Whalesbook
Embassy Developments MD Aditya Virwani expects India's residential real estate market to mature, leading to consolidation favoring large developers. He anticipates price appreciation to taper to medium-high single digits from double digits, driven by strong structural demand despite softening sales. Virwani highlighted caution on Gurugram due to affordability and focus on Mumbai Metropolitan Region, while planning significant expansion in Bengaluru with new projects worth Rs 10,300 crore. The company, formed from a merger, emphasizes an asset-light approach and disciplined capital deployment.