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Embassy Developments Ltd plans to invest between INR 1,800 crore and INR 2,000 crore in construction activities during FY27 as it accelerates execution across residential projects in Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR. The company, part of the Embassy Group, aims to ensure timely delivery amid rising construction costs driven by higher raw material prices and labour expenses. The developer has also set an ambitious sales bookings target of INR 8,000 crore for the current fiscal, supported by planned housing launches worth nearly INR 20,000 crore. The move follows a strong FY26 performance in which sales bookings more than doubled to INR 4,631 crore, reflecting sustained demand for projects developed by established real estate brands.
Embassy Developments Ltd will invest between INR 1,800 crore and INR 2,000 crore in construction activities during the current financial year as the company intensifies execution across its residential portfolio in key property markets, according to Managing Director Aditya Virwani.
The Bengaluru-based developer, which is part of the Embassy Group, plans to significantly increase capital expenditure on ongoing projects after investing nearly INR 1,200 crore in construction during FY26. The higher allocation is intended to support project delivery timelines across developments in Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR.
Virwani said construction activity was progressing steadily across all ongoing residential projects in the company’s major operating markets. He noted that the increased investment would enable the company to maintain development schedules while managing a growing project pipeline.
The company, however, is facing cost pressures arising from higher prices of construction materials and labour. According to Virwani, construction costs have risen by around 5-6 per cent due to an increase in raw material prices linked to the ongoing conflict in West Asia. Labour costs have also recorded an upward movement, adding to overall project expenditure.
On the sales front, Embassy Developments reported strong momentum during FY26, with bookings more than doubling to INR 4,631 crore. Virwani attributed the performance to continued demand from homebuyers, particularly in favour of established and branded developers.
Building on that momentum, the company has set a sales bookings target of INR 8,000 crore for FY27. The target includes approximately INR 2,000 crore of sales expected from a residential project being developed under a development management (DM) model.
To support future sales growth, Embassy Developments plans to launch housing projects with a combined gross development value of nearly INR 20,000 crore during the current financial year. The launches will be spread across Bengaluru, MMR and Delhi-NCR, where the company has an established presence.
In addition to upcoming launches, the developer currently holds inventory worth around INR 11,000 crore across existing projects, providing a substantial pipeline of saleable units.
Embassy Developments, formerly known as Indiabulls Real Estate Ltd, is among the country’s prominent real estate developers and has a land bank exceeding 3,000 acres across major Indian cities. The company has been expanding its residential business while leveraging the broader Embassy Group platform.
Financially, the company reported a net loss of INR 872.47 crore in FY26 compared with a profit of INR 193.63 crore in the previous financial year. Total income declined to INR 1,905.12 crore from INR 2,546.97 crore in FY25.
Apart from Embassy Developments, the Embassy Group’s portfolio includes coworking operator WeWork India, listed office landlord Embassy Office Parks REIT and the co-living business Olive by Embassy. The planned increase in construction spending reflects the group’s continued focus on scaling its residential development operations amid strong housing demand in major urban markets.
Source - PTI
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