New Delhi Based Eldeco Group Enters Luxury Vacation Homes With a New Project in Himachal Pradesh

Signing its foray into the realm of luxury vacation homes, real estate company Eldeco Group has acquired a 30-acre parcel of land in Himachal Pradesh. Additionally, the organisation is contemplating additional undertakings in Uttarakhand and Goa in an effort to satisfy the substantial surge in demand for vacation residences.

Here are the major highlights:

Future Expansion Plans: The group is also considering projects in Uttarakhand and Goa to meet the growing demand for vacation homes.

Investment and Construction Plans: An investment of ₹300 crore is planned, with the development of 80 villas in Himachal, each costing ₹5.5 crore.

Focus on Gated Communities: The aim is to build gated communities, with ongoing searches for suitable land parcels.

Eldeco's Past Achievements: To date, Eldeco Group has completed 175 projects, covering around 30 million square feet.

Recent Land Acquisitions and Partnerships: They have acquired land in Greater Noida, Sonepat, Ludhiana, and Gurgaon, aligning with their partnership with HDFC Capital Affordable Real Estate Fund-3 for a ₹475-crore residential project development platform.

Eldeco's Operational Footprint: The group operates in Lucknow through Eldeco Housing & Industries and in other cities via Eldeco Infrastructure & Properties.