In a recent development, the Embassy Industrial Parks plans investment of approximately USD 300 million (about Rs 2,100 crore) in the next three years for developing its ongoing logistics and warehousing projects, an official said. The company, a joint venture between realty firm Embassy Group and private equity firm Warburg Pincus, is developing industrial and […]
Continue ReadingThe WeWork India is initiating the process to acquire approximately 1 million sqft of office space in Hyderabad. This workspace will cover four locations in Hyderabad that include the IT hub of Gachibowli. The sources informed that the company has pre-leased the properties in the first half of 2019 and will venture into the Hyderabad […]
Continue ReadingThe Embassy group ventures into the co-living sector under the banner of EPDPL Co-Living Private Limited. While starting the operations, the company will offer 20,000 beds that will be developed on the current land parcels. The company aims to achieve more than 100,000 beds owned and operated by them in the next five years as […]
Continue ReadingKaterra, a leading design, and technology-driven global construction company announced signing of a project with the Embassy group a leading developer in the Bangalore city. Embassy 3A that is spread across 1.6 million sqft of commercial space is the most recent addition to the Embassy Tech Village in Bangalore which is its office park in […]
Continue ReadingPhoenix group a real estate firm Real estate company bought back 50% shares from the Embassy group. These stakes are taken back in three special economic zones (SEZs) that are located in Hyderabad. However, the amount of these bought back shares are not yet to be disclosed. In the next five years, the total investment […]
Continue ReadingEmbassy group, the renowned developer has decided to bring down the famous Le Meridien hotel located in Bengaluru’s CBD [Central Business District] area to develop office space here, the sources said. The sources said that the hotel will be demolished this year and the construction of office space building will commence next year. This is […]
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