Embassy Developments Targets ₹8,000 Crore FY27 Pre-Sales, Backed by ₹19,500 Crore Launch Pipeline Across Bengaluru, MMR and NCR

Embassy Developments Eyes 73% Growth in FY27 Sales Bookings

Embassy Developments Ltd is expecting a 73 per cent growth in sales bookings this fiscal year to Rs 8,000 crore as housing demand continues to be strong across major cities, Managing Director Aditya Virwani said on June 7, 2026.

The company performed well during 2025-26 with sales bookings rising 128 per cent to Rs 4,631 crore, slightly short of the annual guidance. The acceleration for FY27 reflects sustained buyer interest in branded residential properties.

Launch Pipeline Across Three Markets

To meet the FY27 sales bookings target, Virwani said the company will launch nearly Rs 19,500 crore worth of homes this fiscal year across Bengaluru, Mumbai Metropolitan Region (MMR), and Delhi-NCR. Moreover, it has around Rs 11,000 crore of inventories in the ongoing projects.

The FY27 target includes Rs 2,000 crore worth of sales bookings or pre-sales in two housing projects that the company is building on a DM (development management) model.

Land Bank and Track Record

Embassy Developments Ltd has a land bank of more than 3,000 acres across major cities. It has a portfolio of nearly 40 million square feet area. Founded in 1993, the group's operations now span 22+ cities, including Bengaluru, Mumbai, Delhi NCR, Chennai, and Pune, amongst others.

Market Conditions and Cost Pressures

Demand for well-designed and high-quality residential properties continues to be robust, especially for branded players having strong execution track record.

Virwani noted supply-side challenges. The impact has been more on the availability of certain building materials like tiles and also the increase in the prices of those items. Cost has gone up a lot. This is causing not just the company, but the entire industry, a little bit of a short-term compression in profit margins.

Financial Performance and Outlook

The total income declined to Rs 1,905.12 crore in the last fiscal year from Rs 2,546.97 crore in 2024-25. Virwani said the financial performance of the company would also improve going forward with higher revenue recognition.

Embassy Developments will invest around Rs 2,000 crore this fiscal in construction activities across various projects to ensure timely completion. The company will be stepping up investment on construction activities this fiscal to Rs 1800-2000 crore.