Harmony Infra Ventures to Invest ₹800 Cr in Luxury Housing in Delhi-NCR

Harmony Infra Ventures is making a significant move into the premium real estate segment with a massive ₹800 crore investment in a luxury housing development. Located in the strategic Indirapuram area of Ghaziabad, this ambitious project signals rising investor confidence in the Delhi-NCR residential market.

The Horizon Residences: A New Benchmark in Indirapuram

Harmony Infra Ventures has officially announced the development of 'The Horizon Residences,' a premium residential project featuring 264 high-end units. To facilitate this venture, the company has acquired a 100 per cent stake in a firm that holds the land ownership for the site.

The project is positioned to capture the growing demand for luxury living in the NCR region. According to HS Kandhari, Co-Founder and Executive Director of Harmony Infra Ventures, the apartments are being offered at a rate of ₹15,000 per sq ft. This pricing strategy is intentionally designed to be more competitive than the prevailing market rates in the Indirapuram vicinity.

High Demand and Revenue Projections

The market response to the luxury offering has been notably positive. Despite the project's long-term development timeline, with completion slated for 2030, approximately 100 flats have already been sold. The individual apartment units are priced within a premium bracket of ₹6 crore to ₹7.5 crore.

From a financial perspective, the company is eyeing substantial returns on this capital deployment. Harmony Infra Ventures expects to generate total revenue of approximately ₹1,600 crore from The Horizon Residences, effectively doubling its initial investment of ₹800 crore.

A Maturing Real Estate Landscape in Delhi-NCR

The decision to invest heavily in Ghaziabad comes at a time when the Delhi-NCR real estate market is showing robust growth. Data from housing brokerage firm PropTiger highlights this upward trend, noting that residential property sales in the region grew by 11 per cent annually, reaching 9,447 units during the January-March quarter.

Sailander Solanki, fundador y presidente de Harmony Infra Ventures, señaló que la mentalidad del consumidor en la región ha evolucionado. Destacó que los compradores modernos ya no solo se fijan en los planos o las ubicaciones; cada vez se centran más en la credibilidad y la trayectoria del desarrollador detrás de un proyecto.

Desde su constitución en 2024, Harmony Infra Ventures ha expandido rápidamente su presencia en el norte de la India. Si bien este nuevo proyecto se centra en la vivienda residencial de lujo, la cartera diversificada de la firma incluye desarrollos comerciales, de atención médica, de alimentos y bebidas (F&B) y de uso mixto, con proyectos en curso que también se están desarrollando en Mohali, Punjab.

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