IT and ITeS professionals and urban families seeking modern, lifestyle-centric living in Bengaluru. Located just off Whitefield Main Road, the site offers excellent proximity to top international schools, hospitals, malls, and major tech parks—cementing Whitefield's status as one of Bengaluru's most desirable residential zones. Future connectivity in the region is set to improve further with upcoming infrastructure projects such as the Peripheral Ring Road (PRR), Satellite Town Ring Road (STRR), and the newly operational Metro Purple Line. These upgrades will enhance access to various parts of the city, adding further value to the development. Embassy Developments shares opened at ₹116.75 and touched a high of ₹121.90 during the day, while the low stood at ₹115.65. The stock is trading within a 52-week range of ₹89.22 to ₹163.69. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
30-05-2025
- Business
- Time of India
Embassy Developments posts ₹123.04 crore profit in Q4 FY25
NEW DELHI: Embassy Developments (EDL) has reported net consolidated profit after tax of ₹123.04 crore during the quarter ended March 31, 2025. It had registered loss after tax ₹90.05 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ₹1,182.61 crore in Q4 FY25 as against ₹401.54 crore it recorded in the similar quarter last year. The board of directors have appointed Parag Saraiya, as chief operating officer (North and West), Reeza Sebastian Karimpanal as chief revenue officer (Residential) and Hriday Desai as chief development officer. The company is in the process of considering a divestment of one of its projects located in Whitefield, Bengaluru . Accordingly, EDL will offer an acquisition opportunity to Embassy Office Parks REIT involving a commercial real estate development project, comprising a potential leasable area of approximately 3.3 million sq ft upon completion with an estimated gross development value in the range of ₹3,200 – ₹3,700 crore. During the quarter the company has purchased investments in Summit Developments, Embassy East Business Parks and Embassy One Developers for consideration other than cash. The company is targeting 10 project launches in FY26 with gross development value (GDV) in excess of ₹22,000 crore, pre-sales of ₹5,000 crore and collections of ₹2,200 crore. It reported pre-sales of ₹2,000 crore in FY25, registering a growth of 11 per cent year-on-year from ₹1,800 crore. Collections stood at ₹1,900 crore in FY25. It launched three new residential projects in FY25 with a topline of ₹1,700 crore & 1.6 million sq ft of saleable area. The company acquired six new projects during FY25 with an estimated GDV of ₹9,200 crore & five million sq ft of saleable area. EDL's gross debt stood at ₹2,756 crore, with 0.3x debt to equity, total equity was at ₹9,327 crore, cash & cash equivalents was at ₹483 crore and net debt stood at ₹2,273 crore in FY25.
