Embassy Developments Signs ₹711 Crore Juhu Deal for Entire 63,000 Sq Ft Residential Tower
Mumbai | September 22, 2026: Mumbai’s ultra-luxury housing market has recorded a landmark transaction with Embassy Developments signing an MoU for the sale of an entire residential tower at Embassy Terazza in Juhu for approximately ₹711 crore. The residence spans a 63,000 sq ft RERA carpet area across a G+7-storey tower and is being acquired by Dinesh Thakkar, Founder, Chairman and Managing Director of Angel One.
₹711 Crore Deal Covers an Entire Residential Tower
Embassy Developments Limited has signed a Memorandum of Understanding for the sale of an entire tower at Embassy Terazza, its ultra-luxury residential project on Juhu Tara Road.
The transaction is valued at approximately ₹711 crore, according to the company's announcement.
The residence covers around 63,000 sq ft of RERA carpet area across a G+7-storey tower, making it substantially different from a conventional individual luxury apartment transaction.
Embassy Developments has described the deal as India's largest single residential unit transaction.
Juhu Luxury Housing Gets a Major High-Value Transaction
Embassy Terazza is located on Juhu Tara Road, one of Mumbai's established premium residential addresses.
The project is spread across more than 2 acres and is planned with approximately 50 residences across five towers.
The low-density development is designed around larger homes, panoramic sea and city views, landscaped internal spaces and curated lifestyle and wellness amenities.
₹3,000 Crore Plus Project Takes Shape
Embassy Terazza has an estimated Gross Development Value of more than ₹3,000 crore, according to the developer.
The project is being developed under a development management model, with one residence planned per floor across the five towers.
The ₹711 crore transaction therefore represents a substantial individual sale within the project's overall development value.
Why Ultra-Luxury Buyers Are Choosing Larger Homes
The transaction highlights a segment of Mumbai's housing market where buyers are seeking significantly larger private residences rather than conventional apartment formats.
The tower purchased by Thakkar is intended to serve as a family home and has been named “Angelus.”
According to the buyer, privacy, spaciousness and sea views were among the key considerations behind the acquisition.
The project combines these features with its Juhu location and proximity to established residential and lifestyle infrastructure.
Embassy Expands Luxury Residential Footprint in MMR
The Juhu development adds to Embassy Developments' growing residential portfolio across the Mumbai Metropolitan Region.
Its MMR projects include:
- Embassy Citadel in Worli
- Embassy Serenity in Alibaug
- Embassy Park in Panvel
- Embassy One in Thane
- Embassy Terazza in Juhu
The expansion gives the company exposure to multiple segments of Mumbai's premium and luxury residential market.
Limited Supply Keeps Focus on Ultra-Luxury Homes
Large, low-density residential developments are relatively limited in established Mumbai locations where land availability is constrained.
Embassy Terazza's planned scale, with around 50 residences across more than two acres, positions it within a narrow segment of the city's luxury market.
For buyers evaluating ultra-luxury properties, factors such as land scarcity, residence size, views, privacy, developer execution and project location remain important alongside the headline transaction value.
What the ₹711 Crore Deal Means for Juhu Real Estate
The transaction provides a significant data point for Mumbai's ultra-luxury residential segment, particularly for large-format homes in established coastal neighbourhoods.
However, a single high-value transaction should not by itself be treated as a benchmark for all Juhu properties. Actual valuations can vary substantially depending on carpet area, floor, views, amenities, project positioning and transaction structure.
For the market, the next focus will be the progress of Embassy Terazza, further sales within the project and whether other ultra-luxury developments in Juhu and surrounding premium locations record similarly large transactions.