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Aug 122 min read

Luxury real estate co. Atmosphere Living to Invest INR 500 Crore in In


Luxury real estate co. Atmosphere Living to Invest INR 500 Crore in India

    

Atmosphere Living to introduce Ultra-Luxury Serviced Homes in Iconic Locations

August 9, 2024: As a part of their expansion plans across South Asia, Atmosphere Living India, a subsidiary of Atmosphere Living Dubai, is all set to invest around 500 crore in luxury real estate markets across India. These projects funded by the parent company shall have key projects in places like Goa, Lonavala, Himachal Pradesh, Jaipur, and Mysore.

Each of them 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 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." Sandeep Ahuja, CEO of Atmosphere Living

The flagship project in Mussoorie is spread over 11.5 acres of land jointly owned by Atmosphere Living and the landowner, 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.



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