en.Wedoany.com Reported - Indian real estate company Embassy Developments Ltd expects sales bookings of INR 80 billion in the current fiscal year (FY2026-27), a 73% increase from the previous fiscal year. Managing Director Aditya Virwani attributed the growth to sustained strong housing demand in major cities.
Virwani noted that the company performed well in FY2025-26, achieving a 128% growth in sales bookings to INR 46.31 billion, slightly below the annual guidance target. He pointed out that demand for well-designed, high-quality residential properties remains robust, particularly favoring branded developers with strong execution track records.
To achieve the fiscal year target of INR 80 billion, he revealed that the company will launch residential projects worth nearly INR 195 billion in Bengaluru, the Mumbai Metropolitan Region (MMR), and the Delhi National Capital Region (Delhi-NCR) this fiscal year. Additionally, the company has an existing project inventory of approximately INR 110 billion. Part of the planned bookings will come from two residential projects developed under the Development Management (DM) model, expected to contribute INR 20 billion. In such projects, the company is responsible for constructing and selling apartments, charging a fee of 10% of the revenue.
Commenting on the impact of the situation in West Asia on housing sales, Virwani said that demand from investment-oriented customers has slowed, but end-user demand remains stable. The impact is mainly reflected in the supply and price increases of building materials, such as tiles. He noted that cost-side issues are more pronounced, with costs having risen significantly, and material supply shortages putting pressure on short-term profit margins for both the company and the industry. He also stated that the company has some buffer to absorb the impact of cost increases.
Virwani also emphasized that the company achieved favorable outcomes in two major legal and regulatory matters, hoping this progress would alleviate key shareholder concerns. Recently, the National Company Law Appellate Tribunal (NCLAT) set aside insolvency proceedings against the company.
Headquartered in Bengaluru, Embassy Developments Ltd, formerly known as Indiabulls Real Estate Ltd, is one of India's leading real estate companies. The company holds a land bank of over 3,000 acres in major cities, with a portfolio size of nearly 40 million square feet. In FY2025-26, the company reported a net loss of INR 8.7247 billion, compared to a net profit of INR 1.9363 billion in the previous fiscal year. Total revenue for the last fiscal year fell to INR 19.0512 billion from INR 25.4697 billion in FY2024-25. Virwani stated that the company's financial performance will improve in the future as revenue recognition increases.
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