Shapoorji Pallonji, KREEVA, and ASK Property Fund Launch Ambitious Residential Project in Gurugram
Shapoorji Pallonji, KREEVA, and ASK Property Fund have collaboratively launched a new residential project in Gurugram, projected to generate revenues of over ₹1400 crore over the next five years. This strategic partnership aims to redefine the residential real estate landscape in the region.
GurugramResidential ProjectShapoorji PallonjiKreevaAsk Property FundReal EstateMay 15, 2025
The project, strategically located in one of Gurugram's most sought-after areas, is designed to cater to the growing demand for high-quality living spaces. The development will feature a blend of modern amenities and sustainable living practices, ensuring that residents enjoy a comfortable and eco-friendly lifestyle. Key features include state-of-the-art security systems, well-maintained green spaces, and a range of recreational facilities.
Shapoorji Pallonji, a name synonymous with excellence in the construction industry, brings its decades of experience to the table. The company has a rich history of delivering landmark projects across India and is known for its commitment to quality and innovation. KREEVA, a leading real estate developer, adds its expertise in designing and developing contemporary residential communities. ASK Property Fund, a prominent real estate investment fund, brings the financial backing and market insights necessary to ensure the project's success.
The project's location is one of its key selling points. Gurugram, formerly known as Gurgaon, has emerged as a major economic hub in recent years, attracting a significant number of investors and professionals. The development is situated in a prime area, offering easy access to major road networks, public transport, and essential amenities. This makes it an attractive option for both first-time buyers and seasoned investors.
Sustainability is at the heart of the project's design. The developers have incorporated green building principles, including energy-efficient lighting, water conservation systems, and the use of sustainable materials. These features not only reduce the environmental impact but also offer long-term cost savings for residents.
The launch of this project comes at a time when the real estate market in Gurugram is experiencing a period of growth and optimism. The collaboration between Shapoorji Pallonji, KREEVA, and ASK Property Fund is expected to set new standards in the residential real estate sector. With a focus on quality, sustainability, and innovation, the project is poised to become a benchmark for future developments in the region.
For potential buyers, the project offers a unique opportunity to invest in a high-quality residential property in one of Gurugram's most desirable locations. The combination of premium amenities, sustainable living practices, and a prime location makes it an attractive option for those seeking a premium living experience.
In conclusion, the launch of this residential project by Shapoorji Pallonji, KREEVA, and ASK Property Fund marks a significant milestone in the real estate sector. The project's strategic location, focus on sustainability, and the expertise of the involved parties make it a compelling choice for both residents and investors. As the development progresses, it is expected to contribute significantly to the growth and development of Gurugram's real estate market.
Frequently Asked Questions
What is the expected revenue from the new residential project?
The project is expected to generate projected top-line revenues of over ₹1400 crore over the next five years.
Who are the key players involved in the project?
The key players involved in the project are Shapoorji Pallonji, KREEVA, and ASK Property Fund.
Where is the project located?
The project is located in a prime area of Gurugram, offering easy access to major road networks and essential amenities.
What are the key features of the project?
The project features state-of-the-art security systems, well-maintained green spaces, a range of recreational facilities, and incorporates green building principles.
Why is sustainability important for this project?
Sustainability is important as it reduces the environmental impact and offers long-term cost savings for residents. The project incorporates energy-efficient lighting, water conservation systems, and sustainable materials.
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