Equinox India Developments Plans Rs 12,000 Crore GDV Launch Across Metro Cities

Equinox India Developments, formerly Indiabulls Real Estate (IBREL), is set to launch multiple high-value projects across India’s metro cities, with a total gross development value (GDV) surpassing Rs 12,000 crore. The company is focused on expanding its presence in the residential real estate sector with premium developments in key locations.

Equinox has recently unveiled its first project under the Embassy brand, ‘Embassy One’, located in Thane, Mumbai. This luxury residential development features 186 premium apartments, each priced at Rs 1 crore. The company has secured a trademark license agreement to use the Embassy brand for future projects, further solidifying its commitment to delivering high-end living spaces.

In line with its growth strategy, Equinox plans to expand across the Mumbai Metropolitan Region (MMR), Bengaluru, and Chennai. Residential projects are slated for launch in the first half of 2025, including high-end housing in prime locations like Worli, Juhu, and Alibaug in MMR. These locations are known for their affluent communities, and the projects are expected to cater to both luxury and second-home markets.

The Worli and Alibaug developments will use land previously owned by Indiabulls, while the Juhu project will be developed through a collaboration with Embassy Group via a management agreement. Alibaug, recognized for its upscale vacation homes, will likely attract high-net-worth individuals seeking luxury holiday properties, while Worli and Juhu will offer premium residences tailored to urban professionals. These projects are a part of Equinox’s effort to strengthen its position in the premium housing market in MMR.

Equinox’s expansion follows a successful recapitalisation earlier this year, where Embassy Group, Blackstone Real Estate Fund, and Baillie Gifford infused Rs 3,911 crore through a preferential share allotment, making them the largest shareholders. This strategic partnership positions Equinox for accelerated growth and the ability to meet the increasing demand for high-end residential spaces across India’s metro cities.