New Delhi, April 8 Kanodia Group's real estate firm, KREEVA, will invest around Rs 400 crore to develop a housing project in Gurugram as part of its expansion plan.
In a statement, the company said it has entered into a joint development agreement with a landowner to build this 3-acre project on Southern Peripheral Road in Gurugram.
KREEVA will construct 200 housing units with a total built-up area of 5.5 lakh sq ft.
The investment is estimated to be between Rs 350 and 400 crore.
Gautam Kanodia, Founder of KREEVA and Kanodia Group, stated that demand remains strong in the Delhi-NCR region.
In October 2024, Shapoorji Pallonji Real Estate (SPRE) formed a joint venture with KREEVA to develop a residential project, spanning 1.75 acres, in Gurugram.
The Kanodia Group is involved in diverse businesses, including cement, building solutions, media, and real estate, among others.