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.
Harmony Infra Venturesの創設者兼会長であるSailander Solanki氏は、この地域の消費者のマインドセットが進化していると指摘しました。同氏は、現代の買い手はもはや間取りや立地だけを見ているのではなく、プロジェクトの背後にある信頼性やデベロッパーの実績をますます重視するようになっていると強調しました。
2024年の設立以来、Harmony Infra Venturesは北インド全域で急速に事業を拡大しています。今回の新プロジェクトは高級住宅に焦点を当てていますが、同社の多角的なポートフォリオには、商業、ヘルスケア、F&B、および複合開発が含まれており、パンジャーブ州モハリでもプロジェクトが進行中です。
主なポイント
- 巨額の資本投入: Harmony Infra Venturesは、インディープラムに264戸の高級住宅を開発するために800クロール・ルピーを投入し、総売上高1,600クロール・ルピーを目指しています。
- 強力な市場の牽引力: このプロジェクトはすでに初期段階で大きな関心を集めており、6〜7.5クロール・ルピーの価格帯で約100戸がすでに販売されています。
- 進化する買い手の行動: 今回の投資は、買い手が基本的な設備よりもデベロッパーの評判や長期的な価値を優先する、成熟しつつあるデリーNCR市場の動向に合致しています。