Sources: 
Embassy Developments Ltd is exploring the sale of its major commercial project in Whitefield, Bengaluru, valued between
₹3,200 crore and ₹3,700 crore. The project, upon completion, will offer a substantial leasable area of approximately
3.3 million square feet, reinforcing the company's stronghold in the commercial real estate sector.
The company has shown significant financial improvement, reporting a consolidated net profit of
₹122.98 crore for the quarter ending March, a sharp turnaround from a net loss of
₹99.21 crore in the same quarter last year. This recovery is supported by a notable rise in total income, which surged to
₹1,182.61 crore from
₹401.54 crore year-over-year.
Previously known as Indiabulls Real Estate, Embassy Developments continues to focus on commercial assets and REIT-aligned strategies, maintaining a significant position in India's real estate market. The potential sale of the Whitefield project aligns with its strategic emphasis on commercial real estate and asset monetization.
"Embassy Developments is considering the sale of a key commercial project in Whitefield, Bengaluru, valued between INR 3,200 crore and INR 3,700 crore," industry sources said.
With the project’s large leasable area and the company’s improving financials, the sale could attract significant investor interest, further strengthening Embassy’s portfolio and financial position.
Sources: Embassy Developments Ltd is considering selling its Whitefield commercial project in Bengaluru, valued at ₹3,200-3,700 crore. The project offers about 3.3 million sq ft of leasable space. The company reported a net profit of ₹122.98 crore in the latest quarter, reversing last year's loss.
