The Developer

About Embassy Group

Three decades of Indian real estate — now writing its Mumbai chapter.

Embassy Developments Limited (EDL) — listed on the NSE (EMBDL) and BSE (532832) — is part of Embassy Group, founded in 1993 by Chairman & Managing Director Jitu Virwani, with residential and commercial real estate across Bengaluru, Chennai, Pune, Delhi NCR, Mumbai and beyond. FY26 was a turnaround year: pre-sales of ≈₹4,631 crore (+128% YoY), a record ₹2,632 crore in Q4 bookings, an exit from IBC classification and the ASM framework in May 2026, and the completion and handover of six previously long-pending residential projects across Mumbai, Thane, Gurugram and Visakhapatnam.

Experience

30+ years (Embassy Group, founded 1993)

FY26 Pre-Sales

≈₹4,631 Cr (+128% YoY)

Presence

Bengaluru · Chennai · Pune · Delhi NCR · Mumbai

Timeline

1993
Embassy Group founded by Jitu Virwani.
2026 (Jan)
EDL announces a ₹4,500 Cr, three-project MMR expansion — Worli, Juhu and Alibaug.
2026 (May)
EDL exits IBC classification and the ASM framework; resumes normal BSE/NSE trading.
2026 (Jun)
Leighton Asia appointed as Embassy Citadel's main construction contractor.

Awards & Recognition

Forbes India Developer A-List 2025
ET MarTech Award 2025
Jitu Virwani (CMD): Outstanding Contribution in Real Estate — Construction Times BAM Awards 2024
Reeza Sebastian: "Iconic Leader of Indian Realty" — Realty Plus, Nov 2024

Frequently Asked Questions

Yes, in lineage. Embassy Developments Limited was formerly known as Equinox India Developments Limited and, before that, as Indiabulls Real Estate Limited. Several Mumbai-region projects on this site — including Blu Estate & Club, Embassy Park, Daffodils Tower, Greens Panvel, Golf City and Embassy One — were originally launched under the Indiabulls name and now sit under the Embassy Developments umbrella.

Embassy Developments Limited exited IBC (Insolvency and Bankruptcy Code) classification and the ASM (Additional Surveillance Measure) framework in May 2026, resuming normal trading on the BSE and NSE. FY26 was reported as a turnaround year, with pre-sales of approximately ₹4,631 crore (up 128% year-on-year) and the completion and handover of six previously long-pending residential projects.

Embassy Developments Limited is part of Embassy Group, founded in 1993 by Chairman & Managing Director Jitu Virwani. The company is listed on both the NSE (EMBDL) and BSE (532832).

Yes — EDL trades on the National Stock Exchange under EMBDL and on the Bombay Stock Exchange under code 532832, which means its financials and disclosures are publicly available.

Embassy Group was founded in 1993, giving it more than three decades of residential and commercial real estate experience, primarily across Bengaluru, Chennai, Pune and Delhi NCR before its 2026 expansion into the Mumbai Metropolitan Region.

Embassy Group has residential and commercial real estate across Bengaluru, Chennai, Pune and Delhi NCR, in addition to its Mumbai Metropolitan Region portfolio covering Mumbai, Thane, Navi Mumbai and Alibaug.

Yes. As part of its FY26 turnaround, EDL completed and handed over six previously long-pending residential projects across Mumbai, Thane, Gurugram and Visakhapatnam — including Blu Estate & Club in Worli, one of the ten projects featured on this site.

See the Portfolio

Ten Embassy addresses across the Mumbai Metropolitan Region — explore them all.

All Projects