KREEVA Announces Luxury Residential Project In South Delhi With Total Investment In Excess Of Rs 1050 Crore
New Delhi, July 2, 2026: KREEVA, the real estate venture of Kanodia Group, has announced its official arrival in the South Delhi market with an ultra-luxury residential project located near New Friends Colony. The development, which commands an expected investment of approximately Rs. 1,050 crores, further strengthens the company’s presence in one of the country’s most prestigious housing markets, KREEVA said in a press release.
The project is backed by a Rs. 260 crore investment from ASK Property Fund, the real estate investment arm of the Blackstone-backed ASK Asset & Wealth Management Group. Management noted that the partnership reflects strong institutional conviction in KREEVA’s development philosophy and the sustained demand outlook for luxury housing across the Delhi-NCR region.
The project will be developed on a prime South Delhi land parcel that was acquired earlier for approximately Rs. 350 crores. Spread across nearly 5 lakh square feet, the development is designed as a luxury skyvillas community comprising 114 bespoke units. Construction is scheduled to kick start by the end of August 2026.
The development will feature thoughtfully designed 3.5 BHK units of around 3,700 square feet, 4.5 BHK units of 4,500 square feet, and 5.5 BHK units of 5,500 square feet. Complemented by a curated selection of premium amenities and lifestyle offerings spread across 1.5 lakh square feet, the amenities will be designed and operated by global partners. The project is conceived to deliver an elevated luxury living experience while ensuring comfort, convenience, and a superior quality of life.
“South Delhi has always enjoyed a certain legacy and desirability, but the way people define luxury today has evolved considerably. Buyers are seeking larger homes, curated amenities and a sense of community that enriches everyday life. Our new development is a response to these changing preferences and reflects our conviction in the market’s long-term potential. At KREEVA, we are focused on creating residences that are timeless in their appeal and thoughtful in their design, while delivering experiences that homeowners will value for years to come. We are excited to bring another landmark address to one of the country’s most coveted neighbourhoods,” said Dr. Gautam Kanodia, Founder of KREEVA and Kanodia Group.
While South Delhi has traditionally been characterized by independent floors and plotted residences, this project aims to address the changing preferences of affluent homebuyers seeking larger living spaces, enhanced security, professionally managed environments, and integrated community living. With this development
