NEW DELHI: The Della Group expects its revenue to reach around ₹700 crore by FY27, supported by a transformative operational strategy and rapid expansion into its proprietary real estate model. This represents a substantial increase from the ₹200 crore revenue recorded in FY25, mainly derived from its resort operations in Lonavla.
The company, led by founder and director Jimmy Mistry, is actively launching a new framework for integrated townships across India. Delivery is structured using a conceptualization, design, development, marketing, sales & operations (CDDMO) model, partnering with land-owning developers. “It’s an asset-light model that enables partners to unlock greater value than standard development,” he stated.
Regarding financials, Mistry noted that FY25 operations were predominantly fueled by Della’s Lonavala resort, which achieved a top line of ₹200 crore and an EBITDA of ₹65 crore. With the initiation of new townships, the company anticipates ₹150 crore EBITDA next year and ₹450 crore by FY27.
The company’s debt currently stands at ₹255 crore in the hospitality sector, which is being managed through operational revenue, with plans to eliminate it by April 2027 using internal accruals. Della is considering a minor family-office placement but may skip a pre-IPO round; an IPO announcement is planned for Q1 FY27, dependent on scaling operations.
Under its platform economics model, the company imposes a 15% charge on top-line real estate sales (with all project costs incurred in the project entity), a 6% operator fee for hospitality services, and takes a 25% sweat equity stake in hospitality/adventure/medical wellness SPVs, while landowners retain 75% ownership.
Mistry emphasized that this fee structure safeguards landowners, as Della charges no fees based on the current market price and earns pro-rata only up to 15% above that base, ensuring the platform poses no liability for landowners.
The group is currently working on a pipeline of 16 townships and aims to launch a total of ten projects this year. “We have already soft-launched five townships this year, representing approximately ₹6,000 crore in work. We plan to launch the remaining five of the ten townships by December 2025,” Mistry added.
