Embassy Developments Receives RERA Approval for its First Project in Alibaug; Eyes INR 400 crore GDV

Embassy Developments Ltd. has received approval from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for Phase 1 of Embassy Serenity, its first residential project in Alibaug within the Mumbai Metropolitan Region (MMR). The project, located in Thal Village, Alibaug, is envisioned as a resort-style retreat with an estimated gross development value (GDV) of INR 400 crore. The approved phase will feature five G+5 towers comprising 52 spacious residences in duplex and simplex configurations. The project is set to launch this quarter with possession targeted for 2030, subject to regulatory approvals and construction progress. Embassy Developments is known for its design excellence and professional management, making Embassy Serenity a promising venture in the luxury residential segment.