Corporate background
A listed developer with a new chapter
Embassy Developments Limited (EDL) is a real estate company listed on the National Stock Exchange of India (NSE: EMBDL) and BSE (532832). It was formerly known as Equinox India Developments Limited and, before that, as Indiabulls Real Estate Limited.
In January 2025, the merger of NAM Estates Private Limited — an Embassy Group entity — into the company was completed, and Embassy Group became its promoter. The company describes itself as one of India’s largest listed real estate developers, with a strategic focus on Bengaluru, the Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR), and a presence in Chennai and Indore.
- Listed on both exchanges
- NSE · BSE
- NAM Estates merger completed
- Jan 2025
- Focus markets: Bengaluru, MMR, NCR
- 3
Source: embassyindia.com and the company’s stock-exchange disclosures.
Milestones
How the company came to be
2020
Merger agreement
Indiabulls Real Estate Limited and Embassy Group agreed to merge identified Embassy residential and commercial assets, held through NAM Estates, into the listed company.
Renamed
Equinox India Developments
The company changed its name from Indiabulls Real Estate Limited to Equinox India Developments Limited.
Jan 2025
Merger completed
The merger of NAM Estates into the company became effective and Embassy Group became the promoter.
Today
Embassy Developments Limited
Operating as Embassy Developments Limited, with residential and commercial projects across its focus markets.
Feb 2026
First project in Alibaug
MahaRERA registration of Embassy Serenity, the company’s first residential project in Alibaug.
The promoter
Embassy Group
Embassy Group, founded in 1993 and headquartered in Bengaluru, is the promoter of Embassy Developments Limited. According to Embassy Developments, the Group has over three decades of experience and has delivered and managed more than 100 million sq ft across commercial, residential, hospitality, services and education in India.
These figures describe Embassy Group as a whole, not Embassy Developments Limited.
Residential portfolio
A range of homes across segments
EDL’s residential portfolio spans mid-income, premium and luxury homes, with ready, ongoing and future projects.
Uber-luxury apartments & villas
Town homes
Condominiums
Integrated townships
Senior living & contemporary homes
In the Mumbai Metropolitan Region
Selected Embassy projects in MMR
As listed on the developer’s project portfolio. This website markets Embassy Terazza and Embassy Serenity only.
Embassy Terazza, Juhu
4 & 5 bed residences · Ongoing
Embassy Serenity, Alibaug
2, 3 & 5 bed residences
Embassy Citadel, Worli
3 & 4 bed residences · Ongoing
Embassy One Thane
2/3 BHK apartments · Ongoing
Embassy Park, Panvel
1/2/3/4 BHK apartments · Ongoing
Blu Estate & Club, Worli
3/4/5 BHK apartments · Completed
Leadership
Board leadership
Jitu Virwani
Chairman
Aditya Virwani
Managing Director
Sachin Shah
Chief Executive Officer & Executive Director
Explore
See the residences for yourself
This page summarises publicly available information published by Embassy Developments Limited and its stock-exchange filings. It is provided by an independent channel partner and is not the developer’s official website.