Embassy Developments Sells Tower for ₹711 Cr

Embassy Developments Limited has signed a Memorandum of Understanding (MOU) to sell an entire residential tower at its Embassy Terazza development in Juhu, Mumbai, to Mr. Dinesh Thakkar, Founder and CMD of Angel One Limited. The transaction is valued at approximately ₹711 crore and comprises a G+7 storey tower with a RERA carpet area of 63,000 sq. ft. This deal is being highlighted as India's largest single residential unit transaction. Embassy Terazza is an ultra-luxury development featuring low-density living with one residence per floor across its towers. The sale underscores the strong demand for high-end properties and the Embassy brand's reputation in the Mumbai market.