Embassy Developments has announced an investment of Rs 1,500 crore to build a premium three million sq. ft. office complex in Bengaluru, reinforcing its focus on expanding its commercial real estate portfolio. The project marks the first phase of a larger six million sq. ft. office development planned across a 35-acre land parcel.
Construction of the initial phase is already underway and will be completed in stages. The announced investment, excluding land cost, is aimed at developing high-quality office spaces to meet the growing demand from corporate occupiers. The company expects the project to generate stable rental income while strengthening its presence in the commercial real estate segment.
Managing Director Aditya Virwani said Embassy Developments remains optimistic about the Indian office market, driven by increasing demand from global companies establishing Global Capability Centres (GCCs) across the country. While the company has a strong residential presence in Bengaluru, the Mumbai Metropolitan Region (MMR), and Delhi-NCR, it is steadily diversifying into commercial assets.
In addition to its office expansion, the company plans to achieve Rs 8,000 crore in residential sales bookings during the current financial year. It also aims to launch housing projects worth nearly Rs 20,000 crore, reflecting sustained demand for residential developments in India’s major urban markets.
