Terra Grande Expands Operations with Over 100 Luxury Villas Across Himachal and Uttarakhand

Luxury Second-Home Developer Terra Grande Expands Presence in Himachal Pradesh and Uttarakhand

Terra Grande by Eldeco, a luxury second-home developer, is expanding its presence across Himachal Pradesh and Uttarakhand with plans to develop over 100 luxury villas across five projects spanning 61.5 acres. This move comes as demand for high-end holiday homes in mountain destinations gains momentum.

The company is currently developing two projects: a 29-acre luxury community in Sirmaur in Himachal Pradesh and a 12.5-acre project in Narendra Nagar near Rishikesh. Terra Grande is also preparing to launch three additional developments in Solan and Sirmaur in Himachal Pradesh and near Rishikesh in Uttarakhand. The expansion includes a 2.5-acre luxury project at Kalth in Solan, an 8.5-acre wellness-focused villa community near Rishikesh, and a new 12-acre second-home project in Sirmaur.

The market response to Terra Grande's flagship Sirmaur development has been strong. Phase-I of the 29-acre project recorded a complete sell-out of 39 luxury villas priced between Rs 8 crore and Rs 10 crore. This highlights robust demand for curated second homes in hill destinations. Industry experts believe that destinations such as Kasauli, Rishikesh, and Solan are emerging as key second-home markets due to improved connectivity, tourism infrastructure, and shifting buyer preferences toward experiential living.

Terra Grande is betting on sustained demand in the luxury second-home segment, which has emerged as one of the fastest-growing niches within India's residential real estate market. With its multi-project pipeline across Himachal Pradesh and Uttarakhand, the company is well-positioned to capitalize on this trend.

Terra Grande is a subsidiary of Eldeco Group, which comprises Eldeco Housing and Industries Ltd (EHIL), listed on the Bombay Stock Exchange, and Eldeco Infrastructure and Properties Ltd (EIPL), incorporated in 2000.