Iraah Lifespaces Launches Ultra-Luxury Villas in Alibaug and Lonavala, Attracting UHNIs, HNIs, CXOs, and NRIs

Mumbai / October 14, 2024: Iraah Lifespaces, a ultra-luxury villas developer, launched its exquisite collection of bespoke properties in two of Maharashtra’s most sought-after destinations: Alibaug and Lonavala. With a vision to redefine destination living in the neighbourhood of celebrities with a second home or investment perspective, Iraah Lifespaces is poised to cater to the discerning tastes of ultra-high-net-worth individuals (UHNIs), high-net-worth individuals (HNIs), CXOs, and NRIs who seek unparalleled luxury in their homes, a statement from the company said

The project is located in an area where prominent Indian celebrities, such as Shahrukh Khan and Virat Kohli, have their villas. These villas are designed to reflect a blend of sophistication and elegance, complementing the neighboring homes. Each villa has been carefully crafted to provide a high-quality living experience, combining modern design with the natural beauty of the surroundings. Set within lush landscapes, the properties offer a peaceful retreat while maintaining easy access to the nearby urban amenities, the statemenet added. 

“Our mission at Iraah Lifespaces is to craft bespoke properties that cater to the elite,” said Vikas Sutaria, Founder at Iraah Lifespaces, the think-tank and the person who has conceptualized the project. 

“We understand that our clients are not just looking for a home; they are seeking a lifestyle. Our villas are designed to reflect their aspirations for luxury, privacy, and exclusivity,” he added.

The newly launched collection offers a variety of architectural styles and layouts, designed to cater to the diverse preferences of potential buyers. With spacious interiors, modern amenities, and beautiful outdoor spaces, each detail is carefully considered to enhance the luxury living experience.

Iraah Lifespaces has noted growing interest from Ultra-High Net Worth Individuals (UHNIs), High Net Worth Individuals (HNIs), and CXOs in these destination homes. As more people prioritize wellness, relaxation, and the opportunity to retreat to peaceful environments, demand for these properties has risen. Alibaug and Lonavala, known for their scenic beauty and tranquil atmosphere, have become popular locations for investing in luxury villa homes.

Sutaria went on to add, “Alibaug and Lonavala are not just destinations; they are paving the way for destination living in India. We are committed to offering a unique blend of modern luxury and natural beauty, providing our clients with a sanctuary that they can all call home.”

As per industry reports, the Indian luxury market experiences significant growth and is projected to soar from $38.02 billion currently to $101.92 billion by 2029.

As the ultra-luxury market continues to evolve, Iraah Lifespaces is uniquely positioned to lead the way, offering not just homes, but lifestyle destinations that resonate with the elite. With the launch of these exquisite villas, the company is setting new standards in luxury living, making it an exciting time for both the brand and potential buyers.

As reported by Anarock, out of the 328,400 residential units introduced in the top seven cities last year, around 8,610 were villas. This marks a rise from the 8,420 villas out of 357,640 units launched in 2022. The growing interest in luxury villas is expected to persist and expand in the upcoming years. There is a growing preference for villas over high-rise apartment complexes, and investors are also gravitating towards more spacious homes, leading to an increase in the launch of luxury villas, the statement said.