Embassy Developments pre-sales to jump 2.5-fold to ₹5,000 crore

Realty firm Embassy Developments Ltd’s sales bookings will jump two-and-a-half times to Rs 5,000 crore this fiscal on strong housing demand, a top company official said.
In an interview with PTI, Embassy Developments Ltd (EDL) Managing Director Aditya Virwani noted that the company’s business activities have now gathered pace after the takeover of Indiabulls Real Estate (IBREL).
“We have sold properties worth about Rs 2,000 crore in the first nine months of this fiscal,” he said.
Virwani expressed confidence that the company would be able to sell housing properties worth Rs 3,000 crore during the current quarter with the help of new launches of residential properties in Mumbai Metropolitan Region (MMR) as well as sustenance sales in the existing projects.
Embassy Developments clocked sales of Rs 2,031 crore last fiscal as against Rs 1,838 crore in 2023-24.
Virwani said the company is now completely focusing on completing a few legacy housing projects and also launching new …