Embassy Developments sells luxury tower in Juhu to Dinesh Thakkar
What happened
Embassy Developments signed an MoU on September 22, 2026, to sell an entire residential tower at its Embassy Terrazza project in Juhu to Dinesh Thakkar. The residence, named ‘Angelus’, is a ground-plus-seven-storey tower with a RERA carpet area of 63,000 sft. The transaction is valued at approximately Rs 711 crore, including taxes and other costs.
From indiatimes.com
Why it matters
The sale is described by Embassy Developments as an endorsement of the company’s residential strategy in Mumbai. The transaction is part of the larger Embassy Terrazza project, which has an estimated gross development value exceeding Rs 3,000 crore.
From indiatimes.com
Who's involved
- Dinesh ThakkarBuyer of the residential tower at Embassy Terrazza.
- Embassy GroupDeveloper of the Embassy Terrazza project in Juhu.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Embassy GroupSpeculative
Embassy Group could see a direct revenue increase and positive financial performance.
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The entities involved
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Mumbai
capital city in Maharashtra, India
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Thane
a city in Maharashtra, India
- Residential market sales volumes are being tracked across major Indian cities, including Thane, Bengaluru, Hyderabad, Kolkata, Navi Mumbai, Mumbai, Pune, and Chennai.
- The Eknath Shinde-led party is operating in Thane, with Abhinav Goyal serving as the KDMC Commissioner in the city of Thane, Maharashtra.
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Juhu
locality in Mumbai, India
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Worli
neighbourhood in Mumbai City, Maharashtra, India
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