Embassy Signs ₹711 Crore Deal for Entire Juhu Residential Tower

₹711 Crore Deal at Embassy Terazza

Embassy Developments has signed a Memorandum of Understanding to sell an entire residential tower at Embassy Terazza in Juhu for approximately ₹711 crore to Dinesh Thakkar, Founder, Chairman and Managing Director of Angel One Limited.

The proposed transaction covers a complete G+7-storey tower with approximately 63,000 sq ft of RERA carpet area.

Based on the stated transaction value and carpet area, the deal translates to approximately ₹1.13 lakh per sq ft of RERA carpet area.

Embassy Developments has described the transaction as the largest single residential unit transaction in India. This remains the developer's characterization at the MoU stage.

Ultra-Luxury Development on Juhu Tara Road

Embassy Terazza is an ultra-luxury, low-density residential development located on Juhu Tara Road, one of Mumbai's established premium residential micro-markets.

The project is spread across more than two acres and is planned with approximately 50 residences across five towers. The development follows a one-residence-per-floor format and has an estimated gross development value exceeding ₹3,000 crore.

The project is being developed by Embassy Developments under a development management model.

Entire Tower to Become Family Residence

Unlike a conventional luxury apartment transaction, the MoU covers the entire seven-storey residential tower.

Thakkar has named the proposed family residence “Angelus.” In the company's announcement, he cited privacy, spaciousness and sea views among the considerations behind choosing the property.

The scale of the transaction provides a significant new benchmark for Mumbai's ultra-luxury housing segment, where large-format residences in established neighbourhoods such as Juhu, Worli and South Mumbai continue to attract high-value buyers.

Sandeep Sadh’s Take:

A ₹711 crore transaction for an entire residential tower highlights how Mumbai's ultra-luxury market is evolving beyond individual apartments towards highly customised, large-format private residences.