Mumbai, October 15th, 2024: Iraah Lifespaces, a prominent new entrant in the ultra-luxury villas development space, has unveiled its exquisite collection of bespoke properties in two of Maharashtra’s most sought-after destinations; Alibaug and Lonavala. With a vision to redefine destination living in the neighbourhood of celebrities with a second home or investment perspective, Iraah Lifespaces is poised to cater to the discerning tastes of ultra-high-net-worth individuals (UHNIs), high-net-worth individuals (HNIs), CXOs, and NRIs who seek unparalleled luxury in their homes.
The project is situated in the vicinity where Indian celebrities like Shahrukh Khan, Virat Kohli have their villas. These villas are an embodiment of sophistication and elegance matching the vibes of the neighbouring celebrity homes. Each villa has been meticulously designed to offer an unparalleled living experience, seamlessly blending contemporary aesthetics with the natural beauty of the surroundings. Nestled in lush landscapes, the properties provide a serene retreat while still being in close proximity to vibrant urban life.
“Our mission at Iraah Lifespaces is to craft bespoke properties that cater to the elite,” said Mr. Vikas Sutaria, Founder at Iraah Lifespaces, the think-tank and the person who has conceptualized the project. “We understand that our clients are not just looking for a home; they are seeking a lifestyle. Our villas are designed to reflect their aspirations for luxury, privacy, and exclusivity,” he added.
The newly unveiled collection features an array of architectural styles and layouts, each tailored to meet the unique preferences of potential buyers. From expansive living spaces and state-of-the-art amenities to stunning outdoor areas, every detail has been thoughtfully curated to enhance the experience of luxury living.
Iraah Lifespaces is particularly excited about the increasing interest from UHNIs, HNIs, and CXOs in these lifestyle destination homes. As more individuals and families prioritize wellness, relaxation, and the ability to escape to peaceful surroundings, the demand for such properties has surged. Alibaug and Lonavala, known for their picturesque landscapes and serene ambiance, are emerging as top choices for those looking to invest in uber luxury villa homes.
Mr. Sutaria went on to add, “Alibaug and Lonavala are not just destinations; they are paving the way for destination living in India. We are committed to offering a unique blend of modern luxury and natural beauty, providing our clients with a sanctuary that they can all call home.”
As per industry reports, the Indian luxury market experiences significant growth and is projected to soar from USD 38.02 billion currently to USD 101.92 billion by 2029.
Iraah Lifespaces’ commitment to excellence is reflected in its dedication to sustainability and eco-friendly practices. The company is integrating green technologies and sustainable materials in its projects, ensuring that the luxury experience does not come at the expense of the environment.
As the ultra-luxury market continues to evolve, Iraah Lifespaces is uniquely positioned to lead the way, offering not just homes, but lifestyle destinations that resonate with the elite. With the launch of these exquisite villas, the company is setting new standards in luxury living, making it an exciting time for both the brand and potential buyers.
As reported by Anarock, out of the 328,400 residential units introduced in the top seven cities last year, around 8,610 were villas. This marks a rise from the 8,420 villas out of 357,640 units launched in 2022. The growing interest in luxury villas is expected to persist and expand in the upcoming years. There is a growing preference for villas over high-rise apartment complexes, and investors are also gravitating towards more spacious homes, leading to an increase in the launch of luxury villas.