Terra Grande Plans Luxury Second-Home Expansion

09 Jun 2026 CW Team

Terra Grande by Eldeco has announced its next phase of expansion across Himachal Pradesh and Uttarakhand after the complete sell-out of Phase I of its flagship project in Sirmaur, Himachal Pradesh.

The luxury experiential real estate brand plans to strengthen its second-home portfolio with more than 100 residences across five projects spanning around 61.5 acres. The residences will be located across emerging mountain and wellness destinations, with prices starting from Rs 8 crore.

The announcement follows the success of Terra Grande’s 29-acre development in Sirmaur in the Kasauli Hills. Phase I, spread across 16 acres and comprising 39 luxury villas priced between Rs 8 crore and Rs 10 crore, has been fully sold. The company said the response reflects rising demand for low-density luxury second homes focused on privacy, wellness, nature and curated lifestyle experiences.

Terra Grande is preparing to launch Phase II at Sirmaur while expanding into other locations. Its pipeline includes ongoing developments in Sirmaur and Narendra Nagar near Rishikesh, along with planned projects in Kalth, Solan, another wellness-focused villa community near Rishikesh and a new luxury second-home project in Sirmaur.

Amar Kapoor, CEO, Terra Grande, said the sell-out validates the company’s belief that luxury second homes are emerging as a distinct lifestyle category in India. He added that the brand will focus on low-density communities that combine nature, wellness, privacy and design-led living.

Equipment

09 Jun 2026

Godrej Launches India's First Multi-Ion Forklift Battery

Godrej Enterprises Group has introduced India's first Multi-Ion battery technology for electric forklifts through its Material Handling Equipment (MHE) business, marking a significant step towards sustainable and efficient industrial operations. The technology has been developed to address the increasing demand for reliable, energy-efficient solutions across India's rapidly expanding manufacturing, logistics and warehousing sectors.The Multi-Ion battery is designed to deliver up to 25 per cent lower total cost of ownership, higher equipment uptime and reduced environmental impact. Engineered t..

Mahindra Lifespaces Unveils New Phase at Mahindra Citadel

Mahindra Lifespace Developers has launched Codename Sanctum, a new phase of its residential project, Mahindra Citadel, in Pimpri-Chinchwad, Pune. Spread across approximately 9.66 acres, the development has a Gross Development Value (GDV) of nearly Rs 25 billion. The newly launched phase, comprising Towers E, F and G, has an estimated GDV of around Rs 8-8.5 billion and offers a limited inventory of premium 2 and 3 BHK residences.Vimalendra Singh, Chief Business Officer (Residential), Mahindra Lifespace Developers Ltd. said, “Mahindra Citadel has emerged as a strong contributor to our Pune por..

Cabinet Approves Two Year Scheme To Replace Old Trucks And Buses

The Union Cabinet, chaired by the Prime Minister, approved a two-year scheme to reduce air pollution in the Delhi–NCR region and promote cleaner mobility. The programme will be funded through the National Capital Region Planning Board under the Ministry of Housing and Urban Affairs and implemented by the Ministry of Road Transport and Highways and the Ministry of Petroleum and Natural Gas, with participating States and Union Territories of Delhi, Haryana, Rajasthan and Uttar Pradesh. The total financial outlay has been set at Rs 95.85 billion (bn), with the Central Government contributing Rs..