EMBDL

Embassy Developments Limited : Receives RERA Approval for First Alibaug Project; Eyes ₹400 Cr GDV • 🏗️ Project Approval: Company received MahaRERA approval for Phase I of Embassy Serenity, marking entry into Alibaug’s lifestyle and second-home market. • 💰 Development Scale: Project has an estimated GDV of ~₹400 crore across ~0.2 million sq. ft. RERA carpet area. • 🏡 Premium Offering: Development includes 52 luxury residences across five towers with resort-style amenities and over 52% open green space. • 📈 Growth Momentum: Launch planned this quarter; management highlights strong Q3 FY26 pre-sales and multiple approvals supporting growth visibility. • 🌍 Strategic Expansion: Strengthens presence in MMR and taps rising demand for second homes driven by improving connectivity to Mumbai. 🟢 Impact: Positive RERA approval enables monetisation of a new premium project, expands Embassy’s lifestyle portfolio, and enhances medium-term revenue visibility through entry into a high-demand micro-market.