Embassy Group sales bookings up 85% to Rs 2,250 cr on better housing demand

Realty firm Embassy Group on Thursday said its sales bookings rose 85 per cent in the last fiscal year to record Rs 2,250 crore on strong housing demand. In a statement, the company said it achieved best-ever performance in the 202324 fiscal year for its residential business, with sales transaction value of Rs 2,250 crore -- an 85.5 per cent jump from the preceding year. Embassy Group sold 21.18 lakh sq ft, achieving a year-on-year growth of 103 per cent in area sold. This was primarily fuelled by interest from high net-worth individuals (HNIs) and non-resident Indians (NRIs) in ready-to-move-in luxury projects, the company said. Embassy Group COO Aditya Virwani said, "WAs we anticipate a sustained upcycle in the country's housing market in the coming years, we are committed to maintaining this momentum." With housing demand, increasingly consolidating towards Grade A developers, he said the company would replicate its success in the office segment to residential business. "We ha
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