• Residential market outlook: Management expects a multi-decade housing boom in India driven by rising household incomes and structural shortages, with top developers continuing to gain market share amid ongoing sector consolidation.
• Sales and expansion targets: Embassy is targeting guidance of ₹8,000 crore (including ₹2,000 crore in development management projects) by focusing on Bengaluru, expanding Mumbai to 50% of the business from 30%, and piloting entry into Delhi NCR.
• Capex and funding: The company plans to invest ₹2,000 to ₹2,500 crore this year after deploying roughly ₹1,800 crore last year. High pre-sales and customer collections will primarily fund construction and deleveraging, avoiding the need for further broad capital raises.
• Key project pipeline: Major growth drivers include the Embassy Eden luxury villa project in Bengaluru with ₹1,000 crore pre-sold, alongside new Mumbai launches such as a low-rise project in Juhu and the 1-million-square-foot Citadel project in Worli.