The approval marks the company’s entry into the lifestyle and second-home segment. The project, located in Thal Village, Alibaug, has a total RERA carpet area of about 0.2 million sq ft and an estimated gross development value (GDV) of around Rs 400 crore. Set on a 7-acre land parcel, the approved phase will comprise five G+5 towers housing 52 residences in duplex and simplex configurations.
The project launch is planned for the current quarter, with possession targeted for 2030, subject to regulatory clearances and construction progress. The development will feature over 52% open green spaces and a traffic-free podium. Architectural design has been undertaken by Broadway Malyan (UK), while landscape design is by Coopers Hill (Singapore).
The project will include a clubhouse, resort-style swimming pool with a poolside bar and café, and sports facilities such as tennis, padel and pickleball courts, along with dedicated spaces for social gatherings. While not beach-facing, the development is positioned as a hillside residential project in a forested setting.
Residences will be professionally managed by Embassy Services Private Limited (ESPL), with homeowners also having access to WAYS (World At Your Service) offerings.
The RERA approval comes amid strong operating momentum. In Q3 FY26, EDL reported pre-sales of Rs 1,392 crore, marking about 240% quarter-on-quarter growth, along with collections of Rs 414 crore and multiple RERA approvals across projects with an aggregate GDV exceeding Rs 12,800 crore.
Sachin Shah, CEO & Executive Director, Embassy Developments Ltd., said: “As connectivity between Mumbai and Alibaug continues to improve, we believe this micro-market will increasingly mirror the evolution of premium coastal living seen globally.”Embassy Developments shares are down 33% down in the last six months.
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