Kanodia Group Aims for Rs 6000 Crore Revenue from Luxury Real Estate Ventures
Kanodia Group’s real estate venture, Kreeva, is eyeing a significant revenue target from its upcoming luxury projects in NCR. The company is set to launch several high-end real estate projects over the next 18 months, aiming to redefine the luxury housing
Real EstateLuxury HomesNcrRevenue TargetsKreevaReal Estate NewsOct 24, 2024
Gautam Kanodia, the founder of Kreeva and Kanodia Group, expressed his confidence in the evolving luxury housing market. 'We see tremendous potential in this segment and are committed to setting new benchmarks with our innovative designs, sustainable practices, and top-tier amenities. Our goal is to launch a series of high-profile luxury projects across the targeted geographies,' he said.
Kreeva plans to launch at least one major project each year, targeting affluent buyers who seek exclusive and ultra-luxury homes. These projects will feature state-of-the-art amenities and modern aesthetics, setting new standards for luxury living in high-growth areas.
Mayank Jain, CEO of Kreeva, outlined the company's five-year strategy. 'Our focus is clear to drive growth and set new standards in the luxury segment. We aim to acquire prime land in high-demand areas and use advanced construction technologies to deliver projects that exceed market expectations.'
Earlier this year, Kreeva acquired 1.74 acres of land in Sector 46, Gurugram, for Rs 153 crore. The company has recently partnered with Shapoorji Pallonji to develop a luxury housing project on this land, with an anticipated revenue of Rs 1200 crore.
Kanodia Group, founded by Gautam Kanodia, is a diversified business entity with interests in real estate, cement, and other sectors. The group's commitment to quality and innovation has been instrumental in its success. Kreeva, as the real estate arm, is poised to capitalize on the growing demand for luxury homes in NCR by leveraging the group's strong financial foundation and market expertise.
Frequently Asked Questions
What is Kreeva's revenue target for the next 18 months?
Kreeva is targeting a revenue of Rs 4,000 to 6,000 crore from its ultra-luxury real estate projects in the NCR over the next 12 to 18 months.
Where is Kreeva planning to acquire prime land?
Kreeva plans to acquire prime land in established sectors across Delhi-NCR, including Golf Course Road, Golf Course Extension Road, Southern Peripheral Road, South Delhi, and Noida Expressway.
Who is the founder of Kreeva and Kanodia Group?
Gautam Kanodia is the founder of both Kreeva and Kanodia Group.
What is the significance of Kreeva's partnership with Shapoorji Pallonji?
Kreeva's partnership with Shapoorji Pallonji is significant as it aims to develop a luxury housing project on the 1.74 acres of land acquired in Sector 46, Gurugram, with a targeted revenue of Rs 1200 crore.
How many major projects does Kreeva plan to launch annually?
Kreeva plans to launch at least one major luxury real estate project each year, focusing on affluent buyers seeking exclusive and ultra-luxury homes.
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