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Hyderabad: Embassy Developments Ltd, a prominent real estate developer in India with operations in key markets like Visakhapatnam, Bengaluru, Mumbai Metropolitan Region (MMR), and the National Capital Region (NCR), has finalized and delivered its previously stalled residential project in Visakhapatnam, known as Indiabulls Sierra. The project, which occupies 4.8 acres and has a built-up area of 0.8 million sq. ft., has now obtained Occupation Certificates (OCs), enabling 620 families to move into their new homes. This achievement represents a significant turnaround for a development that experienced prolonged delays and uncertainty prior to Embassy’s involvement. Additionally, Embassy Developments has reached substantial delivery benchmarks in Mumbai, Thane, and Gurugram.
In the Mumbai area, the developer has successfully completed three large residential projects, including The Blu Estate & Club in Worli, which covers 10.8 acres and features 1.4 million sq. ft. with 374 residences, receiving phased OCs between 2018 and 2022.