AweSpace.Estate, an established Mumbai-based real-estate firm, has announced its expansion into the real estate market by developing bespoke villas and retreats to meet the ever-increasing demand for luxury vacation homes in India’s exotic tourist destinations. The company aims to generate a revenue of INR 2500 crore in the next two years and offer a wide range of amenities, services, and attributes.
The company has done extensive research to understand its target audience and plans to raise Rs 500 crore to extend these lavish properties with clear views and unparalleled experiences.
In its first phase, AweSpace Estate will develop fully-furnished elegant villa estates and mansions boasting stunning features and amenities spread across 150 acres of land in the most sought-after destinations such as Goa, Alibaug, Lonavala, Nainital, Shimla, and Coorg. Moreover, they have plans to expand these elite properties in the second phase to Maldives, Europe, Australia, the United States, and other foreign locations.
The projects will be managed exclusively by the company under its global product, Estate Leverage Asset (ELA), generating direct and indirect jobs in the country. According to Vijay Naraayanan, co-founder and CEO of AweSpace Ventures, “This move into the real estate market is part of a diversification strategy with a focus to meet the lucrative and growing demand for luxury vacation properties”
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Additionally, the company is focusing on intertwining luxury and sustainability together with the advent use of eco-friendly materials and energy-efficient technologies to create impeccable structures with awe-inspiring designs.
After the pandemic, there is a surging desire for luxury villas and holiday homes in idyllic destinations across the country. This has prompted affluent Indians, as well as NRIs, looking to invest in exclusive properties for either personal use or to generate rental income.
“The luxury real estate sector has experienced a significant transformation due to the pandemic, and the remarkable growth in rentals and property value has altered the outlook of both buyers and investors since these locations offer pristine beaches, lush forests, and breath-taking views, making them ideal for those seeking a luxurious, nature-filled escape.” stated by Manali Khapre Director and CSO AweSpace Estate.
