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Pyrifera Investment Advisors

16th Jun · SEBI-Registered Analyst

Embassy Developments Appoints Leighton Asia for ₹850+ Cr Ultra-Luxury Project in Mumbai

Embassy Developments Limited has appointed Leighton Asia (part of the CIMIC Group) as the construction partner for its ultra-luxury residential project, Embassy Citadel, located in Worli, Mumbai. The contract, valued at over ₹850 crore, encompasses the complete civil and structural works package for the development. Project Highlights: Scale & Design: A single-tower development rising approximately 300 meters, spanning 1.6 million sq. ft. on Dr. Elijah Moses Road. Residences & Amenities: Features 316 ultra-luxury homes (3, 4, and 5 BHK configurations, plus two exclusive triplex mansions), 1 lakh sq. ft. of amenities across seven lifestyle floors, and a 79th-floor Sky Lounge. Financials: The project commands an estimated Gross Development Value (GDV) of approximately ₹8,800 crore. Global Expertise: Designed by an internationally acclaimed consultant team, including ADA Architecture, STX Landscape Architects, Studio HBA, and Thornton Tomasetti. Strategic Significance: Market Expansion: Marks Embassy Developments' strategic entry into Mumbai's highly competitive and prime ultra-luxury residential market. Execution Excellence: Partnering with Leighton Asia leverages their strong track record in Indian high-rise developments, ensuring world-class engineering, precision, and construction quality. Outlook: Embassy Citadel is poised to set a new benchmark for luxury living in Mumbai, offering a vertically integrated ecosystem focused on wellness, hospitality, and community. The successful execution of this mega-project will significantly bolster Embassy Developments' portfolio and brand equity in the premium real estate segment. $EMBDL

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