KREEVA to develop 3 luxury housing projects in Delhi NCR, targeting a topline of Rs 6,000 cr – Money News

KREEVA, the real estate venture of Kanodia Group, plans to develop three ultra-luxury residential projects in prime locations of Delhi-NCR over the next 12 to 18 months. These high-rise developments are expected to generate revenues ranging from Rs 4,000 crore to Rs 6,000 crore, which promises to redefine luxury living and strengthen the brand’s status in the premium real estate sector.

As part of its five-year strategic vision, KREEVA plans to secure prime land in established sectors in Delhi-NCR, including Golf Course Road, Golf Course Extension Road, Southern Peripheral Road, South Delhi and the Noida Expressway. The company aims to introduce at least one major project annually, targeting affluent buyers seeking exclusive, ultra-luxury homes. These apartments will feature premium amenities and contemporary designs, setting new standards for luxury living in these rapidly developing areas.

Dr. Gautam Kanodia, Founder of KREEVA, Kanodia Group and Kanodia Cement, commented: “The luxury homes market is in a state of constant evolution and we recognize the enormous potential within this segment. With our commitment to innovation, design excellence and sustainability, we strive to set new standards in luxury real estate. Our aim is to roll out a series of prestigious luxury projects in the targeted regions. Through our expansion strategy, we aim to cultivate a brand that is synonymous with transforming the real estate landscape in Delhi-NCR while delivering an unparalleled customer experience.”

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Mayank Jain, CEO, KREEVA, said: “Our investment strategy for the next five years is robust, with a clear objective to drive growth while setting new benchmarks in the luxury market. By focusing on land acquisition in the high-demand regions of Delhi-NCR and utilizing cutting-edge construction technologies, we aim to deliver projects that not only meet but exceed market expectations. This strategy will enable us to scale sustainably and ensure that each project embodies the exclusivity and quality that KREEVA aims to deliver.”

With funds earmarked for land acquisition, project development and brand enhancement, KREEVA aims to revolutionize the real estate sector by offering high-end luxury residential and commercial developments in Gurugram, New Delhi and Noida.

Earlier this year, Kanodia Group announced the purchase of 1.74 hectares of land in Sector 46, Gurugram, for Rs 153 crore. The company recently collaborated with Shapoorji Pallonji to create a luxury residential project at this location, targeting an expected turnover of Rs 1,200 crore.