Mumbai-based Della Group, known for its hospitality ventures, luxury villas, and adventure parks, has unveiled plans to develop luxury integrated township projects across 10 locations in India, spanning 1,336 acres with a combined Gross Development Value (GDV) of ₹18,060 crore.

The upcoming projects — to be launched in Thane (MMR), Kasara, Igatpuri, Goa, Nagpur, Ahmedabad, Raipur, Ranthambore, and Pune — mark a major expansion for the group. Of these, five projects in Pune, Nagpur, Raipur, and Goa have already been pre-launched with a GDV of ₹5,800 crore, while six additional townships worth ₹12,260 crore are set to follow in the coming months, according to a report by hindustantimes.com.

The company said it plans to develop these projects under its proprietary asset-light model, named Conceptualisation, Design, Development, Marketing, Sales, and Operations (CDDMO).

Under the model, the Della Group pools land from the land owner and in exchange it conceptualises, designs, develops, and does the sales and marketing of the project. The company charges a fee from the landowner on a project-to-project basis.

“Out of the total GDV that we have in the pipeline, we will be getting around 15% of fees for the project,” said Jimmy Mistry, founder and chairman of Della Group.

According to the company, its projects will be theme-based, featuring elements such as real estate in the form of villas, plots, hospitality, retail, adventure parks, and medical wellness.

“We are working on more proposals and exploring projects in several parts of the country in order to create theme-based projects around medical wellness, wildlife, etc,” Mistry said.

Della Group was founded in 1991 by Jimmy Mistry, initially focusing on pest control. This entrepreneurial journey expanded into interior contracting in 1993 and modular office furniture in 1995. In 1997, the company established a furniture manufacturing facility in Daman, a Union Territory near South Gujarat.

The Group ventured into real estate in 2005, and in 2009, it expanded into the hospitality industry with the opening of Della Resort near Lonavala.

Della Group announced in February 2025 that it plans to launch an Initial Public Offering (IPO) in the coming months. The funds raised from the IPO will be used for further business expansion. Speaking with reporters on October 27, Mistry said, “We are also aiming to come out with an IPO soon. This may take time; however, we are looking for something around 2027.”