Moradia Terraço villas
Villa exterior at dusk
Luxury villa, North Goa
Moradia Terraço villa facade
Boutique luxury developer · North Goa

Homes thathonour Goa,built with intent.

Low-density villas and boutique residences, designed with care and delivered end to end.

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Heritage Goan house above the beach at sunset
A Goan home is where the soul exhales, where salt air and slow time turn a roof into a sanctuary.
The Solmar story

Built on local roots, delivered with precision.

Solmar Signature Developments was founded in Goa to build the kind of homes the coast deserves — few in number, carefully designed and properly delivered. We believe luxury is intentional, not incidental.

That means low-density sites, design-led architecture and disciplined execution. Founders Ajay Shetty and Varun Bandekar bring over 18 years of combined experience, and have delivered more than ₹35 crore of completed projects across North Goa.

₹35 Cr
Projects delivered
0%
On-time completion
18 yrs
Combined local expertise

Our guiding values

Intentional luxury

Low-density, purpose-built homes that prioritise privacy, design integrity and lasting value.

Conscious design

Specialist architects, contemporary tropical aesthetics and green building practice on every project.

Integrity in execution

Fixed fees, honest communication, disciplined timelines. We deliver what we promise, every time.

Deep local roots

Goa’s regulations, micro-markets and culture are our home ground — an edge no outsider can replicate.

Leadership

The people behind every site.

Two founders, one shared commitment to doing it properly — from the land all the way to handover.

Ajay Shetty, Co-Founder and Managing Director
Ajay Shetty
Co-Founder & Managing Director

Leads land acquisition, government approvals and capital strategy. Over a decade in Goa’s luxury real estate; more than ₹35 crore delivered. Deep local network, hands-on civic expertise.

Varun Bandekar, Co-Founder and CEO
Varun Bandekar
Co-Founder & Chief Executive Officer

Turns plans into finished homes. Eight years in premium construction and turnkey management, with over ₹55 crore of projects overseen. Drives site quality, sustainable building and on-time delivery.

What we do

From land to handover, under one roof.

Each service works on its own. Together they give you a single accountable team at every stage.

01

Land acquisition

We identify prime micro-locations and manage title clearance, technical assessments, JV structuring and negotiations.

02

Architecture & design

Specialist architects, contemporary tropical design, interiors, landscaping and 3D visualisation — end to end.

03

Regulatory compliance

TCP, CRZ, environmental clearances and RERA registration handled in-house — no outsourcing, no surprises.

04

Construction management

Verified contractors and strict phase checkpoints keep quality, material standards and timelines exactly on track.

05

Sales & positioning

Targeted digital campaigns, curated site visits and deal-structuring support bring each project to the right buyers.

06

Full project oversight

Monthly written progress reports, budget tracking and a professional handover with warranty support.

Now selling

Moradia Terraço

Four private villas in Sangolda–Guirim, where the energy of the coast meets the quiet of the countryside.

Moradia Terraço, the four villas together

A sanctuary crafted in harmony

Each villa: four bedrooms, private pool, covered parking, staff quarters, generous outdoor space.

Villa 1
Villa 1 · Moradia Terraço

Refined living rooted in Goan character

An elegant home with thoughtfully planned spaces across four levels.

Location

A quiet address, close to everything.

Sangolda–Guirim is one of North Goa’s most sought-after residential areas: established, peaceful and well connected. Schools, hospitals, cafés and restaurants are all nearby.

Private pools24/7 securityLandscaped gardensCovered parkingStaff quartersRainwater harvestingSolar optionsConciergeRental management
10min to Mapusa market
15min to Candolim & Calangute beaches
20min to Panaji city centre
25min to Goa International Airport

Completed projects

Three homes delivered in Anjuna — each on time, each with Solmar running everything end to end.

Pink Villa verandahPink Villa aerial

Pink Villa

Location
Anjuna, North Goa
Type
Independent 4-bedroom villa
Delivered
June 2023

Eco-conscious home combining Indo-Portuguese architecture with modern comforts. Solmar managed land acquisition, design and full construction.

Umravi Villas poolUmravi Villas aerial

Umravi Villas

Location
Anjuna, North Goa
Type
Four luxury villas
Delivered
March 2024

Four 4-bedroom villas overlooking Anjuna’s paddy fields, tailored to client needs with an eco-conscious approach. Solmar managed approvals, permissions and construction.

Anjuna Villa frontAnjuna Villa pool

Anjuna Villa

Location
Anjuna, North Goa
Type
Independent 4-bedroom villa
Delivered
August 2024

A luxury villa shaped around the client’s brief. Solmar handled land acquisition, permissions, architectural design and construction.

Signature villas

From ₹6 crore

Gated clusters of four to eight tropical-modern villas in prime North Goa locations — private pools, imported fixtures and generous outdoor space.

Luxury apartments

From ₹2.5 crore

Boutique low-rise residences with limited units, curated interiors and premium finishes for discerning buyers.

Invest with us

Partner with Solmar

Co-invest in a single, defined project

We work with a small circle of family offices and HNIs who want structured exposure to Goa’s boutique luxury market alongside a team that has already delivered. Capital partners co-fund the purchase and development of a specific site through a dedicated project company. Solmar always co-invests its own capital in every deal — so our incentives are fully aligned with yours.

  1. We share a project briefSite details, development plan and projected timeline — for your review before any commitment.
  2. Capital goes into a project companyA dedicated SPV acquires the land, keeping your investment ring-fenced to that site.
  3. Solmar builds and sellsWe manage design, approvals, construction and marketing end to end, while you receive monthly written updates.

Aligned from day one

We run execution. You get full visibility — a clear monthly picture of how your capital is deployed, construction milestones and sales progress — without carrying day-to-day risk. Terms are agreed per project and shared in private conversation, not on this page.

Minimum ticket size and project-specific terms are discussed directly. Every deal is structured individually to match the site, the timeline and the partner.

We invest alongside you

Solmar puts its own capital into every project. Our interests and yours are the same.

Full visibility, always

Partners receive a written monthly report — capital deployed, construction progress, sales status.

Terms set per project

Every deal is structured individually. We share the specifics in a private conversation.

Get in touch

Let’s talk.

Come and see the site in Guirim, talk through a project, or explore a partnership. WhatsApp is the fastest way to reach us.

Ajay Shetty
Co-Founder & Managing Director
Varun Bandekar
Co-Founder & Chief Executive Officer
General enquiriesinfo@solmar.co.in OfficeGuirim, North Goa, India HoursMonday – Saturday, 9 am – 7 pm IST · Sunday by appointment Site visitsPlease give 48 hours’ notice

Send us a message