Embassy Developments rallies 8% after Rs 711 crore residential tower deal with Angel One founder
- Embassy Developments signed an MoU to sell Dinesh Thakkar an entire G+7 residential tower at its Embassy Terazza project in Mumbai’s Juhu.
- The 63,000-square-foot tower is valued at approximately Rs 711 crore.
- Embassy Developments’ shares were trading at Rs 61.08, up 3.56%, at 9:22 a.m. on September 22, 2026.
- The company reported June-quarter pre-sales of Rs 868 crore and collections of Rs 496 crore.
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India Today
Marksmen Daily - Your daily dose of insights and inspirationAngel One founder Dinesh Thakkar buys entire Juhu tower for Rs 711 crore
Embassy Developments has signed an MoU to sell an entire Juhu tower to Dinesh Thakkar. The deal, which highlights Mumbai's fast-rising luxury housing market, also triggered an early jump in the company's shares on Tuesday.
Embassy Developments rallies 8% after Rs 711 crore residential tower deal with Angel One founder
Embassy Developments shares rallied up to 8% to Rs 63.80 after signing an MoU to sell an entire residential tower at Embassy Terazza in Juhu to Angel One CMD Dinesh Thakkar for Rs 711 crore. Spanning 63,000 sq ft, it is Indias largest single residential property transaction.
Dinesh Thakkar, founder of Angel One, has decided to purchase not just a flat or two, but an entire residential tower in Juhu. The deal will give him the entire tower, from the ground floor to the seventh floor.
Mumbai Luxury Real Estate Record: Angel One Founder Dinesh Thakkar Buys Juhu Tower for INR 711 Crore | 📰 LatestLY
Angel One CMD Dinesh Thakkar has agreed to acquire a G+7, 63,000 sq ft luxury tower at Embassy Terazza, Juhu, in Mumbai for over INR 711 - marking India's largest single residential unit deal. Driven by privacy and sea views, the deal highlights MMR's ultra-luxury consolidation. Scroll below to know more. 📰 Mumbai Luxury Real Estate Record: Angel One Founder Dinesh Thakkar Buys Juhu Tower for INR 711 Crore.
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