Alfavision Overseas (India) Limited has entered into a term sheet with Della Resorts & Adventure Private Limited for the development of an integrated hospitality, adventure and lifestyle destination in Madhya Pradesh with an indicative Gross Development Value (GDV) potential of over ₹2,000 crore.
The proposed project will be developed on land situated at Village Saras, Icchawar, District Sehore, Madhya Pradesh. The development will be undertaken on the Company’s land along with land owned by certain promoter group entities, aggregating approximately 220 acres.
The planned development will include hotels, villas, resorts, wellness facilities, adventure park attractions and other residential and non-residential components, creating a large-scale hospitality and lifestyle destination in the region.
Further details regarding the development will be shared with the Stock Exchanges as and when available.
The details of the arrangement are provided in Annexure-1 below.
ANNEXURE-1
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the entity with whom agreement is entered | Della Resorts & Adventure Private Limited |
| 2 | Nature of agreement | Execution of term sheet / strategic development arrangement for development of an integrated hospitality, adventure and lifestyle destination project. |
| 3 | Purpose of entering into the agreement | To collaborate for conceptualization, development advisory, branding, marketing, sales strategy and operational planning for the proposed project. |
| 4 | Area / Location of the Project | Approximately 220 acres of land situated at Village Saras, Icchawar, District Sehore, Madhya Pradesh, comprising land owned by the Company and certain promoter group entities. |
| 5 | Scope of Project / Proposed Development | 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. |
| 6 | Indicative Project Potential | Based on preliminary development assessment, the project has an indicative Gross Development Value (GDV) potential of over INR 2,000 Crores, subject to final project configuration, statutory approvals and market conditions. |
| 7 | Proposed Structure of Development | 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 Limited shall hold 26% stake. |
| 8 | Consideration / Shareholding Structure | The stake of Della Resorts & Adventure Private Limited may be issued through sweat equity or other mutually agreed structure, in consideration for development expertise, branding, design, conceptualization and operational support to be provided by Della. |
| 9 | Whether the transaction would fall within related party transactions | No. |
| 10 | Whether the promoter / promoter group / group companies have any interest in the entity | The project land includes land owned by the Company and certain promoter group entities. |
| 11 | Date of execution of agreement | March 06, 2026 |
| 12 | Impact / significance of the agreement | 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. |
| 13 | Other material terms | Detailed terms and conditions shall be finalized through definitive agreements to be executed between the parties in due course. |
