Transaction Details

  • Embassy Developments Limited has signed an MoU for the sale of an entire residential tower at its ultra-luxury development, Embassy Terazza, located in Juhu, Mumbai.
  • The buyer is Mr. Dinesh Thakkar, Founder, Chairman and Managing Director of Angel One Limited.
  • The transaction value is approximately ₹711 crore.
  • This deal represents India's largest single residential unit transaction.

Property Specifications

  • The residence comprises an entire G+7 storey tower.
  • The RERA carpet area is 63,000 sq. ft.
  • The property is located at Juhu Tara Road, Mumbai.

Project Details: Embassy Terazza

  • Embassy Terazza is an ultra-luxury low-density development spanning over 2+ acres.
  • The project contains approximately 50 residences.
  • The estimated Gross Development Value (GDV) exceeds ₹3,000 crore.
  • Design features include one residence per floor across five towers, panoramic sea and city views, lush internal gardens, and curated wellness and lifestyle amenities.
  • The project is being developed by Embassy Developments Limited under a development management (DM) model.

Management Commentary

Jitendra Virwani, Chairman, Embassy Developments Limited commented: "Over the last three decades, Embassy has built a deep understanding of what today's homebuyers value most. We have brought that same philosophy to Mumbai, and in a relatively short period, it has resonated with some of the country's most discerning buyers. Mr. Dinesh Thakkar's acquisition of an entire tower at Embassy Terazza is a strong endorsement of that vision and the trust the Embassy brand has earned in Mumbai within 18 months of launching in the city."

Dinesh Thakkar, Founder, Chairman and Managing Director, Angel One Limited added: "Juhu has always had a special character that very few locations in Mumbai can match. When I started looking for a new home, my focus was on privacy, spaciousness, exceptional sea views and creating a luxurious, iconic sanctuary that would become our family home. 'Angelus' is what we have named our new dream home, which is being crafted into reality by the Embassy Group. Embassy Terazza brings together all these aspirations in one project. To turn this dream into reality, I placed my confidence in Embassy's ability to create an architectural marvel true to my vision, backed by the reputation they have built over the years. For a home of this scale, trust in the developer matters as much as the residence itself."

Company Context

This transaction follows Embassy Developments' other Mumbai Metropolitan Region projects including Embassy Citadel in Worli, Embassy Serenity in Alibaug, Embassy Park in Panvel, and Embassy One in Thane.