KREEVA to develop 3 luxury housing projects in Delhi NCR, targets Rs 6000 cr topline – Money News

KREEVA, the real estate venture of the Kanodia Group, plans to develop three ultra-luxury housing projects in Delhi-NCR’s prime locations over the next 12 to 18 months. These high-rise developments are projected to generate revenues ranging from Rs 4000 crore to Rs 6000 crore, promising to redefine luxury living and enhance the brand’s stature in the premium real estate sector.

As part of its five-year strategic vision, KREEVA intends to secure prime land in well-established sectors across 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 significant project annually, catering to affluent buyers in search of exclusive, ultra-luxury residences. These apartments will feature top-tier amenities and contemporary designs, establishing new benchmarks for luxury living in these rapidly-developing areas.

Dr. Gautam Kanodia, Founder of KREEVA, Kanodia Group, and Kanodia Cement, remarked, “The luxury housing market is in a state of constant evolution, and we recognize the vast potential within this segment. With our dedication to innovation, design excellence, and sustainability, we aspire to set new standards in luxury real estate. Our objective is to roll out a series of prestigious luxury projects across the targeted regions. Through our expansion strategy, we aim to cultivate a brand synonymous with transforming the real estate landscape in Delhi-NCR while providing an unmatched customer experience.”

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Mayank Jain, CEO of KREEVA, said, “Our investment strategy for the next five years is robust, with a clear objective to foster growth while establishing new benchmarks in the luxury market. By concentrating on land acquisition in high-demand regions of Delhi-NCR and utilizing advanced construction technologies, we aspire to deliver projects that not only fulfill but surpass market expectations. This strategy will enable us to scale sustainably, ensuring that every project embodies the exclusivity and quality that KREEVA is dedicated to providing.”

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

Earlier this year, the Kanodia Group revealed its acquisition of 1.74 acres of land in Sector 46, Gurugram, for Rs 153 crore. The company has recently collaborated with Shapoorji Pallonji to create a luxury housing project on this site, aiming for a projected revenue of Rs 1200 crore.

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