Embassy Developments share jumps 4% after company signs JDA for residential project in Whitefield
By Aman Shukla Published on June 23, 2025, 10:56 IST
Embassy Developments shares rose 4% after the company signed a Joint Development Agreement (JDA) for a prime 17.9-acre land parcel in Whitefield, Bengaluru. This strategic move marks the launch of a premium residential project with a gross development value (GDV) of approximately ₹1,600 crore.
The project will feature around 1.6 million sq. ft. of saleable area, comprising nearly 1,000 thoughtfully designed apartments. Homebuyers can expect a mix of 2, 2.5, and 3 BHK configurations, tailored for IT and ITeS professionals and urban families seeking modern, lifestyle-centric living in Bengaluru.
Located just off Whitefield Main Road, the site offers excellent proximity to top international schools, hospitals, malls, and major tech parks—cementing Whitefield's status as one of Bengaluru's most desirable residential zones.
Future connectivity in the region is set to improve further with upcoming infrastructure projects such as the Peripheral Ring Road (PRR), Satellite Town Ring Road (STRR), and the newly operational Metro Purple Line. These upgrades will enhance access to various parts of the city, adding further value to the development.
Embassy Developments shares opened at ₹116.75 and touched a high of ₹121.90 during the day, while the low stood at ₹115.65. The stock is trading within a 52-week range of ₹89.22 to ₹163.69.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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