Embassy Developments sells 450+ units worth ~₹860 Cr at Embassy Greenshore launch
Embassy Developments Ltd. announced the sale of 450+ units worth approximately ₹860 Crore at the launch of Embassy Greenshore. Phase 2 launch is expected by January 2026.
The successful launch and significant sales revenue indicate a positive impact on the company's financial performance and market position.
The announcement highlights successful sales and a positive market response to the new project launch.
* Embassy Developments Ltd. announced the sale of 450+ units worth approximately ₹860 Crore at the launch of Embassy Greenshore. * The residential project spans approximately 14 acres with a saleable area of 1.55 million sq. ft., comprising 878 apartments across two phases. * Phase 1 included 700 units spread over 1.34 million sq. ft. of saleable area. * The project is located within Embassy Springs in North Bengaluru. * Phase 2 of the project, consisting of a premium tower, will be launched by January 2026. * Reeza Sebastian Karimpanal, Chief Revenue Officer – Residential, Embassy Developments Ltd., mentioned that Phase 2 of the project will be launched by January 2026.
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Embassy Developments Limited filed this with the NSE as a statutory disclosure, categorised under press release. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Embassy Developments Limited. Read the original for the full detail.