Della Group Plans IPO and Expansion into Luxury Villas and Mixed-Use Developments

Mumbai-based Della Group is preparing to launch an Initial Public Offering (IPO) by late 2025 or early 2026 as part of its expansion strategy. The company plans to develop 1,000 luxury villas across various locations in India over the next three years, aiming for a revenue potential of ₹3,000 crore.

Della Group specializes in hospitality, adventure parks, and luxury residences. The funds raised from the IPO will be allocated for business expansion, including the development of luxury villas in Pawna Lake near Lonavala, Igatpuri, Alibaug, Goa, and locations near Nagpur and Udaipur. Founder and Chairman Jimmy Mistry confirmed that the company is also looking to raise ₹200 crore in a pre-IPO funding round. The capital will be directed towards growth initiatives rather than debt repayment, as the company's existing debt stands at ₹255 crore.

Della Group currently operates Della Resorts and DATA Resort near Lonavala, which collectively offer around 300 rooms. These properties cater to leisure and adventure tourism, integrating hospitality with recreational activities.

The company follows a mixed-use development approach, combining resorts, banquets, restaurants, adventure activities, and branded residences. This model is evident in the planned projects, including a township development near Pune through a joint venture with a Mumbai-based developer. This township will feature vertically branded residences, an adventure park, a race course, and luxury villas.

Mr.Mistry emphasized that the group’s approach involves integrating multiple real estate elements within a single development. The intention is to replicate the model established at Della Resorts, which combines accommodation with lifestyle and adventure elements.

Della Group is expanding into second-home destinations to cater to buyers seeking high-end vacation homes. Locations such as Pawna Lake, Igatpuri, and Alibaug are witnessing increased interest in premium housing projects. The expansion includes developing villas near Nagpur and Udaipur, broadening the company’s presence beyond western India.

The company aims to create projects that integrate residential units with leisure and adventure components. This approach aligns with changing preferences in the luxury real estate segment, where buyers seek properties that offer both exclusivity and recreational opportunities.

While focusing on Indian real estate, Della Group is also exploring international markets. The company is open to entering markets like the United Arab Emirates (UAE) and the Maldives through joint ventures or development management (DM) models. Though there are no current projects in these regions, Mistry confirmed that the company is evaluating potential opportunities.

The expansion into international markets would be guided by strategic partnerships. The DM and JV models would allow the company to leverage local expertise while maintaining a capital-efficient approach. The company’s future international projects would align with its existing focus on hospitality and mixed-use developments.

The IPO is a key component of Della Group’s growth plans. The pre-IPO fundraising of ₹200 crore will be an initial step towards securing capital for expansion. The company’s strategic focus on mixed-use developments and branded residences positions it to tap into demand for integrated lifestyle projects.

Luxury real estate in India continues to see demand from high-net-worth individuals looking for second homes and investment properties. Della Group’s expansion into prime locations aligns with this trend. The company’s model of combining real estate with leisure and hospitality differentiates it from conventional luxury housing developers.

In the coming years, the group aims to scale its projects while maintaining a focus on integrated developments. The IPO will provide the necessary financial backing for large-scale expansion. With a mix of domestic and potential international projects, Della Group is positioning itself as a key player in the luxury real estate and hospitality sectors.