Embassy Group

Embassy Group, founded by Jitendra (Jitu) Virwani in 1993, is a 30+ year Indian real estate developer known for large integrated townships, premium residences and Grade‑A office parks. Leadership includes founder & Chairman Jitendra Virwani and next‑generation leader Aditya Virwani, supported by an experienced executive team (Sachin Shah, Rajesh Kaimal and others). Flagship developments range from Embassy Springs township and Embassy ONE/One Residences to massive office parks like Manyata and GolfLinks, and the listed vehicle Embassy Office Parks REIT.

Founded in 1993, Embassy has grown over 30+ years from residential and hospitality projects to large integrated townships and one of India’s largest office‑park portfolios. The group has expanded into schools, hospitality, renewable energy and co‑living, and completed strategic divestments (eg. industrial parks sale to Blackstone) to sharpen focus.

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Developer Projects

Embassy develops mixed‑use masterplanned townships, luxury and premium residences (villas, high‑end apartments and penthouses), and large Grade‑A commercial campuses serving IT/ITES. Projects span major Indian metros (Bengaluru, Mumbai, Pune, Chennai, NCR) and range from neighborhood housing to multi‑million sq.ft. office parks and branded hotels.

Embassy SpringsMixed-Use | Villa

DevanahalliBangalore

Embassy Lake TerracesResidential Community | Apartment

HebbalAirportBangalore

Embassy BoulevardResidential Community | Villa

HosahalliAirportYelahankaBangalore

Embassy VerdeResidential Community | Apartment

DevanahalliBangalore

Embassy One ResidencesResidential Community | Apartment

BellaryBangalore

Embassy GroveResidential Community | Villa

KodihalliBangalore

Embassy East AvenueResidential Community | Apartment

ITPLWhitefieldBangalore

Embassy PristineResidential Community | Apartment

BellandurMarathahalliBangalore

Embassy ResidencyResidential Community | Apartment

PerumbakkamChennai

Township SonepatResidential Community | Villa

SonepatDelhi

FAQ

Who are the owners ?

• Jitendra (Jitu) Virwani – Founder, Chairman & Managing Director • Aditya Virwani – Managing Director (Embassy Developments), former Group COO, board member of Embassy REIT • Sachin Shah – Chief Executive Officer & Executive Director (Embassy Office Parks) • Rajesh Kaimal – Chief Financial Officer & Executive Director • Sartaj Singh – Head of Hospitality (oversees hotel portfolio and expansion)

Other senior leadership and board members include Michael Holland, Vikas Khadloya, Arvind Maiya, Ritwik Bhattacharjee, Deepika Srivastava and REIT board directors such as Vivek Mehra, Dr. Anoop Kumar Mittal, Dr. Punita Kumar‑Sinha and Dr. Ranjan Pai.

When was the company founded ?

Embassy Group was founded in 1993. It has more than 30 years of experience in Indian real estate development (1993–present).

Is this a public company ?

Embassy Group itself is a privately held group, but it operates a publicly listed vehicle: Embassy Office Parks REIT (listed on Indian stock exchanges). Key publicly available REIT facts:

Market capitalization: ~₹40,835.26 crore (latest cited)
Portfolio: ~45.4 million sq.ft. total area; ~35.8 million sq.ft. completed operating area
Occupancy: ~84%
Financial traits: regular quarterly distributions to unitholders, attractive dividend yield (~5.4%), moderate leverage (group D/E ~0.88). Notable transactions: Blackstone sold a significant REIT stake in Dec 2023. The REIT generates stable rental cash flows but shows some pressure in metrics like interest coverage and ROE, so investors should review detailed financial reports.

Which are the builder's popular projects ?

Embassy Springs (Devanahalli, Bengaluru) — 288‑acre integrated township with villa plots (2,130–5,400 sq.ft.) and 800+ lake‑facing apartments; large amenity set including schools, sports arena and amphitheatre.
Embassy Lake Terraces (Hebbal, Bengaluru) — Luxury apartments (3–4 BHK + penthouses) in nine 'twisted' towers by Andy Fisher Workshop; completed with occupation certificate.
Embassy ONE / Embassy One Residences (Bellary Road, Bengaluru) — Ultra‑luxury residences (1,992–15,800 sq.ft.) integrated with Four Seasons hotel and premium retail/offices; designed by Yabu Pushelberg.
Embassy Manyata Business Park (Nagavara, Bengaluru) — One of India’s largest office parks (~16.3 million sq.ft., USGBC Platinum), home to 60+ multinationals.
Embassy GolfLinks Business Park (Bengaluru) — High‑spec office campus adjacent to Karnataka Golf Association; LEED certified.
Embassy Grove (Kodihalli, Bengaluru) — High‑end 'villaments' (duplex/triplex villas) near the golf course.
Embassy Residency (Perumbakkam, Chennai) — 25‑acre integrated township with 70% open space and senior‑friendly and sustainable features.

(Also active in Mumbai/Pune/Thane with projects such as Embassy Park Panvel, Embassy One Thane and Golf City near the Mumbai‑Pune Expressway.)

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