Alfavision Overseas (India) has entered into a term sheet with Della Resorts & Adventure for development of an integrated hospitality, adventure and lifestyle destination project. The project will be developed on around 220 acres of land at Village Saras, Icchawar, District Sehore, Madhya Pradesh, comprising land owned by the company and certain promoter group entities. The project is envisaged to include development of luxury resorts, hospitality facilities, villas, branded residences, wellness facilities, adventure park, recreational amenities and other residential and non-residential developments. Based on preliminary development assessment, the project has an indicative Gross Development Value (GDV) potential of over Rs 2,000 crore.

For the hospitality component, a Special Purpose Vehicle (SPV) is proposed to be formed. The land-owning entities (including the Company and promoter group entities) shall collectively hold 74% stake, and Della Resorts & Adventure Private shall hold 26% stake.

The proposed collaboration is expected to unlock significant value from the company’s land holdings and enable development of a landmark integrated hospitality and lifestyle destination in Madhya Pradesh, subject to regulatory approvals and final project structure.

Alfavision Overseas (India) is primarily engaged in the business of Agriculture activity, having head of office in Indore.