Eldeco Group projects in Himalayan Foothills, Rishikesh

Eldeco Group's move into the hills above Rishikesh

Eldeco Group traces its origins to 1975, when the company was founded in 1975 in Agra by S. K. Garg to professionally undertake real estate and construction projects, formed with a vision to excel on the ideals of timely delivery, ethics in business and transparency. Over five decades the group grew from an Agra-based construction firm into a developer with over 35 years of experience and more than 200 projects across 21 cities, spanning Lucknow, Kanpur, Agra, Noida, Greater Noida and other parts of the NCR of Delhi. Along the way, Eldeco Housing and Industries Ltd went public on the Bombay Stock Exchange and the group entered a co-investment platform with HDFC Capital, a financing relationship that now extends into the Himalayan foothills. In Narendra Nagar, in the hills above Rishikesh, this track record takes the form of Eldeco Terra Grande, the group's first ultra-luxury villa estate in Uttarakhand's wellness-tourism belt.

Terra Grande: Eldeco's estate villas above the Ganga

Terra Grande is a gated community of 30 luxury estate villas developed by Eldeco Group in Narendra Nagar, Uttarakhand, sitting at approximately 4,000 feet above sea level, 600 metres above Rishikesh, on the Char Dham Highway. The estate covers 15 acres in total, and with only 30 homes on that land, the average space per villa works out to half an acre. Every residence is designed as a private world rather than a shared address: each villa comes with its own private heated pool, personal garden, outdoor fireplace and open terraces with a direct sightline to the Ganga River and the surrounding valley, positioned independently so the outlook belongs to that home alone.

The villas are offered in 4 and 5 BHK configurations, starting from ₹19 crore for a 4 BHK villa on a plot of around 700 square metres with roughly 4,800 sq ft built-up, with the 5 BHK priced higher. The project is registered as RERA: UKREP04240000553, with possession scheduled for Q3 2027. Community infrastructure is anchored by a 30,000 sq ft clubhouse, and residents are expected to have access to a clubhouse, yoga pavilion, meditation decks, forest trails and stargazing areas. Financing carries the same institutional discipline Eldeco applies elsewhere: the project is financially backed by HDFC Capital, and design has been entrusted to a firm with regional expertise, as architecture is by SGA (Sandeep Geeta & Associates), who have worked on hill-specific residential and resort projects in Uttarakhand.

Why Narendra Nagar, and why now

Eldeco's decision to build here follows the broader pull of the Rishikesh region. As the group itself framed it at launch, the estate is planned as a low-density residential community comprising just 30 luxury villas, offering homeowners privacy, expansive views, and nature-led living within close proximity to Rishikesh — globally known for wellness tourism, spirituality, and adventure travel. Located in the hills of Narendra Nagar, the estate overlooks the Ganga valley and offers a quieter alternative to city life while remaining accessible to Dehradun and Delhi NCR. The neighbourhood already carries institutional hospitality credibility, with the project's luxury neighbours including Ananda in the Himalayas and The Westin Resort just steps away.

The wider market context reinforces this positioning. Demand for hillside second homes in this belt is attracting growing interest due to rising demand for wellness-focused living, nature-connected lifestyles, spiritual tourism, low-density environments, and private retreat-style second homes near Delhi NCR. Narendra Nagar itself is described by Eldeco's press communication as emerging as a compelling location within the broader Rishikesh region, as urban buyers increasingly seek second homes offering space, clean air, and proximity to nature.

Connectivity that changes the second-home calculus

Access to this stretch of Uttarakhand improved materially in 2026. Prime Minister Narendra Modi inaugurated the Delhi-Dehradun Expressway, a project expected to reduce travel time between Delhi and Dehradun from six hours to about 2.5 hours. The corridor also benefits Rishikesh directly, since connectivity to Rishikesh and Haridwar is improved via a dedicated spur, reducing travel time to approximately two hours. For NCR-based buyers, this converts a once-elaborate mountain trip into a realistic weekend plan. Air access completes the picture: Jolly Grant Airport sits in the Doon valley, about 25 km from Dehradun city and 20 km from Rishikesh, and is served by major Indian carriers operating to Delhi, Mumbai, Bengaluru, Lucknow and Amritsar. From the airport, Rishikesh is the closest headline destination at 35-45 minutes by taxi, with Narendra Nagar a further short climb into the hills along the Char Dham Highway.

Eldeco's footprint beyond this single address

Terra Grande is not Eldeco's first venture in Uttarakhand. The group's industrial arm, Eldeco Infrastructure and Properties Ltd, developed the 1,096-acre Eldeco SIDCUL Industrial Park at Sitarganj under a Public-Private Partnership with the State Industrial Development Corporation of Uttarakhand, a project that has since grown into a major investment and employment hub with more than 20,000 permanent jobs created across 100 active industries. Elsewhere in North India, Eldeco's current portfolio spans large-format residential and township formats, from Eldeco La Vida Bella in Greater Noida West and Eldeco Latitude 27 on IIM Road, Lucknow, to Eldeco Paradiso in Panipat, alongside earlier landmark efforts such as a 200-acre township in joint development with the Lucknow Development Authority, one of the first instances of Public-Private Partnership housing in the country. This spread of delivered scale — industrial parks, integrated townships, high-rise housing and now a hillside villa estate — is the operating history that a Terra Grande buyer is effectively underwriting when they commit to Narendra Nagar.

Terra Grande Rishikesh at a glance