Embassy Developments Receives RERA Approval for its First Project in Alibaug; Eyes Rs 400 crore GDV
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Embassy Developments Limited (formerly known as Equinox India Developments Limited and earlier as Indiabulls Real Estate Limited) (EDL) is one of India’s largest listed real estate developers, specialising in the development of residential and commercial projects across key urban markets.
Embassy Developments Ltd. (EDL) has officially entered the luxury second-home market following MahaRERA approval for Phase I of Embassy Serenity in Alibaug. Located in Thal Village, this "resort-style retreat" marks the company’s debut in the Mumbai Metropolitan Region’s lifestyle segment. Often likened to the Hamptons, Alibaug has become a premier destination for high-net-worth individuals seeking exclusivity and greenery, now bolstered by significantly improved road and ferry connectivity to mainland Mumbai.
The project is spread across a 7-acre hillside land parcel, representing a total development value of approximately Rs 400 crore. The approved first phase features five G+5 towers consisting of 52 spacious residences available in both duplex and simplex configurations. With a planned launch this quarter and a possession target of 2030, the development emphasises a low-density living experience that prioritises nature over urban density.
Designed by global partners Broadway Malyan and Coopers Hill, Embassy Serenity allocates over 52 per cent of its area to open green spaces and a traffic-free podium. The architecture utilises soft curvilinear forms and open terraces to blend into the tropical forest setting rather than competing with it. Residents will have access to a curated suite of amenities, including a clubhouse, resort-style pool, and courts for tennis, padel, and pickleball, all managed professionally by Embassy Services Private Limited.
This expansion comes during a period of significant financial momentum for EDL, highlighted by a robust Q3 FY26 performance featuring pre-sales of Rs 1,392 crore. The Alibaug venture is part of a larger growth strategy, with the company securing multiple RERA approvals for projects with an aggregate value exceeding Rs 12,800 crore. As Alibaug transitions from a weekend escape to a structural extension of the primary luxury lifestyle, EDL aims to set a new benchmark for premium coastal living in India.
About Embassy Developments Limited
Embassy Developments Limited (formerly known as Equinox India Developments Limited and earlier as Indiabulls Real Estate Limited) (EDL) is one of India’s largest listed real estate developers, specialising in the development of residential and commercial projects across key urban markets. With a strategic focus on Bengaluru, the Mumbai Metropolitan Region (MMR), and the National Capital Region (NCR), the Company also has a presence in Chennai and Indore. EDL has a diversified residential portfolio with a well-balanced mix of high-value and high-volume developments across mid-income, premium, and luxury segments. Its portfolio of ready, ongoing, and future residential projects includes branded residences, uber-luxury apartments and villas, exclusive town homes, condominiums, integrated townships, senior living communities, and contemporary homes.
Disclaimer: The article is for informational purposes only and not investment advice.