YOO Targets India as Its Largest Market for Branded Residences
India set to become YOO’s biggest market for branded residences
The Economic TimesImage: The Economic Times
YOO, a global design and real estate brand, anticipates India will become its largest market for branded residences, driven by rising demand and new projects. The company is exploring developments in cities like Pune and Kolkata, with a projected increase of nearly 60% in branded residence projects by 2027.
- 01YOO expects India to become its biggest market for branded residences.
- 02The company is exploring projects in Pune and Kolkata, with interest from tier-2 cities.
- 03YOO is collaborating with Dalcore Group for its first North India project worth ₹500 crore (approximately $60 million USD).
- 04India ranks sixth globally in live branded residential projects, contributing about 4% of the world's supply.
- 05The number of branded residence projects in India could increase by nearly 60% by 2027.
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YOO, a global design and real estate brand, is set to make India its largest market for branded residences, as demand surges and new projects emerge. James Snelgar, YOO's partner and head of international business development, revealed that the company is exploring opportunities in Pune and Kolkata, and is even receiving inquiries from tier-2 cities. YOO has executed 6–7 projects in India over the past decade and is currently in discussions for an additional 4–5 projects. Its first North India project, in collaboration with Dalcore Group, involves an investment of ₹500 crore (approximately $60 million USD) to develop 96 luxury apartments in a single tower. YOO has also designed projects in Pune and Hyderabad and partnered with Lodha in Mumbai and DN Group in Bhubaneswar. According to Knight Frank, India ranks sixth globally in live branded residential projects, accounting for approximately 4% of the world's supply. Projections by Noesis Capital Advisors suggest a potential 60% increase in branded residence projects in India by 2027, particularly in the National Capital Region (NCR), Mumbai, and Bengaluru.
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The increase in branded residences could enhance luxury living options for homebuyers in India, particularly in major urban areas.
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