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Axis Ecorp to infuse Rs 250 cr in developing serviced holiday homes

Monday, 12 Apr 2021
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Realty developer Axis Ecorp will invest Rs 250 crore in premium developments in the holiday homes and secondary housing segment in Goa and Siliguri.

The company intends to operate these luxury smart service villa and expand to more cities which attracts tourists.

The company has close to 22 acre land in Goa. Located in proximity with upcoming airport, the project has attracted interest from investors, especially those living outside India.

The company which runs a college in Kanpur, had acquired land parcels at various parts of the country to expand the college portfolio but is instead focusing on real estate.

Company is also coming up with concepts of kids centric hotel and Yog Villas. Comprising over 69 units with a built-up area of 1,400 sq ft for each unit and the project is expected to be completed by 2023. Located in Dodamarg, these villas are 35 km away from Panjim city center.

Axis Ecorp intends to fulfill the demand for fully-managed luxury homes and expected to achieve a sales target of Rs 100 crore in the next six months.

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