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Tag: Embassy Group

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Thunderstorm Titans Crowned the First Cue Sports Premier League Champion

May 14, 2024 by Sujata 0 Comments #Bengaluru, #Billiards – Bowring Institute, #Bowring Institute, #Brijesh Damani, #D Rajkumar, #Daivik Bansi, #Embassy Group, #First Cue Sports Premier League Champion, #Manan Chandra, #Mr. H S Srikanth, #R Santosh, #Raghavendra Y R, #Rajesh Bajaj, #Snooker Singles, #Sourav Kothari, #Sri Hari and Kushal, #Summer Tuskers, #Thunderstorm Titans, #Titans

Bengaluru, 14 May 2024: Thunderstorm Titans won the first edition of the Cue Sports Premier League 2024 organized by Bowring Institute, Bengaluru. Thunderstorm Titans led by R Santosh won 4-1 out of 7 games against Summer Tuskers led by Sourav Kothari. Rajesh Bajaj, Director of Embassy Group, and Raghavendra Y R, Chairman of Billiards – Bowring Institute handed over the trophy to the winners in the presence of Top Actress Ragini Dwivedi, and Mr. H S Srikanth, Secretary of Bowring amongst other dignitaries.

CSPL Final 1

In the first match of the final, Snooker Singles, Manan Chandra of Thunderstorm Titans defeated Sourav Kothari from Summer Tuskers to take an early lead in the final. The second, third, and fourth matches of the finals were snooker doubles that saw Titans Beating Tuskers in the first and second doubles, while Tuskers won the third doubles.

CSPL Final 2

In the 5th Frame R Santosh, the Captain of the Titans defeated D Rajkumar on the black ball to take the championship, 13-time national champion, Manan Chandra grabbed all the attention in the finals as he showed tremendous concentration and perseverance to grind out a closely contested long-drawn match that ultimately sealed the win for the Titans. Manan Chandra was chosen as the best player of the tournament. The emerging Player of the league was Daivik Bansi, the Highest break of the league was by Brijesh Damani, The Best pair of the league was Sri Hari and Kushal.

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Embassy Group FYE 2024 Sales Transaction Value of Rs.2250 crore – Achieves 85% Growth

May 3, 2024 by Sujata 0 Comments #Aditya Virwani, #Bengaluru residential business, #Embassy Group, #IBREL

3rd May, 2024 | Bengaluru: Embassy Group, a leading real estate developer, achieved its best ever performance in FY2023–24 for its Bengaluru residential business, with a record-breaking sales transaction value of Rs. 2,250 crore – an 85.5% jump from the previous year. Embassy sold 21.18 lakh sq. ft., achieving a year-on-year growth of 103% in area sold. This was primarily fuelled by interest from high-net-worth individuals (HNIs) and non-resident Indians (NRIs) in ready-to-move-in luxury projects, premium homes with differentiated amenities, and self-sustaining integrated townships.

Notably, Embassy Group achieved realisation of Rs. 15,925 per square foot for its built projects. Furthermore, plots recorded a realisation of Rs. 7,195 per square foot. The overall net average realisation across the residential portfolio stood at an impressive Rs. 12,915 per square foot, the highest in Bengaluru, cementing Embassy Group’s position as a premium real estate developer delivering unmatched quality to its customers.

Speaking on the success of the residential business and plans for FY25, Aditya Virwani, COO of Embassy Group, said, “We are extremely proud of our exceptional performance in the last year. Our residential sales of Rs. 2,250 crore includes collections amounting to Rs. 1,464 crore. This remarkable achievement is a testament to our strategic focus on strengthening and investing in the residential segment. As we anticipate a sustained upcycle in the country’s housing market in the coming years, we are committed to maintaining this momentum. With demand increasingly consolidating towards Grade A developers, we aim to replicate the same level of success we’ve achieved in the office leasing market within the residential sector.”

“We have secured a meaningful pipeline of Rs. 8000 crore GDV or 7 million sq. ft. of residential launches in FY25, many of which will be developed under our future asset agreement with Indiabulls Real Estate (IBREL). We are also eagerly looking for and exploring new opportunities beyond our existing pipeline,” he added.

In recent years, the luxury housing sector in India has expanded significantly due to evolving lifestyles, rising disposable incomes, and a thriving aspirational class. The demand for homes from Grade A developers has been particularly pronounced in major metropolitan cities, along with the emergence of new micro-markets characterised by upscale developments and premium infrastructure. As India’s economy continues its momentum, the housing sector is poised for sustained growth, presenting lucrative opportunities for developers to cater to the discerning preferences of homebuyers.

Disclaimer/Disclaimer: This press release serves for informational purposes only and does not constitute professional advice. Any reliance on the information provided is at the reader’s discretion.