Embassy Developments Appoints Leighton Asia for Construction of Ultra-Luxury Citadel Project in Mumbai
Embassy Developments Limited has secured a major contract valued at over ₹850 crore awarding the civil and structural works package for its landmark ultra-luxury residential project, Embassy Citadel. The construction partnership was awarded to Leighton Asia, a division of the CIMIC Group.Embassy Citadel is strategically located on Dr. Elijah Moses Road in Worli, Mumbai. This extensive development spans approximately 1.6 million sq. ft. and holds an estimated gross development value of around ₹8,800 crore. The project scope includes creating a vertically integrated luxury ecosystem focused on wellness, hospitality-inspired living, and multi-generational community spaces.
The tower is designed to rise approximately 300 metres and will feature 316 residences across three configurations (three, four, and five bedroom types), alongside two exclusive triplex mansion homes. The development also encompasses roughly 1 lakh sq. ft. of amenities distributed across seven dedicated lifestyle floors, culminating in a dedicated 79th-floor Sky Lounge.
Global Expertise Meets Luxury Vision
Leighton Asia's involvement signals a significant step for Embassy Developments Limited into Mumbai's high-end residential market.
Juan Santamaría, Chief Executive Officer and Executive Chairman of the CIMIC Group and ACS Group, stated that this contract highlights the Group’s capacity to execute high-rise residential developments in India. He added that Leighton Asia has successfully delivered large scale residential projects and is positioned as a trusted partner due to their commitment to safety, quality, and reliable delivery within complex urban environments.
Parag Saraiya, Chief Operating Officer -North & West at Embassy Developments Ltd., commented on the significance of Citadel, emphasizing that it was conceived as a new benchmark for luxury living in Mumbai. He praised Leighton Asia's capabilities and global expertise in high-rise construction, noting their proven reputation for operational excellence make them a natural partner for a project of this scale and technical sophistication.
Design and Development Overview
The design of Embassy Citadel is the result of collaboration with several internationally acclaimed consultant teams. These include ADA Architecture (Mumbai), STX Landscape Architects (Singapore), Studio HBA (Singapore and Hong Kong), and Thornton Tomasetti (New York).
Embassy Developments Limited (EDL) specializes in the development of residential and commercial projects across key urban centers, including Bengaluru, the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Chennai, and Indore. EDL maintains a diversified portfolio that spans mid-income, premium, and luxury segments. The company benefits from the institutional foundation of its promotor, the Embassy Group, which has over three decades of experience delivering and managing more than 100 million sq. ft. across various sectors in India.
EMBDL Stock Price Movement
On Friday, Embassy Developments Limited shares rallied by 4.93% to close at ₹59.06, rising strongly from the previous close of ₹56.38. The stock experienced significant activity as 1.8 million shares were transacted during the trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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