Embassy Developments Ltd. (EDL), a Bengaluru-based real estate firm, has on Monday signed a Joint Development Agreement (JDA) for a 17.9 acres land parcel in Whitefield, in the City.
The planned development would comprise a premium residential community with an estimated gross development value (GDV) of ₹1,600 crore, said the firm.
Aditya Virwani, Managing Director, EDL, “While we have a secured launch pipeline of 10 projects for FY2026 with an expected GDV of over ₹22,000 crore, this deal reinforces our commitment to building a robust future pipeline and we are actively exploring new opportunities across key markets.”
Published – June 23, 2025 09:58 pm IST
Source: https://www.thehindu.com/business/embassy-to-develop-residential-realty-worth-1600-crore-in-bengaluru/article69728466.ece
