Eldeco Group, a prominent real estate developer, has acquired a 30-acre land lot in Himachal Pradesh, marking a significant entry into the quickly expanding second home market. The company wants to build 80 opulent homes in a gated community, starting at Rs 5.5 crore each, with an investment of Rs 300 crore.
Eldeco is entering the second home market with this future project in order to meet the growing demand for opulent vacation houses. With its unmatched experience developing upscale residential townships, Eldeco hopes to establish a standard for opulent vacation spots in Himachal Pradesh.
Ideal Position in Peaceful Environment
Eldeco purchased a 30-acre plot of land in the Himachal Pradesh town of Mandi, which is a charming hill town. The location, which is tucked away between mountain ranges and valleys, provides beautiful views of snow-capped peaks in a tranquil setting. The project is ideally situated along the highway and only a thirty-minute drive from Mandi town.
Top-Notch Facilities for an Opulent Lifestyle
Eldeco intends to make significant investments to build first-rate amenities and facilities that rival those found in upscale resorts. A variety of recreational amenities, including as an infinity pool, spa, fitness center, restaurant, library, business center, children’s play area, and landscaped gardens, are included in the project blueprint. Large decks and balconies with breathtaking views of the mountains will be features of every home.
Homeowners’ convenience and safety will be improved by concierge services, smart home automation, and round-the-clock security. The project’s goal is to offer a top-notch luxurious lifestyle in a tranquil hill town.
Sustainable and Eco-Friendly Design
The planning and design of the project will prioritize sustainability. There will be solar power systems installed together with environmentally friendly building materials and procedures. The building’s architecture and layout will be planned to protect the current trees and blend in well with the surrounding landscape. The best use of water and energy will be ensured by effective systems and procedures.
Focusing on HNIs with demand for vacation homes
The villas, whose capital values range from Rs 5.5 crore to Rs 8 crore, are obviously aimed at ultra-HNIs searching for an upscale second residence. The entry into this market has been spurred by the growing demand for opulent vacation rentals. Eldeco anticipates that affluent families from Delhi, Chandigarh, Punjab, and Haryana will be drawn to the project.
Following the pandemic, demand for vacation homes increased significantly as high net worth individuals (HNIs) looked for secure and comfortable places to travel. Buyers searching for second homes are showing a spike of interest in hill regions such as Himachal.
Plans for Adding More Hill Towns
Inspired by the response from the market, Eldeco wants to quickly grow the portfolio of its second homes in desirable hilly locations. The company is constantly searching for chances to develop comparable luxury villa projects in Goa and Uttarakhand.
Eldeco, with its exceptional building quality and talent for creating high-end lifestyle communities, is well-positioned to curate an array of the best luxury vacation home locations in India. The entry into the second house market will strengthen Eldeco Group’s standing as one of the top producers of luxury real estate in India.
