Founded in 1993, Embassy Group has built across Bangalore for more than 30 years. Here is what its record shows for plot buyers at Embassy Springs.
When you buy land, you are also buying into the developer behind it. The Embassy Group track record Bangalore buyers can examine spans more than 30 years, from office parks and hotels to homes and townships. For buyers looking at the new release of about 90 plots at Embassy Springs in Devanahalli, that history is worth understanding. Here is what the record shows.
The Group at a Glance
Metric | Detail |
|---|---|
Founded | 1993 |
Experience | 30+ years |
Portfolio | 160 MSF across commercial, residential, flexible and new development |
Completed homes | 21 million sft |
Presence | 22 cities across India |
REIT | Sponsor of India's first and Asia Pacific's largest REIT by area |
Listing | Embassy Developments Limited, listed on BSE and NSE |
Embassy Group History
Embassy Group history begins in 1993. Over three decades, the group grew into a diversified conglomerate working across commercial, residential, industrial and hospitality spaces. Its listed residential arm, Embassy Developments Limited, was formerly known as Equinox India Developments Limited and, before that, Indiabulls Real Estate Limited. The group is led by Chairman and Promoter Jitendra Virwani and Managing Director and Promoter Aditya Virwani.
Embassy Group Completed Projects
Among Embassy Group completed projects, several stand out in North Bangalore. Embassy Manyata Business Park ranks among Asia's largest tech parks. On Bellary Road, Embassy ONE brings hospitality to the same corridor. In Hebbal, Embassy Lake Terraces is a benchmark for luxury apartments in the north.
Inside Embassy Springs itself, the original plot enclaves — Harmony, Serenity, Eden and Verde — have been delivered and sold out. Apartment neighbourhoods Embassy Edge and Green Shores sit alongside them. For a plot buyer, that is the most direct evidence: the developer has already delivered land in this very township.
Scale and Focus
The group's residential and commercial work focuses on Bangalore, the Mumbai Metropolitan Region and the National Capital Region. With a 160 MSF portfolio and 21 million sft of completed homes, it operates at a scale few developers in India match. Scale alone does not guarantee quality, but it does mean a long record that buyers can examine.
What the Record Means for Embassy Springs
Embassy Springs shows the group's approach to township planning. The ~288-acre township includes more than 45 acres of green space, a 5.5-acre man-made lake, 32+ themed parks, a large clubhouse, an in-township school, a healthcare facility, an ISKCON temple and a commercial Town Centre. All of these already serve residents.
The new release adds about 90 villa plots on roughly 8 acres, in sizes from 1,500 sft to 3,000 sft, at a BSP of Rs 16,000 per sft onwards. Plots connect to existing township roads and utilities.
How to Use a Track Record
Visit completed projects and see how they have aged
Speak to residents in finished enclaves
Check the developer's RERA records for current projects
Review the listed company's public disclosures
Our article on whether Embassy Group is a good builder weighs the record more fully, and our look at the group's delivery record explains how to check timelines.
Lessons from a Finished Township
A township shows a developer's work more clearly than a single building. At Embassy Springs, buyers can see how the lake, parks, clubhouse and enclaves have come together over time, and how the original plot enclaves filled with homes. Walking through the older streets gives a realistic picture of what a new plot in this release could look like once owners have built. It also shows how shared spaces are kept, which matters for anyone planning to hold land here for years.
Questions Worth Asking
Which completed projects can I visit before booking?
How long did the original enclaves take to fill with homes?
Who maintains the township's shared spaces?
Corporate Strength
Behind the brand sits a listed company. Embassy Group holds a 42.65% controlling stake in Embassy Developments Limited following the NCLAT-approved merger with Nam Estates Pvt Ltd, effective January 2025. The company carries an IVR A- Stable debt rating.
The Embassy Group track record Bangalore buyers can review gives them a long history to examine before they commit. See the specifications page, book a site visit to see the township, or visit the Embassy Springs Plots homepage.
FAQs
When was Embassy Group founded?
Embassy Group was founded in 1993 and has more than 30 years of experience.How large is Embassy Group's portfolio?
The portfolio spans 160 MSF, with 21 million sft of completed homes across 22 cities.Which projects has Embassy Group completed in North Bangalore?
They include Embassy Manyata Business Park, Embassy ONE and Embassy Lake Terraces, plus the original plot enclaves at Embassy Springs.Is Embassy Developments listed?
Yes. Embassy Developments Limited is listed on BSE and NSE.
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