Joint Venture23 Jun 2025, 08:04 am
Embassy Developments Limited Inks Joint Development Pact for ~17.9 Acres of Land in Whitefield, Bengaluru; Boosts Existing Residential Pipeline with an Estimated GDV of ~£1,600 Cr
AI Summary
Embassy Developments Ltd. (‘EDL’) has announced the signing of a Joint Development Agreement (JDA) for a ~17.9-acres land parcel in Whitefield, Bengaluru. The planned development will comprise a premium residential community with an estimated gross development value (GDV) of ~£1,600 Cr. The development will span ~1.6 msf of saleable area and feature ~1,000 thoughtfully designed apartments for young professionals. Launch is targeted for FY2027. This deal reinforces EDL’s commitment to building a robust future pipeline and they are actively exploring new opportunities across key markets.
Key Highlights
- Embassy Developments Ltd. has signed a Joint Development Agreement (JDA) for a ~17.9-acres land parcel in Whitefield, Bengaluru.
- The planned development will comprise a premium residential community with an estimated gross development value (GDV) of ~£1,600 Cr.
- The development will span ~1.6 msf of saleable area and feature ~1,000 thoughtfully designed apartments for young professionals.
- Launch is targeted for FY2027.
- This deal reinforces EDL’s commitment to building a robust future pipeline.