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 创始人兼董事长 Sailander Solanki 指出，该地区的消费者心态已发生演变。他强调，现代买家不再仅仅关注户型图或地理位置，而是越来越关注项目背后的开发商信誉及其过往业绩。

自 2024 年成立以来，Harmony Infra Ventures 已在北印度迅速扩张其业务版图。虽然该新项目专注于豪华住宅生活，但公司的多元化业务组合还涵盖了商业、医疗保健、餐饮 (F&B) 及综合用途开发项目，目前在旁遮普邦的莫哈里 (Mohali) 也有在建项目。

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