GHD Group, a leading real estate developer with a strong presence in Goa, announced the launch of GHD Sky Park, a premium branded residential development integrated with managed serviced apartments operated by Royal Orchid Beach Resort & Spa, located at Fatorda, Madgaon, South Goa. The project marks a significant addition to Goa’s rapidly evolving lifestyle- and hospitality-led real estate landscape.
The project will be executed in two phases, with construction scheduled to commence in January 2026 and overall completion targeted by December 2029. The total investment is estimated at approximately ₹180 crore, with the project expected to generate an overall value and return potential of around ₹ 380- 400 crore, underscoring GHD Group’s focus on quality construction, robust specifications and long-term asset value creation.
Conceptualised as a modern, lifestyle-centric development, GHD Sky Park seamlessly blends the comfort of branded residences with the convenience of hotel-style, professionally managed services by Royal Orchid Beach Resort & Spa. The project is designed to cater to discerning homebuyers, second-home seekers and long-term investors seeking professionally managed, high-quality residential formats.
Commenting on the launch, Mr. Bharat Thakran, Chairman & Managing Director, GHD Group, said: “GHD Sky Park reflects our long-term vision of creating differentiated developments that respond to changing consumer preferences. Goa is increasingly emerging as a serious residential and investment market, beyond its traditional tourism appeal. With GHD Sky Park, we are introducing a branded, hospitality-integrated residential format with professional management through Royal Orchid that delivers lifestyle value and strong fundamentals for sustained growth.”
GHD Sky Park will be developed over an approximate developable area of 3.5 lakh sq. ft., comprising a basement plus nine floors and offering around 280 thoughtfully planned studio, 1 & 2 BHK premium branded luxury apartments designed to optimise space, functionality and comfort in line with contemporary urban living preferences. The project will be executed in two phases, with construction scheduled to commence in January 2026 and overall completion targeted by December 2029, underscoring GHD Group’s focus on planned development, quality construction and timely delivery.
Mr. Dheeraj Sharma, Chief Executive Officer, GHD Group, added: “Today’s buyers are looking beyond just homes—they seek experiences, convenience and future-ready developments. GHD Sky Park has been planned to address these expectations through efficient design, quality construction and the integration of managed serviced apartment operations by Royal Orchid. Our focus remains on disciplined execution, transparency and timely delivery, ensuring long term value for customers and stakeholders.”
With GHD Sky Park, GHD Group continues to strengthen its footprint in Goa, a market witnessing rising demand from end-users, professionals, retirees and lifestyle-focused buyers, while advancing its strategy of developing premium yet practical real estate assets in high potential micro-markets supported by trusted hospitality partnerships. The launch of GHD Sky Park marks another milestone in the Group’s journey of delivering quality-driven, well planned developments that combine design excellence, strong execution and market relevance.
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