en.Wedoany.com Reported - An investment platform backed by India Sotheby's International Realty and ASK Property Fund announced on May 12 that its first investment project has landed in Goa, committing INR 63 crore to the "Ananda Nilaya" ultra-luxury residential project developed by Priority Group in Arpora, North Goa. The ultra-luxury residential project spans 5.12 acres and plans to build 28 villas, with an estimated revenue generation of approximately INR 360 crore.
The platform stated in a release: "This marks a significant milestone for Goa's second-home market, representing one of the first major institutional capital commitments in the state's ultra-luxury residential segment." The project is situated on a hillside overlooking the sea, approximately 2 km from Baga Beach, with convenient access to both Mopa International Airport and Dabolim Airport, and features an exclusive 18,000 sq. ft. clubhouse.
Priority Group entered the Goa real estate market in 2007 and has since delivered approximately 300,000 sq. ft. of built-up area across 16 projects, with another 500,000 sq. ft. of residential projects currently under development. The ultra-luxury residential project is designed by architectural firm Stapati, which has previously handled hospitality and luxury projects such as Alila Diwa in Goa and Enchanted Island Resort in Seychelles, with landscape design undertaken by Terra Firma. The developer stated that all project approvals, including RERA approval, have been obtained.
Amit Bhagat, Co-founder, CEO & Managing Director of ASK Property Fund, said: "Goa has evolved into one of India's most desirable luxury second-home markets, attracting discerning buyers from across the country. With Ananda Nilaya, we are partnering with a reputed local developer who has a deep understanding of the market and a strong delivery track record, to create a differentiated ultra-luxury residential community in one of Goa's most sought-after locations." Amit Goyal, Managing Director of India Sotheby's International Realty, stated: "We look forward to the launch of this exceptional project in one of Goa's most desirable destinations, offering unparalleled views and a highly curated living experience." Parind Nachinolcar, Managing Director of Priority Group, said that by bringing in Stapati and Terra Firma, the project "aims to create a benchmark villa development that elevates the standard of luxury living in Goa." ASK Property Fund has raised INR 9,100 crore since 2009, with total investments spanning 70 million sq. ft.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
