Embassy Developments Q3 Update | Pre-sales jump 240% QoQ to ₹1,392 crore

Realty firm Embassy Developments Ltd on Friday (January 9) recorded pre-sales of about ₹1,392 crore during Q3FY26, marking a quarter-on-quarter growth of around 240% compared with ₹409 crore in Q2FY26. For the nine months ended FY26, cumulative pre-sales stood at ₹1,999 crore. In Q1FY26, pre-sales were ₹198 crore.

Collections during the quarter came in at approximately ₹415 crore, representing a 15% increase over ₹359 crore in the previous quarter. For the nine-month period of FY26, cumulative collections aggregated to ₹1,096 crore. Collections in Q1FY26 were ₹322 crore.

During the quarter, Embassy Developments received Real Estate Regulatory Authority approvals for four projects — Embassy Citadel in Worli, Mumbai; Embassy Greenshore in North Bengaluru; Embassy Eden in North Bengaluru; and Embassy Verde phase 2 in North Bengaluru. These projects together have an estimated gross development value exceeding ₹12,800 crore.

Also Read: Embassy Developments expects ₹1,500 crore pre-sales in quarter three despite NCLT proceedings

The company also received the occupancy certificate for 239 apartments at Serene Amara, a senior living project being developed through a joint venture with Columbia Pacific Communities in Bengaluru.

Based on current sales momentum and visibility in its project pipeline, Embassy Developments said it remains on track to achieve its full-year pre-sales guidance of ₹5,000 crore for FY26.

As of December 31, 2025, the company’s net institutional debt stood at approximately ₹2,939 crore. The company noted that the reported figures are provisional and subject to limited review.

Shares of Embassy Developments Ltd ended at ₹67.65, down by ₹1.11, or 1.61%, on the BSE.

Also Read: Embassy Developments stays confident of FY26 targets despite slow first half