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 Kurucusu ve Başkanı Sailander Solanki, bölgedeki tüketici anlayışının değiştiğini belirtti. Modern alıcıların artık sadece kat planlarına veya konumlara bakmadığını; giderek artan bir şekilde projenin arkasındaki güvenilirliğe ve geliştiricinin geçmiş başarılarına odaklandığını vurguladı.

2024 yılındaki kuruluşundan bu yana Harmony Infra Ventures, Kuzey Hindistan genelinde varlığını hızla genişletti. Bu yeni proje lüks konut yaşamına odaklanırken, firmanın çeşitlendirilmiş portföyü ticari, sağlık, yiyecek ve içecek (F&B) ve karma kullanımlı projeleri de içermektedir; ayrıca Mohali, Pencap'ta da devam eden projeler geliştirilmektedir.

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