Champion Infratech and Crystal Lagoons Partnership Bringing 100 Beaches and Lagoons near Each Indian City
Subhakar Rao Surapaneni, Chairman of Champion Infratech, said, "We are introducing 100 mesmerizing man-made beaches and smart lagoon cities across India. This exclusive agreement ensures the delivery of high-quality private and public lagoon projects throughout the country, solidifying our partnership with Crystal Lagoons.
Our team is enthusiastic about the potential of Crystal Lagoons technology to bring beachfront living to every tier 1 and tier 2 city, revolutionizing lifestyle amenities for residential and commercial properties. Smart Lagoon cities in India across all tier 1 and tier 2 cities will revitalize the Indian real estate landscape and enhance project sales velocity and pricing.
We are collaborating with smart city partners to set a pioneering example in the luxury real estate sector. Stay tuned for the Global Real Estate & Smart Cities Summit on November 25th, 2023, in Bengaluru, where you'll hear from real estate leaders from India and around the world."
Hema Malini Nidamanuri, MD, emphasized the importance of attracting Indian and NRI investments back to India, preventing the outflow of funds to countries like the UAE, Egypt, the UK, and the USA.
She highlighted the iconic Champion Lagoon properties, similar to those sought after by Indians worldwide in every tier 1 and tier 2 city in India. A recent study by Knight Frank shows that Indian super-rich individuals own 5.1 residential properties on average, and Indian ultra-high-net-worth individuals (UHNWIs) allocate approximately 37% of their total wealth to primary and secondary homes, with over 15% allocated to residential property held outside of India.
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