Embassy Developments' pre-sales set to hit Rs 5,000 cr in FY26, top official says

Embassy Developments Eyes Massive Pre-Sales Growth in FY26

Realty major Embassy Developments Ltd is gearing up for a stellar fiscal year, with pre-sales projected to soar to Rs 5,000 crore by the end of FY26. This marks a significant leap, more than doubling from last year's Rs 2,031 crore bookings. A top company official highlighted the surge in housing demand as the key driver behind this ambitious target. The firm's Managing Director, Aditya Virwani, shared this outlook in a recent interview, emphasizing how recent strategic moves have accelerated business momentum. In the first nine months of FY26, the company has already clocked around Rs 2,000 crore in sales, setting a strong foundation for the remaining quarter. With new launches on the horizon, Embassy is poised to capitalize on the thriving real estate sector, particularly in premium and luxury segments.

Q3 Surge Puts Company on Track for Annual Goal

The third quarter of FY26 delivered impressive results, with pre-sales rocketing 240% quarter-on-quarter to Rs 1,392 crore, up from Rs 409 crore in the previous quarter. Collections also rose steadily by 15% to Rs 415 crore, pushing cumulative nine-month collections to about Rs 1,096 crore. This performance triggered a positive market response, with Embassy's shares climbing over 3% to Rs 69.50. Virwani remains optimistic, stating the company is fully on course to meet its full-year guidance thanks to sustained demand and a robust project pipeline. Despite reporting a net loss in the prior quarter amid ongoing developments, revenue from operations grew modestly year-on-year. These figures underscore Embassy's focus on residential projects across affordable, premium, and uber-luxury categories in major metros.

"We have sold properties worth about Rs 2,000 crore in the first nine months of this fiscal. I am confident we will sell another Rs 3,000 crore in the current quarter with new launches in the Mumbai Metropolitan Region and steady sales from existing projects," said Aditya Virwani, Managing Director of Embassy Developments Ltd.

Strategic Push into Mumbai with Multi-Crore Investments

Embassy is making a bold entry into the competitive Mumbai market, announcing a whopping Rs 7,000 crore investment to develop three new luxury housing projects and wrap up three legacy ones. Key upcoming launches include Embassy Citadel in Worli with 316 high-end units expected to generate nearly Rs 9,000 crore in revenue, 50 units in Juhu targeting Rs 3,000 crore, and 111 units in Alibaug projected at Rs 400 crore. Together, these MMR ventures could yield over Rs 12,000 crore. The company, which took over Indiabulls Real Estate, is now prioritizing completion of legacy projects totaling around 5,000 units while raising equity last year to speed up construction. Embassy's portfolio spans residential, commercial, and SEZ developments across cities like Bengaluru, NCR, and beyond, blending high-volume and high-value offerings. This expansion reflects broader industry trends of rising urban demand for quality housing.

The net institutional debt stands at Rs 2,939 crore as of December 2025, manageable given the growth trajectory. Embassy also notched a milestone with an occupancy certificate for 239 apartments in its senior living project Serene Amara in Bengaluru, in partnership with Columbia Pacific Communities. Looking ahead, the firm plans around 10 project launches aiming for a gross development value of Rs 22,000 crore in FY26. In summary, Embassy Developments' aggressive expansion, stellar Q3 performance, and Mumbai-focused investments position it strongly to hit Rs 5,000 crore pre-sales in FY26 amid buoyant real estate demand. Investors and homebuyers alike will watch closely as the company executes its vision.