GHD Group has announced the launch of GHD Sky Park, a premium branded residential and serviced apartment development in Fatorda, Madgaon, South Goa. The project will feature professionally managed serviced apartments operated by Royal Orchid Hotels, marking a significant convergence of lifestyle real estate and hospitality-led living in the state.
Project Scope, Investment and Timelines
GHD Sky Park will be developed in two phases, with construction scheduled to commence in January 2026 and completion targeted by December 2029. The total investment in the project is estimated at approximately ₹180 crore, with an overall value and return potential projected in the range of ₹380–400 crore.
The development reflects GHD Group’s focus on long-term asset value creation through planned execution, robust specifications, and quality-led construction.
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A Hospitality-Integrated Lifestyle Concept
Conceptualised as a modern, lifestyle-centric development, GHD Sky Park blends premium branded residences with the convenience of hotel-style services. The serviced apartment component will be operated by Royal Orchid Beach Resort & Spa, offering professionally managed hospitality services tailored for homeowners, second-home buyers, and long-term investors.
The project is designed to appeal to discerning buyers seeking managed living formats that combine residential comfort with the reliability and service standards of an established hospitality brand.
Leadership Perspective
Commenting on the launch, Bharat Thakran, Chairman & Managing Director, GHD Group, said,
“GHD Sky Park reflects our long-term vision of creating differentiated developments that respond to changing consumer preferences. Goa is increasingly emerging as a serious residential and investment market, beyond its traditional tourism appeal. With GHD Sky Park, we are introducing a branded, hospitality-integrated residential format with professional management through Royal Orchid that delivers lifestyle value and strong fundamentals for sustained growth.”
Project Scale and Configuration
Spread across an approximate developable area of 3.5 lakh square feet, GHD Sky Park will comprise a basement plus nine floors and offer around 280 thoughtfully planned studio, one-bedroom, and two-bedroom premium branded luxury apartments. The layouts have been designed to optimise space, functionality, and comfort, aligning with contemporary urban living expectations.
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Execution Focus and Long-Term Value Creation
Reinforcing the group’s execution strategy, Dheeraj Sharma, Chief Executive Officer, GHD Group, added,
“Today’s buyers are looking beyond just homes—they seek experiences, convenience and future-ready developments. GHD Sky Park has been planned to address these expectations through efficient design, quality construction and the integration of managed serviced apartment operations by Royal Orchid. Our focus remains on disciplined execution, transparency and timely delivery, ensuring long term value for customers and stakeholders.”
With GHD Sky Park, GHD Group strengthens its presence in Goa’s evolving real estate market, positioning the project at the intersection of branded living, hospitality management, and long-term investment potential.
