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Case Study | SAS Infra - Embassy Deal

1536 Piyush Indranil Case Study

Collaboration to create defining partnerships and enhance value| Experts choose experts.



Location (City)

Asset Type

Transaction Date



Grade A Commercial Office Space             

April 2022

5.2 million sft

Client:  SAS Infra and Embassy Group

Industry: Real Estate / Grade A commercial office space 

Services provided: Capital Markets and Project Management


Real estate developer Embassy Group has entered into an agreement with SAS Infra to develop 14 million sq ft of office assets in Hyderabad’s financial district.

The first of the projects, the 36-floor Embassy SAS I Tower, comprising 5.2 million sq. ft. is currently under construction, while the second project, the 3 million sq. ft. Embassy Diamond Tower, has begun its excavation. The third project, Crown, will have a potential of 3 million sq. ft. of commercial space, with Embassy and SAS Infra partnering to develop it.


  • Re-entry for Embassy Group in Hyderabad and access to large Office Development Projects in prime locations
  • SAS Group to leverage on Embassy Group's strong development capabilities and ability to attract global clients 


Colliers team led by Indranil Basu from Project Management and Piyush Gupta of Capital Markets and Investment Services worked together to create large partnership ensuring win-win for Embassy and SaS group. Colliers Team will continue to work together in the Projects to create world class projects

Out team  role was to bring together complimentary strengths of both the partners and defining a path for enhancing the value of all the assets

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Related Experts

Piyush Gupta

Managing Director

Capital Markets & Investment Services

Mumbai (Corporate Office)

Piyush is responsible for developing Capital Markets Business in India.

Piyush is leading the Client acquisition, developing institutional relationships with Indian and Global Funds, Sovereign Funds, Banks, NBFCs, AIFs for Capital Markets Business   

With close to 19 years of experience, Piyush is an industry veteran with proven expertise in real estate investments, asset management and exit strategy, deployment and business development. With experience of investing of US$ 2 billion, Piyush is leading Colliers’ Capital Markets business in India and strengthen the market position of the organization with a clear focus on servicing our clients across the spectrum.

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Indranil Basu

Managing Director

Project Management


A seasoned Project Management professional, Indranil Basu has over 23 years of diverse real estate experience in delivering complex and acclaimed projects in India and abroad.  He provides leadership and strategic guidance on various aspects of development management across all asset classes. Indranil Basu is a highly meticulous, disciplined and passionate professional with strong emphasis on developing innovative business strategies.

As the Head of Southern India Project Management and design business, Indranil Basu leads a team of competent and seasoned professionals. He has a proven delivery track record and first-hand knowledge of the entire real estate business. His expertise lies in bringing maximum value for his Clients through innovation in product positioning and technology, and integrating international standards, thereby augmenting operational efficiency and user satisfaction.

Amongst other business management skills, one of his biggest strengths has been in curating extremely large scale and high value developments, and collaborating with Clients to enhance significantly the value of their property.

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