Della Group aims to Develop 1, 000 Luxury Housing Units across India

Mumbai-based Della Group, known for its ventures in hospitality, luxury villas, and adventure parks, is planning to launch an Initial Public Offering (IPO) by late 2025 or early 2026.

The company aims to develop 1,000 luxury housing units across India over the next three years, with an estimated revenue potential of Rs. 3,000 crore, according to its Founder and Chairman, Jimmy Mistry.

Funds raised from the IPO will support business expansion, particularly the development of luxury villas in Pawna Lake, Igatpuri, Alibaug, the outskirts of Nagpur, Udaipur, and Goa.

Della Group currently operates Della Resorts and DATA Resort near Lonavala, both located about an hour from Mumbai and Pune. These properties collectively offer around 300 keys.

Mistry revealed that the company is looking to raise Rs. 200 crore in the Pre-IPO stage, while funds from the IPO will be invested in hospitality businesses, luxury villas, and branded residences, rather than for debt servicing. The company’s debt stands at less than Rs. 255 crore, which Mistry described as a comfortable level.

Founded in 1991, Della Group initially specialized in pest control before expanding into interior contracting (1993) and modular office furniture (1995). In 1997, the company set up a furniture manufacturing facility in Daman. It entered real estate in 2005 and ventured into hospitality in 2009 with the opening of Della Resort near Lonavala.

Additionally, Della Group has partnered with a Mumbai-based developer to build a township project near Pune. The project will feature branded residences, an adventure park, a racecourse, and luxury villas, further expanding the company’s footprint in the real estate and hospitality sectors.