Updated Nov 16, 2024 11:59 IST
As per the agreement, the Bayside Corporation has been entrusted with the sale of more than 400 units out of the total 800 units in Kasauli Hills. (Image: Sushma Group/ETNOW.in)
Real Estate News: Realty major Sushma Group has accelerated the sales of its housing projects in Himachal Pradesh’s Kasauli. For this, the Chandigarh-based real estate developer entered into a partnership with Bayside Corporations (BCS). This collaboration marks one of the first exclusive selling agreements in the hill station real estate market and aims to achieve a Gross Transaction Value (GTV) exceeding Rs 350 crore.
Real Estate in Kasauli
As per the agreement, the Bayside Corporation has been entrusted with the sale of more than 400 units out of the total 800 units in Kasauli Hills. “The collaboration leverages Sushma Group’s expertise in crafting luxury living spaces and Bayside Corporations’ proven sales acumen and expansive network to target high-net-worth individuals (HNIs), NRIs, and discerning domestic buyers seeking premium hill station properties,” the company said in a statement.
Commenting on the development, Prateek Mittal, Executive Director, of Sushma Group, said, “Our alliance with Bayside Corporations is a pivotal step toward expanding the reach of our luxury hill projects. These developments embody the tranquility and opulence that discerning buyers seek in Kasauli. With Bayside’s expertise, we aim to not only achieve but surpass our ambitious sales targets, bringing unparalleled value to our customers and investors.”
In October, speaking with ETNOW.in, Mittal added that the company will also launch a project on the concept of holiday homes in Himachal Pradesh’s Kasauli. “We are launching the second project soon in Kasauli on the concept of holiday homes. This will be Sushma Group’s second project in the hill town. The project will be completed within 3.5 years at an estimated cost of Rs 60 crore,” he said.
About Sushma Group
Sushma Group has successfully delivered close to 7 million square feet of space in the last 16 years. Within 14 years of its launch, the developer delivered 14 projects in Tricity. Now, the company targeted to deliver 16 projects in the 16th year of its foundation.
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