Project Details
The disclosure provides an update regarding the proposed development of a racecourse-themed luxury integrated township project. The project comprises:
- Five-star hospitality facilities
- Villas and resorts
- Wellness facilities
- Adventure park
- Other allied activities
Location and Scale
The project is situated at Village Saras, Ichhawar, District Sehore, Madhya Pradesh, across approximately 220 acres of land.
Key Development
During the "Madhya Pradesh Urban Growth Conclave 2.0" held on 28th October, 2026, Hon'ble Chief Minister of Madhya Pradesh Dr. Mohan Yadav met with:
- Mr. Jimmy Mistry, Founder & Chairman and Managing Director – Della Townships (Della Group) and Chairman & Managing Director of Della Resort & Adventure Private Limited
- Mr. Vishnu Prasad Goyal, Chairman and Managing Director of Alfavision Overseas (India) Limited
Government Assurance
The Department of Urban Development and Housing, Government of Madhya Pradesh, conveyed its assurance of support for the proposed project.
Financial Parameters
The project envisages:
- Gross Development Value (GDV) of approximately ₹2,250 crore
- Development area of approximately 220 acres
Project Components
The development comprises:
- Hospitality infrastructure
- Hotels
- Luxury villas
- Resorts
- Wellness facilities
- Adventure tourism facilities
- Other allied developments
Expected Impact
The project is envisaged to contribute towards:
- Tourism development
- Employment generation
- Economic growth in the State of Madhya Pradesh
Conditions and Approvals
The project development is subject to applicable approvals, permissions, statutory requirements and other necessary formalities.
Future Disclosures
The company will make further disclosures regarding material developments in the project, including:
- Execution of definitive agreements
- Receipt of approvals
- Commencement of development
- Other material events
as and when applicable under SEBI (LODR) Regulations, 2015.