The Hindu·4 min read·medium

Can Isprava make bespoke luxury villas at scale?

Can Isprava make bespoke luxury villas at scale?
AI Summary

Isprava Group, a luxury real estate developer, is navigating the challenge of scaling its boutique, bespoke villa business. The company focuses on creating unique, historically-inspired homes for high-net-worth individuals.

Why it matters

It illustrates the business tension between maintaining exclusivity and achieving growth in the luxury real estate market.

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When Dhimaan and Nibhrant Shah began building houses in Goa a decade ago, they were entering a market that had a fairly conventional idea of luxury: more marble, more glass, more square footage. But their own houses were meant to suggest something else. When we get on a video call, the brothers and Co-CEOs of Isprava Group recall how one of the first pieces of furniture they acquired for an Isprava house was not furniture at all. It was the façade of a dilapidated haveli in Gujarat. Dhimaan says they had the entire piece removed, restored in a warehouse and transported to Goa, where it became a large cabinet in a living and dining room.

“It was our second home,” he continues. “We had four employees, including the two of us.”

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