Bengaluru-based real estate developer Embassy Developments Ltd is expanding its presence in the Mumbai Metropolitan Region with three new luxury housing projects. The move reflects the company’s commitment to the city’s high-value real estate market amid steady housing demand.
The company plans to invest around ₹7,000 crore in Mumbai. This includes launching three new residential projects and continuing work on three existing developments.
The new projects are located in Worli, Juhu, and Alibaug, offering a mix of premium and luxury homes. The Worli development will have about 316 units, with an estimated revenue potential of ₹9,000 crore. Juhu will see a smaller project with 50 units, expected to generate ₹3,000 crore. The Alibaug project will feature 111 units, with anticipated revenue of around ₹400 crore.
Together, these projects represent a gross development value of over ₹12,000 crore and cover more than 1.58 million sq. ft. of RERA carpet area. The launches are expected to start in the fourth quarter of the 2026 financial year, following the company’s regional development plan.
Embassy Developments plans to fund the projects mainly through internal accruals, with the option to raise debt if needed. At the same time, the company is focusing on completing around 5,000 units across its existing projects in the region.
The company’s leadership emphasized Mumbai’s importance as a key market in their national growth strategy. They expressed confidence in the long-term prospects of housing demand in the Mumbai Metropolitan Region.
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