Bengaluru-based Embassy Developments Ltd (EDL) has announced a major expansion into the Mumbai Metropolitan Region (MMR), with plans to invest over ₹4,500 crore to develop three premium residential projects across Worli, Juhu and Alibaug, alongside an additional ₹2,500 crore earmarked for completing existing projects.

The new launches, carrying a combined gross development value (GDV) of over ₹12,000 crore, are scheduled to commence from the fourth quarter of FY26, marking a strategic push into India’s most mature and competitive residential market, according to a report by The Hindustan Times.

EDL, erstwhile Indiabulls Real Estate Ltd, is listed on the stock exchanges and is one of the leading real estate companies in the country.

EDL’s flagship Mumbai project, Embassy Citadel in Worli, will be an ultra-luxury residential development with a GDV of more than ₹8,800 crore. Spread across roughly 1 million sq ft of RERA carpet area, the single-tower project will offer three-, four- and five-bedroom apartments, along with two triplex mansion residences. Located near the Four Seasons hotel, the project will feature over 1 lakh sq ft of amenities, the company said in a statement.

In Juhu, the company plans a luxury residential project spanning about 0.33 million sq ft of RERA carpet area, with an estimated GDV of ₹3,000 crore. The development, proposed across more than two acres, will comprise around 50 homes targeted at multi-generational families and is currently awaiting approvals, it said.

EDL’s third project will be a lifestyle and second-home development in Alibaug, aimed at buyers seeking resort-style residences within driving distance of Mumbai. The low-rise project will cover about 0.2 million sq ft of RERA carpet area and carry a GDV of around ₹400 crore. It is also pending regulatory clearances, the company said.

Apart from launching new projects, EDL will invest in completing three legacy housing projects in the MMR, comprising around 5,000 units.

The company said its expansion into Mumbai comes after a year of stabilisation and execution, during which it completed and handed over six long-pending residential projects across markets, delivering homes to more than 3,300 families. This included three projects in Mumbai, located in Worli, Lower Parel and Thane.

“For over three decades, the Embassy has focused on creating developments that endure, both in quality and in the way they shape neighbourhoods. Bringing this legacy to Mumbai marks an important step in building a strong pan-India residential presence, grounded in the confidence we have built through consistent execution,” Jitu Virwani, Chairman, Embassy Developments Ltd, said

Aditya Virwani, Managing Director of Embassy Developments Ltd., said, “Mumbai represents the country’s most mature residential market, where discerning buyers place a premium on execution quality, credibility and long-term commitment. He noted that the company’s approach is measured, with a focus on a limited set of high-conviction projects rather than volume-driven growth. With a strengthened balance sheet and clearer development visibility,” adding Mumbai will form a central pillar of EDL’s next phase of expansion.