Receives RERA Approval for its First Project in Alibaug - Embassy Developments Ltd

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Embassy Developments Receives RERA Approval for its First Project in Alibaug; Eyes Rs 400 crore GDV Located in Thal Village, Alibaug, Embassy Serenity is envisioned as a resort-style retreat that combines tranquility with excellent connectivity to Mumbai via upgraded road and ferry infrastructure. Often referred to as the ‘Hamptons of Mumbai’, Alibaug has evolved into a preferred second-home destination for highend homebuyers seeking greenery and exclusivity, away from the city bustle. The overall project spans approximately 0.2 million sq. ft. of RERA carpet area with an estimated gross development value (GDV) of Rs400 crore. Set across a 7-acre land parcel, the approved phase will feature five G+5 towers comprising 52 spacious residences in duplex and simplex configurations. The project launch is planned for this quarter, and possession targeted for 2030, subject to regulatory approvals and construction progress.