Bengaluru

Embassy Developments Ltd. (NSE: EMBDL / BSE: 532832) will launch six new residential projects valued at ~₹10,300 crore in North Bengaluru, reinforcing its strong growth trajectory for FY26.

Among the upcoming launches are two premium RERA-approved residential developments, Embassy Greenshore and Embassy Verde Phase II, within the landmark integrated township of Embassy Springs. Embassy Greenshore will offer a differentiated collection of 800+ apartments across 2, 3, and 4 BHK configurations, featuring larger layouts, superior specifications, and elevated finishes. Building on the exceptional response to the fully booked Phase I, Embassy Verde Phase II will give homebuyers another opportunity to unlock value and be part of the North Bengaluru growth story.

Another key launch planned for FY26 is a new residential development in Hebbal. Located adjacent to the iconic, sold-out Embassy Lake Terraces, this 10-acre development will comprise 600+ premium residences in 3 BHK (medium and large) and 4 BHK formats for buyers preferring contemporary and more space-efficient residences.

In addition to the expansive North Bengaluru footprint, the company will also unveil two projects including an invite-only villa community and a premium villa project, together covering 116 acres, planned for launch this year.

Together, these projects represent ~5.6 million sq. ft. of development potential in North Bengaluru, across premium apartments and villas, strengthening Embassy’s position in the city’s residential market.

Aditya Virwani, Managing Director, Embassy Developments Ltd., said: “With RERA approval for two of our projects, we have entered an exciting phase of growth and are confident of achieving our pre-sales target of approximately ₹5,000 crore for FY26. Bengaluru’s premium housing market is evolving rapidly, driven by changing lifestyle preferences, a growing demand for integrated communities, and a focus on well-designed homes. The investment hotbed of North Bengaluru continues to be one of our most strategic markets, reflecting the aspirations of India’s new generation of homeowners. Our upcoming projects are designed to meet these expectations – offering exceptional connectivity, design, and value.”

The company also recorded a complete sell-out of Embassy Paradiso, its luxury plotted development within Embassy Springs, with pre-sales of approximately ₹204 crore.

For more information please contact:

Sera Minocher

sera.r@embassyindia.com

About Embassy Developments Limited 

Embassy Developments Limited (formerly known as Equinox India Developments Limited and earlier as Indiabulls Real Estate Limited) (“the Company”) is one of India’s leading real estate developers, specializing in the construction and development of residential, commercial, and Special Economic Zone (SEZ) projects across Indian cities. 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, Jodhpur, Vadodara, Vizag, and Indore. EDL boasts a diversified residential portfolio, offering 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 developments includes branded residences, uber-luxury apartments and villas, exclusive town homes, condominiums, integrated townships, senior living communities, and contemporary homes. Committed to building a resilient ecosystem, the Company actively fosters social, economic, and environmental progress in the communities it serves. The Company is listed on BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE) and holds a long-term debt rating of IVR A- Stable from Infomerics. 

Following recent approval on the scheme of merger between Nam Estates Private Limited and the Company, by the Hon’ble National Company Law Appellate Tribunal (NCLAT) on January 7, 2025, Embassy Group (Mr Jitendra Virwani, Mr Aditya Virwani with certain group entities) has become the new promoter with a 42.65% controlling stake. The merger was successfully implemented with effect from January 24, 2025, and the Company has been renamed as Embassy Developments Limited effective February 13, 2025.

Table Space, one of India’s leading managed workspace providers, announced the launch of its newest centre – Table Space MFAR 2B Embassy Manyata Business Park located on Bengaluru’s Outer Ring Road (ORR). The ORR has swiftly emerged as Bengaluru’s most vibrant hub for Global Capability Centres (GCCs).

The centre, spread across six floors (B+G+5) and covering over 180,000 sq. ft., further strengthens Table Space’s position in India’s office market. Table Space MFAR 2B Embassy Manyata Business Park’s strategic location provides proximity to an entire ecosystem of schools, restaurants, hospitals, banks and housing options, helping modern teams maintain a healthy work-life balance.  With this launch, Table Space now has multiple centres in ORR, one of India’s leading tech corridors and several centres in Bengaluru.

This facility brings together both of Table Space’s key offerings under one roof – custom-built workspaces for specific needs of MNCs and GCCs, and Suites, Table Space’s premium ready-to-move-in solution with seats designed to serve a wide range of enterprise needs. The launch highlights the growing demand for flexible, scalable and high-quality workspaces in Bengaluru’s key business corridors.

Commenting on the launch, Kunal Mehra, Co-CEO & President, Table Space said, “India continues to be a global hotspot for enterprise expansion, with rising demand for agile, scalable and premium workspaces across sectors such as IT/ITeS, BFSI, healthcare, and advanced tech. The launch of Table Space MFAR 2B Embassy Manyata Business Park further strengthens our commitment to this momentum. It marks another milestone in our growth journey in Bengaluru, India’s most competitive and dynamic office market.”

Sharing her perspective, Anamika Gupta, Executive Director – Sales, Table Space said, “ORR continues to be a prime hub of Bengaluru’s commercial real estate. The launch of Table Space MFAR 2B at Embassy Manyata Business Park is a significant addition to our growing footprint in this vital corridor.”

Table Space concluded FY25 with a remarkable growth in its total managed office portfolio, which now stands at over 9 million sq. ft. across India’s metro cities, as of 31^st March, 2025. The company launched several new centres during the year, adding significantly to its portfolio of premium workspace across Bengaluru, Delhi, NCR, Pune, Hyderabad, Mumbai and Chennai.

Gunjur, an important micro-market in Bengaluru’s residential market, has seen a sharp price appreciation of nearly 2.5 times since 2020 due to strong demand for premium homes.

Gunjur , located in east of, Bengaluru, enjoys the benefit of being located in close proximity of major office hubs including Whitefield, Brookefield and Bellandur.

According to NSE-listed real estate data analytics firm PropEquity, the average housing prices in Gunjur has risen to Rs 11,850 per square feet in 2024 from Rs 4,800 per sq. ft. in 2020, up 146 per cent or nearly 2.5 times.

Overall, Bengaluru is leading the office market in the country.

The IT city hosts many Global Capability Centers (GCCs), thanks to the availabilities of tech workforce and premium workspace at around USD 1 per square feet per month rental.

The city is also known as a startup hub.

Bengaluru-based real estate developer Sanjeevini Group Chairman and Founder, Umesh Gowda H.A said Gunjur is a very strategic micro-market that provides a perfect blend of urban convenience and natural tranquillity.

“Gunjur provides easy access to major business corridors like Whitefield, Sarjapur Road, ORR, and Electronic City. It is located at an accessible distance to the education, healthcare and leisure centres. This makes it an ideal destination for homebuyers. To add to this, the 2.5X growth in prices in the last five years and the limitless possibilities that this micromarket present in the future make it worthwhile for investors and homebuyers to stay invested for the long-run.”

Sanjeevini Group is coming up with a residential group housing project in Gunjur and is currently awaiting RERA approval. In the past, the company has delivered high-end residential projects in East Bengaluru.

The micromarket has seen 29 per cent average annual growth in prices indicating strong demand from investors and homebuyers.

The large-scale infrastructure development like 150 ft. CDP Road, which seamlessly connects to the Outer Ring Road and Varthur–Sarjapur/Chennai Highway; and Peripheral Ring Road will be game-changers for the real estate market in Gunjur.

Experts say homes priced in Rs 1-2 crore category of 3BHK configuration is the major demand driver in Gunjur. The rise in new launches in the past years indicate strong demand. The PropEquity reports stated that 22 projects were launched adding 8558 units between 2020-24, a sharp increase from 2015-19 when only 13 projects were launched supplying 3421 units; an increase of 150 per cent.

Between 2020-24, 7745 units were absorbed as compared to 3804 units in 2015-19, an increase of 103 per cent.  In the last 5 years, 12 projects comprising 3172 units have been delivered indicating growing habitation.

Rapid Infrastructure development driving real estate

The city is witnessing major infrastructure development, the benefits of which will be reaped by Gunjur. Among them are the proposed Bengaluru Business Corridor (earlier named Peripheral Ring Road), a 73-kilometer long and 100-meter-wide six-lane expressway and service roads on both sides that will add to Gunjur’s connectivity and more importantly reduce travel time to Kempegowda International Airport.

The Gunjur Palya Road connects it to Bellandur while the Varthur-Sarjapur road connects it to Whitefield and Brookefield.

Gunjur provides easy access to reputed schools like Basil Woods International School and The International School Bangalore, healthcare facilities like Manipal Hospital and Sri Lakshmi Multi-Speciality Hospital, shopping and leisure facilities like Nexus Whitefield Mall and Centro Mall and premium hotels like Courtyard by Marriot and Double Tree by Hilton.

It is located just 3 km from the upcoming suburban railway station that will enhance quick access to the city. Also, it is a part of the proposed metro expansion. The construction of State Highway 35 will further propel its liveability factor.

“Rapid infrastructure development, upcoming transport links, and increasing demand make Gunjur a hotspot for real estate investment,” Gowda added.

The Bengaluru real estate market is witnessing a growth never seen before. The PropEquity report states that in January-March of 2025, the city recorded 10% growth in absorption at 18,508 units while supply grew 17% to 20,227 units.

According to Colliers, the Bengaluru office market witnessed 21.7 million sq. ft. of office leasing in 2024, up 39 per cent from 15.6 million sq. ft. in 2023 with its share rising to 33 per cent in 2024 from 27 per cent in 2023.

Gunjur boasts of beautifully planned neighbourhoods with abundant greenery, lakes and natural tranquillity. This along with seamless mix of convenience, connectivity and amenities makes it an appealing residential destination for living today and smart investment for tomorrow.

Table Space, one of India’s leading managed workspace providers for enterprises, has concluded FY25 on a positive note, reporting an impressive 41% year-on-year growth in its total portfolio in terms of million sq. ft.

As of March 2025, Table Space’s footprint spans 10.5 million sq. ft. across India’s top commercial office markets, reaffirming its position as one of the leading players in the managed office space sector.

Table Space’s expansion was focused entirely across 7 key clusters (metro cities) in India. Bengaluru led the growth chart contributing one-third to the overall portfolio addition with 980,000 sq. ft., the highest among all cities as of March 2025. This was followed by significant expansions in the National Capital Region (682,000 sq. ft.), Pune (542,000 sq. ft.), and Hyderabad (415,000 sq. ft.), reinforcing Table Space’s presence in India’s major business corridors. Table Space saw a significant increase in leasing velocity compared to the previous fiscal year, indicating traction and strong client acquisition across industry verticals.

In FY25, Table Space added 3.01 million sq. ft. to its portfolio, with 16 newly launched centres contributing to 76% of premium, managed workspaces. These include several high-quality, Grade A assets developed by some of India’s most respected names, exemplifying Table Space’s commitment to scale, customisation, and elevated design standards.

Commenting on the milestone, Karan Chopra, Chairman and Co-CEO, Table Space said, “Our growth strategy is focused on expanding in high-potential micro-markets across India’s major business hubs—Bengaluru, NCR, Pune, Hyderabad, Mumbai, and Chennai. Each new centre is a strategic move to serve the evolving demands of enterprise clients across diverse sectors. What differentiates Table Space is our strong investment in technology, which powers intelligent, secure, and seamless workspace experiences. Combined with our enterprise-grade design and fully managed office solutions, we don’t just offer scale—we deliver agility, efficiency, and future-readiness. Our goal is to enable businesses to thrive in today’s dynamic landscape.”

A standout highlight this year was the rapid expansion of Suites – Table Space’s premium, ready-to-move-in workspace solution for enterprises. The portfolio grew over six-fold, from 1,801 seats in FY24 to 11,461 in FY25, driven by strong uptake across enterprise sizes. Demand was well-distributed across configurations, signalling a rising preference among corporates for flexible, plug-and-play office spaces.

“FY25 has been a landmark year for Table Space, with a strong 41% year-on-year growth driven by the accelerating demand from Global Capability Centres (GCCs) expanding in India. Our unique strength lies in offering a full-spectrum managed workspace solution designed for enterprises—from ready-to-move-in Suites to fully custom-built, design-led environments—catering to the diverse needs of large enterprises. This holistic solution approach has helped us attract a wide range of sectors including IT/ITeS, BFSI, healthcare, advanced tech and more. The continued surge in client acquisition and the growing preference for managed, flexible workspaces are clear indicators that our model is future-ready and built for scale,” said Kunal Mehra, Co-CEO, Table Space.

Sectoral leasing demand was led by Software/IT/ITeS, followed closely by Banking, Financial Services & Insurance (BFSI) and Healthcare, Pharma & Biotech, highlighting a consistent trend of occupier confidence in managed workspace models.

About Table Space:

Table Space is one of the leading flexible workspace solution providers in India and specializes in providing enterprise-managed workspace solutions to global enterprises. Founded in 2017 by former commercial real estate professionals, Table Space’s portfolio comprises 10.5 million sq. ft (100.5 lakh sq. ft) of custom workspaces for enterprises as of December 2024, with over 75+ centres across key clusters in India. With over 350+ clients including leading US headquartered MNCs and GCCs, Table Space offers a unique solution-based approach to clients’ workspace needs. It provides a complete spectrum of offerings from ready-to-move-in premium managed workspaces with Suites by Table Space to fully customized end-to-end managed solutions delivered through an in-house Design Studio, and future-first Enterprise Workspace-as-a-Service (WaaS).