I am fairly new into Embedded Technology and have self-learned Linux Drivers and ATMEGA micro-controller programming and development.
I am self-learning MATLAB. What are the real time projects we can build using MATLAB basically related to Embedded Systems world?
MATLAB is development environment with a high-level language. For Embedded Systems, there are various coder products which allow you to automatically generate C/C++ code from your MATLAB/Simulink design and port it to an embedded system. Note that these tend to focus on the algorithmic portion of the application, the drivers and the rest tends to be hand-written in general:
In addition, there are various targets supported "out of the box" for code generation, see Hardware Support.
Code generation is an "advanced" manoeuvre, probably best to learn the basics of MATLAB/Simulink first before attempting to generate code.