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KREEVA to invest INR 400 crore in new Gurugram housing project

#Builders & Projects#Residential#India#Haryana#Gurugram
Last Updated : 9th Apr, 2026
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Synopsis

KREEVA, the real estate arm of Kanodia Group, plans to invest around INR 400 crore to develop a residential project in Gurugram. The company has signed a joint development agreement for a 3-acre land parcel on Southern Peripheral Road. The project will include about 200 housing units with a total built-up area of 5.5 lakh sq ft. This move follows KREEVA's earlier partnership with Shapoorji Pallonji Real Estate in Gurugram, reflecting its continued focus on expanding presence in the Delhi-NCR residential market.

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KREEVA, the real estate arm of Kanodia Group, is planning to invest around INR 350-400 crore to develop a housing project in Gurugram as part of its expansion strategy in the Delhi-NCR market.


The company has entered into a joint development agreement with a landowner for a 3-acre land parcel located on Southern Peripheral Road, a key micro-market that has seen steady residential demand due to improving connectivity and infrastructure. The project will comprise around 200 housing units, with a total built-up area of approximately 5.5 lakh sq ft.

Founder Gautam Kanodia indicated that housing demand in Delhi-NCR continues to remain strong, particularly in emerging corridors such as Gurugram, which are witnessing increased interest from both end-users and investors.

This development builds on KREEVA's earlier move in Gurugram, where it partnered with Shapoorji Pallonji Real Estate (SPRE) in the past year to develop a residential project spread across 1.75 acres. The collaboration marked the company's entry into structured partnerships to scale its residential portfolio.

Kanodia Group operates across multiple sectors, including cement, building solutions, media and real estate. The group's growing focus on real estate development reflects a broader trend of diversified business houses strengthening their presence in the housing segment, particularly in high-demand regions like Delhi-NCR.

Source PTI
Next (Mumbai developers drive BMC revenues to INR 11,626 crore in FY26)

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