en.Wedoany.com Reported - Indian real estate company Embassy Developments Ltd will invest approximately INR 20 billion in construction activities for multiple projects this fiscal year to ensure timely completion, according to a senior company official.

Embassy Developments is a subsidiary of the Bengaluru-based Embassy Group. In FY2025-26, the company invested nearly INR 12 billion.

Aditya Virwani, Managing Director of Embassy Developments Ltd, stated that the company will increase investment in construction activities to between INR 18 billion and INR 20 billion this fiscal year. Currently, construction progress is on track for all ongoing residential projects in Bengaluru, the Mumbai Metropolitan Region, and Delhi-NCR.

Virwani noted that construction costs have risen by approximately 5% to 6% due to increased raw material prices caused by conflicts in West Asia, along with higher labor wages. On the operational front, sales bookings more than doubled to INR 46.31 billion in the previous fiscal year, driven by strong consumer demand and a continued shift toward established brands. The company has set a target of achieving INR 80 billion in sales bookings for the current FY2026-27. This includes INR 20 billion in sales from a residential project built under a development management model.

Embassy Developments will launch residential projects worth INR 200 billion this fiscal year across the three markets where it has significant operations. The company's existing project inventory is valued at INR 110 billion.

Embassy Developments (formerly Indiabulls Real Estate Ltd) is one of India's leading real estate companies. In FY2025-26, the company reported a net loss of INR 8.7247 billion, compared to a profit of INR 1.9363 billion in the previous year. Total revenue for the last fiscal year fell to INR 19.0512 billion from INR 25.4697 billion in FY2024-25.

Embassy Developments holds a land bank of over 3,000 acres in major cities. In addition to Embassy Developments, the Embassy Group also owns co-working company WeWork India and is the sponsor of the listed Embassy Office Parks REIT. The group also operates a co-living business called "Olive by Embassy."

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