Ambitious Growth Targets for Delhi-NCR Market

New Delhi, October 24, 2024: In a bold move set to reshape the ultra-luxury real estate landscape, KREEVA, the real estate arm of the Kanodia Group, announced a massive expansion plan aimed at capturing the high-end market across Delhi-NCR. The company revealed plans to launch three premium projects over the next 12 to 18 months, targeting sales revenue between ₹4000 crore to ₹6000 crore. These projects, designed to cater to affluent buyers, will introduce a new era of luxury living in some of the region’s most prestigious locales.

A Five-Year Strategy for Prime Real Estate

KREEVA’s five-year growth strategy includes acquiring prime land in sought-after areas such as Golf Course Road, Golf Course Extension Road, Southern Peripheral Road, South Delhi, and the Noida Expressway. The company aims to launch at least one major luxury development annually, focusing on buyers seeking exclusivity and top-tier amenities. These properties will offer modern designs and cutting-edge technology, setting new benchmarks for high-end residential living.

Dr. Gautam Kanodia, Founder of KREEVA and Kanodia Group, emphasized the company’s focus on quality and innovation. “The luxury housing market is evolving, and KREEVA is ready to redefine the standards of high-end real estate. Our upcoming projects will be a testament to our commitment to luxury, sustainability, and customer satisfaction,” he stated.

Elevating the Luxury Real Estate Segment

KREEVA plans to invest heavily in land acquisition, construction technologies, and brand building to deliver ultra-luxury residential and commercial developments across Gurugram, New Delhi, and Noida. The company recently acquired 1.74 acres of prime land in Sector 46, Gurugram, for ₹153 crore, with a strategic partnership with Shapoorji Pallonji to develop a luxury housing project expected to generate ₹1200 crore in revenue.

CEO of KREEVA, Mayank Jain, explained the vision behind the company’s aggressive expansion. “Our five-year investment plan will drive growth in the ultra-luxury segment, setting new standards for design, construction, and customer experience. We are confident that by focusing on high-demand areas and utilizing state-of-the-art technologies, KREEVA will consistently exceed market expectations,” he added.

Reimagining Delhi-NCR’s Luxury Housing Market

With capital dedicated to land acquisition, project development, and research, KREEVA aims to elevate the real estate experience for its discerning clientele. The company’s emphasis on high-end living, sustainability, and architectural innovation will set it apart in a competitive market. By continually launching landmark developments, KREEVA will not only grow its brand presence but also transform the real estate market in Delhi-NCR.

About Kanodia Group

Kanodia Group, the parent company of KREEVA, boasts over three decades of experience in various sectors, including cement, hygiene, building solutions, media, and real estate. The Group has earned a reputation for delivering high-quality products and services, with an ambitious plan to further expand its reach across Delhi-NCR, Bihar, Haryana, and Uttar Pradesh. As a forward-thinking conglomerate, Kanodia Group remains committed to growth, innovation, and excellence.