Atmosphere Living India, a subsidiary of Atmosphere Living Dubai, is set to invest around INR 500 crore in the luxury real estate markets across India as part of their expansion plans in South Asia. The parent company will fund key projects in locations like Goa, Lonavala, Himachal Pradesh, Jaipur, and Mysore. Each project will offer a seamless combination of real estate and hospitality, providing an unparalleled living experience. Simultaneously, Atmosphere Core, the hospitality arm of the group, will be opening new hotels in Kolkata, Coorg, and Bhopal. The flagship Ozen-branded residences in Mussoorie will be its first project in this expansion plan and it is set to create new benchmarks in ultra-luxury living.
Atmosphere Living India, a subsidiary of Atmosphere Living Dubai, is set to invest around INR 500 crore in the luxury real estate markets across India as part of their expansion plans in South Asia. The parent company will fund key projects in locations like Goa, Lonavala, Himachal Pradesh, Jaipur, and Mysore.
Each of these projects will offer a seamless combination of real estate and hospitality, providing an unparalleled living experience. Simultaneously, Atmosphere Core, the hospitality arm of the group, will be opening new hotels in Kolkata, Coorg, and Bhopal over the next three months.
Sandeep Ahuja, CEO of Atmosphere Living, said that luxury villas will be constructed and sold alongside these hotels by Atmosphere Living, further enhancing the synergy between real estate and hospitality in South Asia. With their upcoming projects, Atmosphere Living aims to set new benchmarks in ultra-luxury living, beginning with the flagship Ozen-branded residences in Mussoorie.
The flagship project in Mussoorie, 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. This 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.
By blending real estate and hospitality, the company aims to redefine luxury living in South Asia, catering to the discerning tastes of elite homeowners. With their upcoming projects, Atmosphere Living is set to become a leading player in the region's luxury real estate market.
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