KORA Properties Launches First Project in India, Expanding Global Real Estate Ambitions
KORA Properties, the real estate arm of APPCORP Holding, is set to launch its first project, IL VENTO, a premium waterfront residential tower in Dubai Maritime City. The company, led by Nilesh Ved, is also eyeing India's growing real estate market with plans to invest in shopping malls and commercial spaces.
Real EstateKora PropertiesNilesh VedIndia MarketDubaiReal Estate NewsNov 17, 2025
KORA Properties, the real estate development arm of APPCORP Holding, has announced the launch of IL VENTO, a premium waterfront residential tower in Dubai Maritime City. With an investment of AED 500 million, the project is scheduled for completion in 2029.
Ved described IL VENTO as “the first step in extending our legacy of innovation and trust into the real estate world,” adding that the vision for KORA Properties is to “create spaces that inspire living.”
APPCORP Holding, which has a presence in 14 countries across four continents, is best known for its flagship enterprise, Apparel Group. With over 2,500 stores, the group boasts of 85 global brands like Tommy Hilfiger, Calvin Klein, Skechers, ALDO, Charles & Keith, RITUALS, and Tim Hortons.
Ved believes this retail experience translates seamlessly into real estate. “We understand how spaces influence people and businesses. That knowledge puts us in a strong position as we build our development arm,” he said.
Following IL VENTO, KORA Properties is preparing to launch its second project by the end of December — commercial and semi-commercial towers in Dubai. “Our retail DNA makes us naturally inclined towards commercial spaces,” Ved noted. “We know what retailers and businesses need to thrive, and that insight will define our approach to commercial real estate.”
The group also plans to invest in shopping malls in emerging markets, including India. Ved said that India stands out as one of the strongest potential markets for future expansion. “India is moving at a remarkable pace,” he said. “From consumption to infrastructure to urbanization — everything is accelerating. It’s a market where our expertise fits naturally.”
However, Ved emphasized that any move into India’s commercial real estate ecosystem will be done in collaboration. “We would prefer to partner with a player that brings strong local expertise. Real estate is about long-term relationships and deep market understanding; partnerships allow us to build responsibly and at scale,” he concluded.
Frequently Asked Questions
What is KORA Properties?
KORA Properties is the real estate development arm of APPCORP Holding, a global company with a presence in 14 countries across four continents. It is known for its flagship enterprise, Apparel Group.
What is the first project launched by KORA Properties?
The first project launched by KORA Properties is IL VENTO, a premium waterfront residential tower in Dubai Maritime City, with an investment of AED 500 million.
Why is KORA Properties interested in the Indian real estate market?
KORA Properties is interested in the Indian real estate market due to its rapid growth in consumption, infrastructure, and urbanization, which aligns well with the company's expertise.
What is the planned investment by KORA Properties in India?
KORA Properties plans to invest in shopping malls in emerging markets, including India, but the specific investment amount has not been disclosed yet.
How does KORA Properties plan to enter the Indian market?
KORA Properties plans to enter the Indian market through partnerships with local players who bring strong local expertise and market understanding.
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