New Launch - India Real Estate Report 2026.
Embassy Developments Ltd plans to significantly increase its construction spending during the 2026-27 financial year, with investments expected to reach around ₹1,800-2,000 crore. The company intends to accelerate project execution and ensure the timely completion of its residential developments across major markets.
The company, which is part of the Embassy Group, had invested nearly ₹1,200 crore during FY26. The planned increase in spending reflects its focus on expanding project activity and meeting rising housing demand.
Construction Progress Across Key Markets
According to Managing Director Aditya Virwani, construction work is progressing across the company's ongoing residential projects in Bengaluru, Mumbai Metropolitan Region (MMR), and Delhi-NCR. These three markets continue to remain the company's primary growth centres.
The company is stepping up construction activities despite rising input costs. Virwani said construction expenses have increased by around 5-6% due to higher raw material prices linked to the West Asia conflict. Labour costs have also risen during the period.
Strong Sales Momentum Continues
Embassy Developments reported strong operational performance during the last financial year. The company's sales bookings more than doubled to ₹4,631 crore, driven by robust consumer demand and a growing preference among buyers for established and branded developers.
Building on this momentum, the company has set a target of achieving ₹8,000 crore in sales bookings during FY27. This target includes approximately ₹2,000 crore worth of sales from a housing project being developed under a development management (DM) model.
Major Launch Pipeline Planned
Embassy Developments is also preparing to launch nearly ₹20,000 crore worth of housing projects during FY27 across Bengaluru, MMR and Delhi-NCR. The extensive launch pipeline highlights the company's confidence in housing demand across these markets.
In addition to upcoming launches, the company currently has around ₹11,000 crore of inventory across its existing projects.
Financial Performance And Land Bank
Embassy Developments, formerly known as Indiabulls Real Estate Ltd, reported a net loss of ₹872.47 crore in FY26 compared with a profit of ₹193.63 crore in the previous year. Total income also declined to ₹1,905.12 crore from ₹2,546.97 crore during the same period.
The company has a land bank of more than 3,000 acres across major cities, providing significant development potential for future projects.
Key Highlights
- ₹1,800-2,000 crore to be invested in construction activities during FY27.
- Construction is underway across projects in Bengaluru, MMR and Delhi-NCR.
- Sales bookings more than doubled to ₹4,631 crore in FY26.
- The company targets ₹8,000 crore in sales bookings during FY27.
- Nearly ₹20,000 crore worth of homes are planned for launch this fiscal.
- Embassy Developments has an inventory of ₹11,000 crore and a land bank exceeding 3,000 acres.
The planned increase in construction spending and the substantial project launch pipeline underline Embassy Developments' expansion strategy as it seeks to capitalize on strong housing demand and strengthen its presence across India's major residential markets.
Enjoyed this update? Visit PropTech Pulse for more real estate news, investment insights, and property market trends.
