The Chapter, an Isprava Company, to Invest INR 850 Crore in Developing Luxury Villas Across Key Leisure Destinations in India

Summary:

The Chapter is planning to invest over ₹850 crore in developing luxury villas.

The company, part of the Isprava Group, has acquired over 100 acres of land in Goa, Alibaug, Karjat, and Kasauli with an initial investment of ₹450 crore.

A key project involves 27 branded luxury villas in North Goa, with an estimated investment of ₹100 crore.

The Chapter recently raised nearly ₹200 crore through Symphony International Holdings.

The company’s portfolio has doubled over the last year and includes 600 under-construction villas, with 200 already delivered.

A strategic land acquisition in Goa has brought their total investment in the region to over ₹100 crore.

Details:

Strategic Expansion in Luxury Real Estate

It has been reported that The Chapter, a luxury holiday home developer associated with notable industry figures such as Nadir Godrej, Anand Piramal, and the Burman family of Dabur India, is planning a substantial investment exceeding ₹850 crore. This investment is aimed at developing luxury villas in several of India’s prime leisure destinations. The company, which operates under the Isprava Group, is said to be executing this strategic expansion to cater to the growing demand for exclusive living spaces.

Acquisition of Prime Locations

Sources suggest that The Chapter has acquired over 100 acres of land in key locations, including Goa, Alibaug, Karjat, and Kasauli, with an initial investment of ₹450 crore. This move is seen as a response to the increasing interest from high-net-worth individuals, including industrialists, CXOs, and investment bankers, who are reportedly seeking larger, more private residences.

Luxury Villas in Goa

The development of 27 branded luxury villas on a 2.25-acre site adjacent to the Moira River in North Goa’s Aldona locality is reportedly among the key projects under this initiative. The investment for this particular project is estimated to be around ₹100 crore. This is believed to be The Chapter’s third significant project in Goa, following the sale of over 50 properties in recent months.

Focus on Untapped Luxury Markets

It has been indicated that The Chapter is targeting the untapped potential in the luxury property market, particularly in non-urban areas. The company appears to be focusing on meeting the demand for high-end, technologically advanced homes that offer a unique lifestyle. This approach is aimed at providing a new level of creative control for homeowners, a feature that is often lacking in the current market.

Strategic Funding and Portfolio Expansion

Reports have highlighted that The Chapter recently raised approximately ₹200 crore in a funding round led by London Stock Exchange-listed Symphony International Holdings. This funding is expected to support the company’s plans to expand its portfolio, which has reportedly doubled over the past year. The portfolio now includes 600 luxury villas under construction, with 200 properties already delivered.

Significant Land Investment in Goa

It has been noted that The Chapter’s land acquisition strategy included a parcel located 21 km from the Manohar International Airport in Mopa, Goa. This acquisition has reportedly increased their total land investment in Goa to over ₹100 crore, underscoring their commitment to expanding their presence in this key leisure market.