Embassy Developments' New Project 'Paradiso' in North Bengaluru Fully Sold Out with Topline of ~₹204 Cr

Embassy Developments Ltd. (Script - NSE: EMBDL / BSE: 532832), one of India's leading real estate developers, today announced that Paradiso, its latest luxury plotted development within the Embassy Springs township in North Bengaluru, has sold out immediately, clocking pre-sales of ~₹204 Cr.

Spread across ~6.4 acres, Paradiso features large-format plots ranging from ~4,300 to ~4,800 sq. ft., starting at ~₹4.3 crore. The project drew strong interest from high-net-worth individuals and new-age buyers looking for premium residential plots in low-density, infrastructure-ready communities in Bengaluru's most soughtafter corridors.

Embassy Springs, located 15 minutes from Kempegowda International Airport, is the largest integrated township in North Bengaluru. It offers over 100 amenities, 45 acres of green open spaces, an 18-kilometre internal road network, and built infrastructure, including a school, senior living facility, and wellness zones.

Since its launch in 2016, the township has evolved into a fully established urban ecosystem. Shailendra Subbaraya, Chief Operating Officer - South, Embassy Developments Limited, commented, "The swift sell-out of Paradiso reflects two strong shifts we're seeing in the residential market: a growing preference among new-age buyers for plotted living within integrated communities and sustained interest in North Bengaluru as a future-ready residential hub. Today's homebuyer is looking beyond just an apartment; they want space, flexibility, community infrastructure, and long-term appreciation. Plotted developments like Paradiso allow us to meet these aspirations while also unlocking value through capital-efficient formats. With Embassy Springs now a thriving ecosystem, we're excited to accelerate our next phase of launches."

Shares of Indiabulls Real Estate Limited was last trading in BSE at Rs. 95.10 as compared to the previous close of Rs. 96.83. The total number of shares traded during the day was 105510 in over 954 trades.

The stock hit an intraday high of Rs. 97.80 and intraday low of 94.90. The net turnover during the day was Rs. 10151471.00.

Source : Equity Bulls

Keywords

EmbassyDevelopments INE069I01010 Realty EMBDL Paradiso Luxury PlotDevelopment EmbassySpringsTownship NorthBengaluru