Embassy Developments appoints Leighton Asia as Construction Partner for Embassy Citadel Project in Mumbai

Embassy Developments Limited (NSE: EMBDL / BSE: 532832) today announced the award of a major construction contract valued at over ₹850 crore to Leighton Asia, part of the CIMIC Group, for Embassy Citadel, the Company's landmark ultra-luxury residential development in Worli, Mumbai. The scope of work covers the complete civil and structural works package for the project.

Embassy Citadel marked Embassy Developments' strategic expansion into Mumbai's residential market. Located on Dr. Elijah Moses Road in Worli, the ~1.6 million sq. ft. development has an estimated gross development value of ~₹8,800 crore and will comprise 316 residences across 3, 4 and 5 bedroom configurations, along with two exclusive triplex mansion homes. The project also features ~1 lakh sq. ft. of amenities across seven lifestyle floors and a 79th-floor Sky Lounge. Rising approximately 300 metres, the single-tower development is designed as a vertically integrated luxury ecosystem centred around wellness, hospitality-inspired living, and multi-generational community spaces.

ACS Group and HOCHTIEF Chief Executive Officer and CIMIC Group Executive Chairman Juan Santamaría, said, "This award demonstrates the Group's established capability in delivering high-rise residential developments, including in India where Leighton Asia has successfully delivered a range of large-scale residential projects. Our experience in complex urban environments, combined with our commitment to safety, quality and reliable delivery, position us as a trusted partner in the premium residential sector."

Parag Saraiya, Chief Operating Officer - North & West, Embassy Developments Ltd., added, "Embassy Citadel has been conceived as a new benchmark for luxury living in Mumbai, with an equally strong emphasis on engineering, precision, safety, and construction quality. Leighton Asia brings deep global expertise in delivering complex high-rise developments and a proven reputation for operational excellence. Their capabilities and experience make them a natural partner for a project of this scale, ambition, and technical sophistication."

Embassy Citadel, has been designed in collaboration with an internationally acclaimed consultant team including ADA Architecture (Mumbai), STX Landscape Architects (Singapore), Studio HBA (Singapore and Hong Kong), and Thornton Tomasetti (New York).

Shares of Embassy Developments Limited was last trading in BSE at Rs. 59.07 as compared to the previous close of Rs. 56.46. The total number of shares traded during the day was 135405 in over 556 trades.

The stock hit an intraday high of Rs. 59.19 and intraday low of 57.10. The net turnover during the day was Rs. 7859477.00.

Source : Equity Bulls

Keywords

EmbassyDevelopments INE069I01010 Realty ConstructionContract LeightonAsia EmbassyCitadel Worli