Embassy Group or Embassy Property Developments Pvt. Ltd is an Indian real estate developer based in

Bengaluru Bengaluru, also known as Bangalore (List of renamed places in India#Karnataka, its official name until 1 November 2014), is the Capital city, capital and largest city of the southern States and union territories of India, Indian state of Kar ...

, established in 1993. The group is into real estate development for verticals like commercial, residential, hospitality, industrial warehouse spaces, services, retail and education. The company has developed projects in Indian cities such as

Chennai Chennai, also known as Madras (List of renamed places in India#Tamil Nadu, its official name until 1996), is the capital city, capital and List of cities in Tamil Nadu by population, largest city of Tamil Nadu, the southernmost states and ...

Hyderabad Hyderabad is the capital and largest city of the Indian state of Telangana. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part of Southern India. With an average altitude of , much ...

Pune Pune ( ; , ISO 15919, ISO: ), previously spelled in English as Poona (List of renamed Indian cities and states#Maharashtra, the official name until 1978), is a city in the state of Maharashtra in the Deccan Plateau, Deccan plateau in Western ...

Coimbatore Coimbatore (Tamil: kōyamputtūr, ), also known as Kovai (), is one of the major Metropolitan cities of India, metropolitan cities in the States and union territories of India, Indian state of Tamil Nadu. It is located on the banks of the Noyy ...

Trivandrum Thiruvananthapuram ( ), also known as Trivandrum, is the capital city of the Indian state of Kerala. As of 2011, the Thiruvananthapuram Municipal Corporation had a population of 957,730 over an area of 214.86 sq. km, making it the largest and ...

, and two countries overseas (

Serbia , image_flag = Flag of Serbia.svg , national_motto = , image_coat = Coat of arms of Serbia.svg , national_anthem = () , image_map = , map_caption = Location of Serbia (gree ...

and

Malaysia Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and thre ...

). Embassy Group is headed by Jitu Virwani, Chairman & Managing Director of the group. Embassy also operates a

real estate investment trust A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hos ...

(REIT), called Embassy Office Parks REIT, which is the first listed REIT in India and Asia's largest office REIT by area.

History

In 2024, India's securities regulator SEBI directed Embassy Office Parks Management Services (the manager of Embassy Office Parks REIT Ltd) to suspend Aravind Maiya as CEO after an investigation by the

National Financial Reporting Authority National Financial Reporting Authority (NFRA) is the auditing and accounting supervision authority of India. The authority oversees the auditing profession and the Indian Accounting Standards under the Companies Act 2013. It was formed in Oc ...

(NFRA) found "serious lapses" and financial mismanagement by Maiya when he was an auditor for Coffee Day Enterprises in 2018–19. After some resistance, Maiya stepped down as CEO and was instead appointed as the Head of Strategy. In December 2024, Embassy REIT raised ₹1,000 crore through debt

refinancing Refinancing is the replacement of an existing debt obligation with another debt obligation under a different term and interest rate. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic ...

Projects

Commercial

* Manyata Embassy Business Park, Bengaluru *Embassy Tech Zone,

File:Embassy Tech Village.jpg, Embassy TechVillage, Bangalore File:Embassy GolfLinks Business Park.jpg, Embassy GolfLinks Business Park, Bangalore File:Embassy TechZone, Pune.jpg, Embassy TechZone, Pune File:Embassy Splendid Tech Zone Pallavaram.jpg, Embassy Splendid TechZone, Chennai

References

External links

Official website
Private equity firms Venture capital firms of India Indian companies established in 1993 Real estate companies of India Companies based in Bengaluru Warburg Pincus companies 1993 establishments in Karnataka Real estate companies established in 1993 {{India-company-stub