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Embassy Developments Ltd will invest around ₹2,000 crore in FY27 construction activities to ensure the timely completion of its ongoing residential projects.
Embassy Developments has announced plans to invest up to ₹2,000 crore in construction activities during the 2026-27 financial year (FY27). The company aims to speed up work across its ongoing residential projects and ensure timely delivery to homebuyers.
The Bengaluru-based real estate company invested nearly ₹1,200 crore in construction during the previous financial year. This year's higher investment reflects the company's focus on expanding its residential business and completing projects on schedule.
Speaking about the company's plans, Aditya Virwani, Managing Director of Embassy Developments, said the company expects to invest around ₹1,800-2,000 crore in construction this fiscal.
He said construction is progressing smoothly across residential projects in Bengaluru, the Mumbai Metropolitan Region (MMR), and Delhi-NCR. The company is focusing on maintaining quality while completing projects within the planned timelines.
Virwani also pointed out that construction costs have increased by nearly 5-6%. The rise is mainly because of higher raw material prices linked to the ongoing West Asia conflict. Labour wages have also increased, adding to the overall project cost.
Despite these challenges, Embassy Developments continues to move forward with its expansion plans.
The company delivered a strong sales performance during the last financial year. Sales bookings more than doubled to ₹4,631 crore, driven by strong demand for branded residential projects.
According to the company, homebuyers are increasingly choosing trusted and well-known developers, which has helped Embassy Developments achieve better sales.
For the current financial year, Embassy Developments has set an ambitious sales booking target of ₹8,000 crore.
The company expects around ₹2,000 crore in sales from a housing project being developed under the Development Management (DM) model. This project is expected to play an important role in achieving the overall sales target.
As part of its growth strategy, Embassy Developments plans to launch new residential projects worth nearly ₹20,000 crore during FY27.
The launches will take place across its key markets, including Bengaluru, Mumbai Metropolitan Region, and Delhi-NCR. In addition, the company currently has around ₹11,000 crore worth of inventory across its ongoing projects.
Embassy Developments owns a land bank of more than 3,000 acres across major Indian cities. This gives the company a strong foundation for future residential and mixed-use developments.
The company, formerly known as Indiabulls Real Estate Ltd, remains one of India's leading real estate developers. Apart from Embassy Developments, the Embassy Group also owns WeWork India and sponsors Embassy Office Parks REIT, strengthening its presence across multiple real estate segments.
