Embassy Developments Rallies 8% After Rs 711 Crore Residential Tower Deal with Angel One Founder

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.

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.

Embassy Developments signs ₹711-cr deal for Juhu residential tower with Angel One founder

Embassy Developments has signed a MoU for sale of entire residential tower in Juhu to Dinesh Thakkar, founder and CMD of Angel One Limited for ₹711 cr

Embassy Developments shares gain 3% on signing ₹711cr deal for residential tower at Juhu

Embassy Developments Share Price | For the June quarter, the company reported a 338 percent year-on-year jump in pre-sales to Rs 868 crore, while collections rose 54 percent to Rs 496 crore.

Angel One’s founder Dinesh Thakkar strikes Rs 711 cr Juhu luxury tower deal

Dinesh Thakkar acquired a luxury residential tower in Mumbai for over Rs 711 crore. This significant transaction marks a record for residential properties in Juhu. The entire G+7 storey tower, Embassy Terazza, spans 63,000 sq. ft. Demand for ultra-luxury homes remains strong among high-net-worth individuals. Limited inventory in prime areas supports these high-value residential markets.