Neworld to Invest Rs 50 Bn in Projects across Goa, Ayodhya, Haryana

08 Apr 2025 CW Team

One of the key highlights of this plan is the launch of a large-scale township project in Goa, scheduled for May 2025. Strategically located near the newly developed MOPA Airport, the project offers strong infrastructure and connectivity. It has already secured all required approvals, including Non-Agricultural (NA) registration and the Occupancy Certificate (OC), ensuring compliance with regulatory standards and greater assurance for homebuyers.

The company has acquired 182 acres of land in Goa and Maharashtra for the development of a lifestyle-oriented township. The project will feature a blend of plotted developments, high-end villas, and resort-like living spaces. Unlike conventional second homes or retirement communities, this township is designed to offer a complete lifestyle experience. The first phase, with an estimated sales value of Rs 4 billion, is nearing possession.

Neworld Developers is also expanding its footprint beyond Goa. Plans are underway to acquire land parcels in Haryana under a new affordable housing scheme, targeting plotted development projects. Additionally, the company is exploring opportunities in religious and culturally rich destinations such as Mathura, Ayodhya, and Meerut. These upcoming projects are aimed at addressing the growing housing demand in Tier 2 and Tier 3 cities.

With over three to four years of consistent development activity, the company continues to prioritize quality construction, timely project delivery, and customer satisfaction. Backed by promoter equity, Neworld Developers is committed to contributing to the evolution of India’s real estate sector through thoughtfully planned, investor-friendly communities.

News source: Construction Week

Neworld Developers has announced an ambitious expansion plan, aiming to launch real estate projects worth Rs 50 billion over the next five years. The focus will be on developing integrated townships, premium villas, resort-style residences, and hospitality-centric developments across strategic locations in India. One of the key highlights of this plan is the launch of a large-scale township project in Goa, scheduled for May 2025. Strategically located near the newly developed MOPA Airport, the project offers strong infrastructure and connectivity. It has already secured all required approvals, including Non-Agricultural (NA) registration and the Occupancy Certificate (OC), ensuring compliance with regulatory standards and greater assurance for homebuyers. The company has acquired 182 acres of land in Goa and Maharashtra for the development of a lifestyle-oriented township. The project will feature a blend of plotted developments, high-end villas, and resort-like living spaces. Unlike conventional second homes or retirement communities, this township is designed to offer a complete lifestyle experience. The first phase, with an estimated sales value of Rs 4 billion, is nearing possession. Neworld Developers is also expanding its footprint beyond Goa. Plans are underway to acquire land parcels in Haryana under a new affordable housing scheme, targeting plotted development projects. Additionally, the company is exploring opportunities in religious and culturally rich destinations such as Mathura, Ayodhya, and Meerut. These upcoming projects are aimed at addressing the growing housing demand in Tier 2 and Tier 3 cities. With over three to four years of consistent development activity, the company continues to prioritize quality construction, timely project delivery, and customer satisfaction. Backed by promoter equity, Neworld Developers is committed to contributing to the evolution of India’s real estate sector through thoughtfully planned, investor-friendly communities. News source: Construction Week

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