Embassy Developments Ltd, one of India’s leading real estate firms, has inked a joint development agreement (JDA) to launch a premium residential housing project in the heart of Bengaluru’s tech corridor—Whitefield. The project, set to be developed on a 17.9-acre land parcel, marks a significant addition to Embassy’s growing residential portfolio and is poised to generate a gross development value (GDV) of approximately Rs 1,600 crore.
This strategic partnership aligns with Embassy’s ongoing focus on end-user-driven micro-markets and infrastructure-led growth opportunities in Bengaluru.
Project Highlights: Embassy’s Whitefield Residential Venture
Project Overview
- Location: Whitefield, Bengaluru
- Project Size: 17.9 acres
- Developer: Embassy Developments Ltd (in JV with landowner)
- Type: Premium residential community
- Estimated GDV: ₹1,600 crore
- Saleable Area: 1.6 million sq ft
- Units: Approximately 1,000 apartments
- Launch Timeline: Expected in next fiscal year
Strategic Location: Why Whitefield?
Whitefield continues to be a preferred destination for both developers and homebuyers due to:
- High concentration of IT/ITES hubs
- Strong infrastructure pipeline including Metro connectivity
- Consistent demand from working professionals and urban families
- High proportion of end-user buyers fostering stable pricing
About the Developer: Embassy Developments Ltd
Embassy Developments Ltd (formerly Equinox India Developments and Indiabulls Real Estate Ltd) is part of the broader Embassy Group ecosystem. It has a strong presence in:
- Residential, Commercial, and SEZ Projects
- Core Markets: Bengaluru, MMR (Mumbai Metropolitan Region), NCR (National Capital Region)
- Other Cities: Chennai, Jodhpur, Vadodara, Vizag, and Indore
- Stakeholder Note: Embassy Group holds a 43% stake in Embassy Developments Ltd
Quick Summary Table
| Feature | Details |
|---|---|
| Project Type | Premium Residential Community |
| Location | Whitefield, Bengaluru |
| Land Area | 17.9 Acres |
| Estimated GDV | ₹1,600 Crore |
| Saleable Area | 1.6 Million Sq. Ft. |
| No. of Apartments | ~1,000 Units |
| Project Launch | Next Fiscal Year |
| Developer | Embassy Developments Ltd |
Key Quotes from the Developer
“Whitefield continues to be a strategic focus for us. As a predominantly end-user-driven micro-market, it has shown greater resilience supported by sustained demand from Bengaluru’s professional workforce and ongoing infrastructure growth,”
— Aditya Virwani, Managing Director, Embassy Developments Ltd
“We are actively exploring new opportunities across key markets. This JV reaffirms our commitment to developing future-ready projects in high-potential micro-markets.”
— Aditya Virwani
FAQ Section
1. What is the total investment value of the new Embassy housing project in Whitefield?
The estimated Gross Development Value (GDV) of the project is around ₹1,600 crore.
2. How many residential units are planned in this development?
The project will feature approximately 1,000 premium apartments.
3. When will the project be launched?
Embassy Developments plans to launch the project in the next fiscal year.
4. Why is Whitefield chosen as the location for this project?
Whitefield is a key real estate hub known for strong end-user demand, IT-driven employment, and upcoming infrastructure developments like metro expansion.
5. What is the nature of the joint venture?
The project is being developed under a Joint Development Agreement (JDA) between Embassy Developments Ltd and the landowner of the 17.9-acre parcel.