Isprava Group raises Rs 985 cr from investors to expand business

The Isprava Group, a luxury housing and hospitality business, announced that it raised around Rs 985 crore from investors to expand its business. According to media reports, family offices such as the Nadir Godrej Family Office, the Burman Family Office, and others led the fundraising round. The funds were generated through a combination of corporate and project-level equity. Isprava and Lohono Stays are the two firms that the Isprava Group operates. It is a high-end real estate developer and has nearly 110 projects in Goa, Alibaug, the Nilgiris, and Kasauli. Lohono Stays offers high-end homestays and hospitality. It has more than 105 properties in India and over 250 across Southeast Asia (Bali, Phuket, etc). The company told the media that both firms (Lohono Stays and Isprava) would continue to achieve phenomenal development across their business verticals with this round of expansion funding. The funds received will be used to assist the organisation to expand both enterprises. Image Source Also read: PNB Housing Finance grows 3% as firm announces fundraising plans