Kanodia group firm KREEVA to invest Rs 400cr on new housing project in Gurugram

Kanodia Group's realty 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 build 200 housing units with built-up area of 5.5 lakh sq ft.


The investment is estimated at Rs 350-400 crore.

Gautam Kanodia, Founder of KREEVA and Kanodia Group, said the demand continues to be strong in Delhi-NCR.

In October 2024, Shapoorji Pallonji Real Estate (SPRE) formed a joint venture with KREEVA to develop a residential project, spread over 1.75 acre, in Gurugram.

Kanodia Group is into diverse businesses, including cement, building solutions, media and real estate, among others.