Embassy Developments Achieves 240% Increase in Q3 FY2026 Pre-sales, Launches New Residential and Commercial Projects

Embassy Developments Limited (formerly Equinox India Developments Limited and earlier Indiabulls Real Estate Limited) reported a strong operational and commercial quarter for Q3 FY2026. The company achieved 1,392 INR Cr of pre-sales, a 240% increase over Q2 FY2026. Two new residential launches, Embassy Greenshore and Embassy Eden, witnessed strong pre-sales momentum. The company also launched its commercial project - Embassy East Business Park during Q3. However, the quarter saw negative consolidated EBITDA due to higher cost of goods sold on two legacy projects and advance CAM payments. The company is optimistic about achieving its FY2026 Presales guidance of 5,000 INR Cr. Embassy Developments also undertook a rebranding exercise and launched a Mumbai arrival campaign as it enters the Mumbai market.