The Embassy group commenced operations in 1993 under the firm Virwani Builders'. Later on, the name and constitution was changed to Embassy Property Developments Private Limited on 30 July 1996. The Embassy group is one of the leading real estate developers and has presence of more than 25 years in the real estate industry. Over the years, the group has developed several projects spanning more than 55 million square feet across Indian and international markets including Bangalore, Chennai, Hyderabad, Pune, Coimbatore, Trivandrum, Serbia and Malaysia. The group has specific focus and expertise in developing luxury housing and commercial real-estate. The group has extensive land bank of 1000+ acre across India. Since inception, the group has successfully completed number of commercial, residential and hospitality projects. The group has collaborated with several established real estate players such as, Blackstone and Four Seasons Hotels Limited, to execute projects through various SPVs. Some of the marquee commercial projects names are MKN Embassy TechZone (Malaysia), Embassy Tech Village and Embassy TechSquare in Bangalore. The residential and hospitality assets developed by the group includes Embassy Lake Terrace, Four Seasons Residential Project, Embassy Boulevard Club and Embassy Groove amongst others.
Embassy group, along with Blackstone, has formed the India's first Real Estate Investment Trust (REIT) by the name Embassy Office Parks REIT' in April, 2019 and the said REIT is listed on BSE and NSE. REIT is vehicles for owning and operating revenue generating real estate assets and distributing cash flows from them to the unit-holders. Embassy group holds 14.97% of REIT units.
EPDPL has raised a Principal Protected Market Linked Debenture (PP-MLD) of Rs.1355 crore against the pledge of 11.83% units holding of Embassy Office Park REITs. The debentures would be serviced through dividend received (quarterly) on the REIT units.
The operating revenue of the company recorded Rs 7050.65 million in FY2020 as against Rs 5930.56 million in the previous year.