New Delhi India January 8, ANI Axis Ecorp, a real estate firm focused on premium developments in holiday homes and secondary housing segment, announced on Saturday that it will invest over 100 crore in the development of hotel apartments and luxury serviced villas near the upcoming Goa airport.

The project will be built on a 25 acre land located at Shindhudurg, Goa-Maharashtra border. It is located just 13 kms away from the upcoming MOPA International Airport in Goa.

The land was acquired recently by the company. The new project will consist of 150 serviced studio apartments, 70 luxury serviced villas and 100 built-to-suit planned developments.

The MOPA airport is expected to be a big game-changer for this region and is expected to spell boom for Goa and its peripheral areas, including Dodamarg. Nearly 50 percent of the work for the MOPA airport is already done and the project is expected to be ready by 2022, Aditya Kushwaha, CEO Director, Axis Ecorp, said in a statement.

Our new project in Shindhudurg, near the Goa-Maharashtra border, will have a massive boost to the local economy and increase the per capita income of the citizens owing to recent developments in the region. Kushwaha said that they are hoping that this will encourage more real-estate companies to invest in the region and develop world-class path-breaking projects.

Axis Ecorp's three projects - Axis Blues, Axis Yog Villas and Axis Lake City - are located in Dodamarg, Shindhudurg and have sold stocks worth Rs 213 crore in the past year. The company intends to expand to more cities that attract tourists by operating these luxury villas.