White Lotus Group raises Rs 150 crore from Luxe Port Group
luxury real estate company, has raised Rs 150 crores from Dubai-based Luxe Port Group of Companies to expand its presence and fuel growth.
The company will also use the capital to upgrade technology and strengthen the leadership team. The Bengaluru-based company will build a 2.5 million sq.
ft. steady pipeline of bespoke luxury projects and expand in newer markets like Hyderabad, Pune, and Chennai.
«This funding serves as a catalyst in our journey, empowering us to replicate and scale our success in the bespoke luxury segment. By doing so, we are on the path to creating unparalleled living experiences and fulfilling the discerning desires of our esteemed clientele,” said Pavan Kumar, Founder & CEO of White Lotus Group.
White Lotus Group caters to an elite clientele comprising founders of successful start-up companies and CXOs of significant corporates.
The company develops projects priced upwards of Rs 5 crores.
“We at Luxe Port have been looking at diversifying into other luxury lifestyle segments globally.
White Lotus Group emerged to be a natural long-term strategic partner in luxury real estate. We are excited to join hands with Pavan, a serial entrepreneur with an IIT background and proven track record of delivering bespoke luxury projects with his energetic team, which felt like a natural fit,” said Padma Kumar, MD & Chairman of Luxe Port Group.
