New Delhi, 5th June 2026: Terra Grande by Eldeco, the luxury experiential real estate brand focused on curated second-home communities, has announced its next phase of growth across Himachal Pradesh and Uttarakhand following the complete sell-out of Phase I of its flagship project in Sirmaur, Himachal Pradesh.
The expansion marks a significant milestone in Terra Grande's vision of creating thoughtfully designed luxury second-home communities that seamlessly blend architecture, wellness, nature and hospitality-led living experiences. Backed by Eldeco's four-decade legacy in real estate development, Terra Grande continues to strengthen its position in India's rapidly evolving luxury second-home market.
The announcement comes on the back of the overwhelming success of Terra Grande's ongoing 29-acre development in Sirmaur (Kasauli Hills), where Phase I comprising 39 luxury villas has witnessed a complete sell-out. Spread across 16 acres and priced between ₹8 crore and ₹10 crore, the development has emerged as one of North India's most sought-after luxury second-home destinations. The strong response reflects Terra Grande's early conviction in the luxury second-home segment, coupled with a design-led approach brought to life by internationally acclaimed architects and interior designers. The low-density development has resonated strongly with discerning buyers seeking privacy, wellness, nature and curated lifestyle experiences beyond conventional holiday homes
Following the success of Phase I, Terra Grande is preparing to unveil the Phase 2 of the development at Sirmaur while simultaneously expanding its footprint across other high-potential mountain destinations. This growth strategy reflects the company's confidence in the increasing demand for experiential luxury second homes among affluent Indian buyers.
Alongside its ongoing developments in Sirmaur (29 acres) and Narendra Nagar near Rishikesh (12.5 acres), Terra Grande plans to launch three new projects comprising a 2.5-acre luxury development in Kalth, Solan, an 8.5-acre wellness-focused villa community near Rishikesh, and a new 12-acre luxury second-home project in Sirmaur. Collectively, these five projects span approximately 61.5 acres and will comprise more than 100+ luxury residences, further strengthening Terra Grande's presence across India's emerging mountain and wellness destinations.
Commenting on the expansion, Amar Kapoor, CEO, Terra Grande, said:
The overwhelming response to Terra Grande Sirmaur validates our belief that luxury second homes are emerging as a distinct lifestyle category in India. The complete sell-out of Phase I has reinforced our conviction in creating thoughtfully planned, low-density communities that combine nature, wellness, privacy and design excellence. As we prepare the next phase of growth in Sirmaur and expand across Himachal Pradesh and Uttarakhand, our focus remains on delivering exceptional living experiences in destinations that offer long-term lifestyle and investment value. We believe the demand for curated luxury second homes will continue to grow as buyers increasingly seek meaningful escapes and deeper connections with nature.
Terra Grande's developments are differentiated by their low-density planning, architecture-led design philosophy, wellness-focused amenities and deep integration with the surrounding natural environment. Each destination is selected for its unique character, accessibility and potential to offer residents an exclusive lifestyle experience while preserving privacy, sustainability and a strong connection with nature.
With a robust development pipeline spanning 60+ acres across Himachal Pradesh and Uttarakhand, Terra Grande is well-positioned to further strengthen its leadership in India's growing luxury second-home segment while creating enduring value for homeowners and investors alike.
About Terra Grande by Eldeco
Terra Grande by Eldeco is the luxury second-home vertical of the Eldeco Group, dedicated to creating thoughtfully designed residential communities in India's most inspiring mountain and wellness destinations. Guided by the principles of conscious living, Terra Grande combines architecture-led design, low-density planning, wellness-focused amenities, and hospitality-inspired experiences to create homes that foster a deeper connection with nature. Each community is crafted to offer a lifestyle defined by privacy, rarity, and enduring value.
