Atmosphere Living to Invest ₹500 Crore in India's Luxury Real Estate Market
Goa, Lonavala, Himachal Pradesh, Jaipur, and Mysore to witness luxury real estate boom
Luxury Real EstateAtmosphere LivingIndiaHospitalityInvestment OpportunityReal Estate NewsAug 10, 2024
Each of these projects will offer a seamless combination of real estate with hospitality, offering an unparalleled living experience. In tandem with these developments, Atmosphere Core, the hospitality arm of the group, will also be opening new hotels in Kolkata, Coorg, and Bhopal over the course of the next three months.
Luxury villas will be constructed and sold alongside these hotels by Atmosphere Living, further enhancing the synergy between real estate and hospitality. This will be a unique blend of real estate and hospitality to South Asia. With our upcoming projects, we aim to set new benchmarks in ultra-luxury living, beginning with our flagship Ozen-branded residences in Mussoorie.
The flagship project in Mussoorie is spread over 11.5 acres of land jointly owned by Atmosphere Living and the landowner. It will feature a 100-key hotel, 70 villas available for sale and leaseback, 90 luxury apartments for sale, and 12 ultra-luxury residences that will be sold without the leaseback option. The design of the Mussoorie property will reflect the rich heritage of the region, with palace-like structures that capture the essence of the locale. The Mussoorie project will be branded under THE OZEN COLLECTION, making it the first Ozen-branded residence in India.
Atmosphere Living provides a unique investment opportunity for elite homeowners, allowing them to lease their residences back to the company. These properties can then be rented out, offering a lucrative income stream for homeowners. This innovative model not only enhances the value of the homes but also provides an effortless ownership experience backed by world-class hospitality services.
About Atmosphere Living
Atmosphere Living is a subsidiary of Atmosphere Living Dubai, a leading luxury real estate developer in the Middle East. With a focus on creating unique and unparalleled living experiences, Atmosphere Living is set to revolutionize the luxury real estate market in India.
Information
The Indian luxury real estate market has witnessed significant growth in recent years, driven by increasing demand for high-end properties. With the government's efforts to boost the real estate sector, luxury developers like Atmosphere Living are investing heavily in creating unique and luxurious living experiences for discerning homeowners.
Frequently Asked Questions
What is the investment plan of Atmosphere Living in India?
Atmosphere Living plans to invest around ₹500 crore in luxury real estate markets across India.
What are the locations for Atmosphere Living's upcoming projects?
The projects will be located in Goa, Lonavala, Himachal Pradesh, Jaipur, and Mysore.
What is the unique feature of Atmosphere Living's investment model?
Atmosphere Living provides a unique investment opportunity for elite homeowners, allowing them to lease their residences back to the company and earn a lucrative income stream.
What is the design inspiration for the Mussoorie project?
The design of the Mussoorie property will reflect the rich heritage of the region, with palace-like structures that capture the essence of the locale.
What is the brand name for the Mussoorie project?
The Mussoorie project will be branded under THE OZEN COLLECTION, making it the first Ozen-branded residence in India.
Related News Articles
India's Office Leasing Market Sees Significant Growth in H1 2024
Office leasing in India touches 32.8 mn sq ft in H1 2024, driven by Global Capability Centres and tech firms.
Navigating the Industrial REIT Landscape: A SWOT Analysis of EastGroup Properties
EastGroup Properties, a real estate investment trust (REIT) specializing in industrial properties, is at a crossroads in the ever-evolving industrial REIT landscape.
Ultra-Luxury Home Sales Soar in 2024: Mumbai Leads with 52 Deals
Despite a slowdown in overall housing sales, the demand for ultra-luxury homes priced above Rs 40 crore has hit new peaks in 2024. Mumbai alone accounted for 52 out of 59 deals across India's top cities.
YEIDA Plans Launch of Housing Plots Scheme in Next Financial Year
Real estate consultant Colliers India highlights in their report 'Infrastructure & Mega Projects—The Key Enablers of Urban Expansion in India' that land prices are expected to rise due to ongoing infrastructure developments. YEIDA, a prominent organizatio
Maharashtra Cyber Cell Cracks Down on Ticket Black Marketing: Directs BookMyShow, Zomato to Print Buyers' Names
In a significant move to curb the menace of black marketing, the Maharashtra Cyber Cell has directed popular ticketing platforms BookMyShow and Zomato to print the names of ticket buyers on all tickets. This initiative aims to ensure transparency and prev
Real Estate Boom: Housing Prices Surge Across Major Indian Cities
A recent report by CREDAI, Colliers, and Liases Foras reveals a significant 10% year-on-year increase in housing prices across India’s top eight cities, including Delhi NCR, Bengaluru, and Pune. Luxury and ultra-luxury segments are driving the surge.