In a strategic move to cater to the surging demand for high-end residential properties in the serene hills of Sirmaur Himachal Pradesh, Delhi-based Eldeco Group is set to invest approximately Rs 300 crore. The realty firm has acquired a 30-acre land parcel in Sirmaur district, marking the inception of an ultra-luxury housing project comprising 80 villas.
Terra Grande: A Vision of Opulence
Establishing a separate subsidiary, ‘Terra Garden,’ Eldeco Group is committed to developing ultra-luxury holiday homes across prominent tourist locations. Amar Kapoor, CEO of Terra Grande by Eldeco Group, stated, “We acquired a 30-acre land parcel on the hill a few years ago. We will be developing 80 villas in this project.”
Ultra-Luxury Villas on the Horizon
The project is designed to meet the rising consumer demand for high-end residential properties in the hills. Eldeco Group has initiated the sale of 35 villas in the first phase, with a starting price of Rs 5.75 crore. Amar Kapoor confirmed that the company plans to invest approximately Rs 300 crore in developing this upscale housing project.
Eldeco Terra Grande Villas: https://www.opulnzabode.com/eldeco-narendra-nagar-rishikesh-terra-grande/
Future Plans and Expansion
As part of its expansion strategy, Eldeco Group’s arm, Terra Grande, aims to complete the project in seven years, as declared in the registration with RERA. The company actively seeks land parcels for similar vacation home projects in various states, including Himachal Pradesh, Uttarakhand, and Goa. Additionally, Eldeco Group is open to forming joint ventures with landowners to expand its presence further in this vertical area.
Growing Demand for Independent Luxury Villas
Amar Kapoor emphasized, “The demand for independent luxury villas has grown significantly in the last few years.” This move aligns with the evolving preferences of homebuyers seeking exclusive and opulent living spaces amidst the picturesque landscapes of Himachal Pradesh.
Eldeco Group’s Rich Legacy in Real Estate
With a legacy dating back to 1985, Eldeco Group has been a stalwart in real estate development. The group boasts a portfolio of over 200 projects, ranging from large-format integrated townships and high-rise condominiums to industrial estates, malls, and office buildings. Around 30 projects are currently in various stages of active execution, reflecting the group’s commitment to delivering quality and excellence.
Geographical Footprint and Industrial Park
Eldeco Group’s projects span a wide geographical footprint, including Lucknow, Kanpur, Agra, Greater Noida, Noida, Gurugram, and several other cities. The group also holds a 1,200-acre ‘Eldeco Sidcul Industrial Park at Sitarganj, Uttarakhand,’ showcasing its prowess in both residential and industrial developments and Eldeco Terra Grande Narendra Nagar Rishikesh Luxury Villas in 15 acres.
Tera Grande Sirmaur: https://www.opulnzabode.com/eldeco-terra-grande-luxury-villas-sirmaur/
Dual Entities of Eldeco Group
Eldeco Group operates through two primary entities:
- Eldeco Housing and Industries Ltd (EHIL): Listed on the Bombay Stock Exchange, EHIL primarily focuses on project development in Uttar Pradesh.
- Eldeco Infrastructure and Properties Ltd (EIPL): Established in 2000, EIPL undertakes projects in Delhi-NCR, further diversifying the group’s presence and expertise.
As Eldeco Group unfolds its vision of ultra-luxury villas in Himachal Pradesh, the project is a testament to its enduring commitment to excellence and innovation in the real estate sector.
Terra Grande Villas Sirmaur:
