KREEVA to Invest ₹350-400 Crore in New Residential Project in Gurugram

NEW DELHI: KREEVA, the real estate arm of Kanodia Group, plans to invest ₹350-400 crore to develop a residential group housing project off Southern Peripheral Road in Gurugram. The company has entered into a joint development arrangement with the landowner for the project.

The development will span three acres and feature a built-up area of approximately 5.5 lakh sq ft. It is expected to offer approximately 200 residences. The project is likely to kick start towards the end of Q1 FY27.

This marks the company's entry into the multi-generational housing segment, a move that aligns with the growing trend of families looking for larger, more inclusive living spaces. KREEVA aims to cater to the needs of modern families by offering well-designed, sustainable homes that promote a high quality of life.

Kanodia Group, a prominent name in the Indian construction and real estate industry, has a strong track record of delivering large-scale projects on time and within budget. With this new venture, KREEVA is leveraging the group's expertise to create a landmark residential project in Gurugram, a rapidly growing city known for its vibrant economy and excellent connectivity.

The project is strategically located off Southern Peripheral Road, providing residents with easy access to major business districts, educational institutions, and healthcare facilities. The area is also known for its well-maintained parks and recreational spaces, making it an attractive location for families.

KREEVA's investment in Gurugram underscores the company's commitment to developing sustainable and community-focused projects. The project will incorporate modern amenities and green building practices to ensure a comfortable and eco-friendly living environment. The company is also focusing on creating a sense of community within the project, with shared spaces and facilities designed to foster interaction and social connections among residents.

As the real estate market in Gurugram continues to grow, KREEVA's new residential project is expected to meet the increasing demand for high-quality, affordable housing in the region. The company's strategic approach and strong financial backing from Kanodia Group position it well to deliver a project that meets the needs and expectations of homebuyers in Gurugram.

With the project expected to start in the coming months, KREEVA is already receiving inquiries from potential buyers. The company is confident that the project will attract a diverse range of homebuyers, from young professionals to multi-generational families looking for a comfortable and convenient living environment.

In conclusion, KREEVA's ₹350-400 crore investment in Gurugram is a significant move that reflects the company's commitment to innovation and quality in the real estate sector. The project is poised to become a benchmark for residential development in the region, offering a blend of modern amenities, sustainability, and community-focused design.