Tata Housing Development Company (THDC) on January 15 announced the launch of few inventory at its residential development ‘Myst’ in Kasauli, Himachal Pradesh.
The project, developed on a private hilltop, has been gaining significant traction in sales in the past few months, said a press release.
Owing to social distancing norms, work-from-home culture and rising air pollution in cities, Myst, a project with biophilic architecture, has emerged as a prime choice for people seeking luxurious second homes amid the pandemic, added the result.
As a result, it said, Myst recorded over 345 per cent increase in revenue and 86 per cent increase in enquiries in FY 20-21 compared to FY 19-20. Currently, a significant portion of the project has been sold out and the company has plans to introduce fresh inventory at the same site in this quarter, in order to keep up with the demand.
Sanjay Dutt, MD & CEO, Tata Realty and Infrastructure Limited, said, “Restrictions induced by the COVID-19 pandemic have made people realise the importance of spacious second homes, especially in the absence of international vacations.”
He added: “North Indian real estate market has always been dynamic and it continues to thrive in the new normal. Kasauli, in particular, is expected to remain as a popular choice for residential real estate projects owing to its proximity to Delhi. Myst is the perfect place for the modern homebuyers seeking spacious, luxurious second houses that are situated in an exotic location.”