Shapoorji Pallonji, KREEVA, and ASK Property Fund Launch Residential Project in Gurugram
In a significant move, Shapoorji Pallonji, KREEVA, and ASK Property Fund have joined forces to launch a new residential project in Gurugram. The project, set to generate projected top-line revenues of over ₹1400 crore over the next five years, promises to revolutionize the real estate landscape in the region.
GurugramShapoorji PallonjiKreevaAsk Property FundResidential ProjectReal Estate MumbaiMay 15, 2025
Shapoorji Pallonji, a leading name in the Indian real estate and construction industry, has a rich history dating back to 1932. Known for its commitment to quality and innovation, the company has delivered numerous iconic projects across the country. KREEVA, a Gurugram-based real estate developer, has gained recognition for its modern and eco-friendly housing solutions. ASK Property Fund, a real estate investment firm, brings financial expertise and a strong track record of successful ventures.
The residential project, located in a prime area of Gurugram, will comprise high-end apartments, villas, and community amenities. The development will adhere to sustainable building practices, incorporating green spaces and energy-efficient features. The project aims to provide a comfortable and luxurious living experience for residents, with easy access to essential services, transportation, and recreational facilities.
Gurugram, a rapidly growing city in Haryana, is known for its thriving business environment and modern infrastructure. The city's proximity to Delhi and its well-connected transport network make it an attractive destination for both residents and investors. The new residential project is expected to further boost the city's real estate market, creating new opportunities for growth and development.
Commenting on the launch, a spokesperson from Shapoorji Pallonji said, 'This project represents our commitment to delivering world-class residential developments that enhance the quality of life for our residents. We are excited to partner with KREEVA and ASK Property Fund to bring this vision to life in Gurugram, a city that is poised for significant growth in the coming years.'
KREEVA's CEO added, 'Our collaboration with Shapoorji Pallonji and ASK Property Fund will set new standards for residential projects in Gurugram. We are dedicated to creating a community that not only meets but exceeds the expectations of discerning homebuyers.'
The project is expected to attract a diverse range of buyers, including young professionals, families, and investors looking for a lucrative investment opportunity. With a focus on sustainability and modern living, the development is poised to become a benchmark for future residential projects in the region.
Construction is scheduled to begin in the coming months, with the first phase of the project expected to be completed within the next two years. The project will be marketed through a comprehensive campaign, reaching out to potential buyers and investors through various channels, including online platforms, traditional media, and real estate exhibitions.
In conclusion, the launch of this new residential project in Gurugram by Shapoorji Pallonji, KREEVA, and ASK Property Fund is a testament to the growing potential of the city's real estate market. With a focus on quality, sustainability, and innovation, the project is set to make a significant impact on the local community and the broader real estate landscape.
Frequently Asked Questions
What is the projected revenue for the new residential project in Gurugram?
The new residential project is expected to generate projected top-line revenues of over ₹1400 crore over the next five years.
Who are the partners involved in the new residential project in Gurugram?
The partners involved in the new residential project in Gurugram are Shapoorji Pallonji, KREEVA, and ASK Property Fund.
What type of residential units will be included in the project?
The project will include high-end apartments, villas, and community amenities, providing a luxurious living experience for residents.
What makes Gurugram an attractive location for this residential project?
Gurugram is a rapidly growing city known for its thriving business environment, modern infrastructure, and proximity to Delhi, making it an attractive destination for residents and investors.
When is the construction of the new residential project expected to begin?
Construction is scheduled to begin in the coming months, with the first phase of the project expected to be completed within the next two years.
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