Embassy Developments Limited has informed the Exchange regarding a press release dated March 11, 2026, titled "Embassy Developments Ltd. Sells more than 500 Units of Embassy Verde Phase II at Embassy Springs, North Bengaluru; Achieves around INR 495 Cr Topline .
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Embassy Developments announced it sold over 500 units of its Embassy Verde Phase II project at the Embassy Springs township in North Bengaluru within just 4 days, generating a topline of approximately ₹495 crore. The project comprises 702 residential units (1, 2, 2.5, and 3 BHK apartments sized 601–1,344 sq ft) with a saleable area of 7.38 lakh square feet. Embassy Springs is a 288-acre integrated township located 15 minutes from Kempegowda International Airport. The company highlighted that it has already launched about ₹4,300 crore of Gross Development Value in North Bengaluru in FY26, with a further ~₹12,500 crore of estimated GDV planned across upcoming phases.
Strong sales velocity signals robust housing demand in North Bengaluru and validates Embassy Developments' integrated township strategy. The rapid ₹495 crore absorption in 4 days reflects healthy pricing power and a deep sales pipeline, which is supportive of future revenue recognition and cash flows for shareholders.