Over Rs 850 Crore Invested in Luxury Villa Across India’s Key Cities

                The Chapter, a luxury holiday home developer plans to invest over Rs 850 crore to develop luxury villas across key leisure destinations in India. The company, part of the Isprava Group, 
has acquired over 100 acres in Goa, Alibaug, Karjat and Kasauli, with an initial investment of Rs 450 crore as part of this growth plan.

Among key proposed projects, The Chapter is looking to develop 27 branded luxury villas spread over 2.25 acres of land adjacent to the Moira River in North Goa’s Aldona locality. This 
project is estimated to involve an investment of around Rs 100 crore. 

The site is 21 km from the Manohar International Airport and six km away from Assagao. The company has also acquired two adjacent land parcels spread over five acres near Aldona 
recently and work on a separate project on the same will start soon. Both Isprava and The Chapter which is backed by Nadir Godrej, Anand Piramal and Dabur's Burman family are 
investing to meet  the demand for branded luxury villas and plans for steady growth in villa segment, offering exclusive living spaces that combine luxury with personalised services. 

The Group recently raised nearly Rs 200 crore in a funding round led by London Stock Exchange-listed Symphony International Holdings to increase the footprint across India. Its 
portfolio currently includes 600 under construction luxury villas, and has delivered 200 properties.

Source : The Economic Time