Embassy Group traces its origins to Bengaluru, where the company began operations in 1993 under founder and Chairman Jitu Virwani, who had entered property development in 1985. Few micro-markets in the city carry as much of the group's own institutional history as Hebbal, on Bellary Road in North Bangalore, where Embassy has built both its largest commercial campus and some of its most recognised residential addresses.
The clearest expression of that presence is Embassy Manyata Business Park, developed on the Hebbal Outer Ring Road. The park is situated in Nagawara near Hebbal on Outer Ring Road, and has a building area of 9.8 million square feet, spread over 300 acres. It houses 69 tenants with more than 100,000 park users, and its tenant roster over the years has included Cognizant, L Brands, Victoria's Secret, Lowe's, Cerner, Hudson's Bay Company, Harman, Rolls-Royce, IBM among others. That scale of daytime employment on Hebbal's doorstep is central to why the locality functions as a residential catchment for Embassy and other developers, not just a commuting suburb.
Embassy's residential engagement with Hebbal is not a recent pivot. In October 2012, Embassy Group announced the launch of its ultra luxury residential condominiums Embassy Lake Terraces, located at Hebbal, North Bangalore, a project designed by Singapore-based architect Andy Fisher, spanning 14.5 acres with views of the Hebbal and Nagavara lakes. That project, developed in association with Kirloskar Systems, set the template for the ultra-luxury positioning Embassy has continued to apply to the locality, and it remains a reference point buyers use when evaluating newer Embassy launches nearby, with market data showing it among the most actively transacted addresses in the Hebbal Kempapura pocket.
More recently, Embassy has brought a new project, sometimes referenced as Embassy Astra and later reworked as Embassy Sky Terraces, to Bellary Road in Hebbal. Spread over 10 acres with low-density development, it offers 3 BHK and 4 BHK homes from roughly 2,050 to 3,000 sq ft, with the development planned for around 600 to 620 units across G+23 floors. Positioning for this newer phase has drawn a direct line to the group's earlier work in the area, with marketing built around the much-acclaimed Embassy Lake Terraces as its muse.
Hebbal's relevance to an Embassy buyer is inseparable from the group's own commercial investment in the locality. Homes here enjoy quick access to Manyata Tech Park, roughly 15 minutes away, while Kempegowda International Airport is within 25 to 30 minutes via Bellary Road. The Outer Ring Road and Bellary Road corridors give the area a dual identity as both an employment hub and an airport-facing address, a combination that has kept it on the radar of long-term residential investors even as newer micro-markets have opened up further north. Schools such as Canadian International School and DPS North, and hospitals including Aster CMI and Columbia Asia, are within close reach, alongside retail and entertainment options at RMZ Galleria and Elements Mall.
Pricing in the locality has moved with this demand. Recent transaction data shows flat prices in Hebbal in the range of roughly Rs 11,450 to Rs 19,100 per sq ft, with average rates around Rs 15,950 per sq ft, and appreciation over the last five years running well ahead of many older central Bengaluru localities. In the adjoining Hebbal Kempapura stretch, where Embassy's own Lake Terraces sits, Embassy Lake Terraces has been the most preferred choice for buyers in recent transactions, ahead of comparable premium projects in the pocket. Wider North Bangalore commentary continues to frame the Hebbal to airport corridor as a long-term growth zone, citing airport access, upcoming business parks, improved flyovers, and metro connectivity plans as reasons investors prefer this side of the city.
Embassy's Hebbal developments sit within a much larger national platform. Embassy describes itself as India's first REIT sponsor, with 85 million sq ft delivered and under development since 1993, and the group's listed office REIT, Embassy Office Parks REIT, is the first listed REIT in India and Asia's largest office REIT by area. That commercial-first heritage, anchored by Manyata in Hebbal itself, is part of why Embassy's residential projects in the locality are typically pitched at the upper end of the market, aimed at professionals working within the Manyata ecosystem or executives seeking proximity to the airport corridor. The group also operates Embassy Services as an extended property management arm for its commercial and residential developments, which has direct relevance for owners in a location where a large share of the daytime population also happens to be Embassy's own commercial tenants.
