Eraaya Lifespaces Acquires Luxury Staycation Property And Commercial Retail Spaces

Eraaya Lifespaces' recent developments in its hospitality business showcase a robust strategy aimed at expansion and diversification

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Eraaya Lifespaces Ltd. has announced updates to the developments taking place in its hospitality business. First is the acquisition of a luxury staycation property at Lonavala with an investment of about ₹30 million and second is the acquisition of commercial retail spaces with an investment of about ₹470 million in the largest mall located near the international airport at Mohali, the satellite city of Chandigarh and the heart of the richest state in India, Punjab, which demonstrates its strong commitment to expanding its hospitality business and diversifying its portfolio in the growth potential business areas.

Eraaya Lifespaces' selection of locations for its designer, luxury staycation properties demonstrates an intense understanding of the booming leisure tourism market and a strategic approach to meeting the needs of discerning travellers. Situated amidst the lush greenery of the Western Ghats and conveniently located near major urban centres like Mumbai and Pune, Lonavala is a popular destination for weekend getaways and leisure trips. The serene surroundings, pleasant climate, and range of recreational activities make it an ideal location for a luxury staycation property.