Mumbai, June 25 -- The proposed project, to be undertaken under the Invest UP framework, envisages the development of approximately 2.5 million to 3 million square feet of commercial real estate in the state capital. The company clarified that the MoU is non-binding and forms part of Uttar Pradesh's investment promotion initiative.

Jitendra Virwani, Chairman, Embassy Group, said, "Uttar Pradesh is at an important inflection point. With its scale, infrastructure momentum, improving business environment and focused policy push to attract enterprise and GCCs, the state is emerging as one of India's most compelling growth frontiers. Lucknow, in particular, has the potential to develop into a strong commercial hub for the next phase of India'...