KREEVA Launches Ultra-Luxury Real Estate Expansion Plan across Delhi-NCR 

New Delhi / October 24, 2024: KREEVA, the real estate venture of Kanodia Group, has announced its business expansion plan on Friday. With a strong emphasis on innovation, quality, and a customer-centric approach, the company is working on an exciting lineup of three ultra-luxury projects in prime locations across NCR over the next 12-18 months. Expected to generate approximately Rs 4000-6000 crore in revenue, the company said in a press statement.

As part of its five-year strategy, KREEVA aims to acquire prime land in established sectors across Delhi-NCR, including Golf Course Road, Golf Course Extension Road, Southern Peripheral Road, South Delhi, and Noida Expressway. The company plans to launch at least one major project each year, targeting affluent buyers seeking exclusive, ultra-luxury homes. These apartments will offer high-end amenities and modern aesthetics, setting new standards for luxury living in these high-growth areas, the statement added.

Dr. Gautam Kanodia, Founder of KREEVA, Kanodia Group, and Kanodia Cement, said, “The luxury housing market is constantly evolving, and we see immense potential in this segment. With a commitment to innovation, design excellence, and sustainability, we aim to set new benchmarks in luxury real estate. Our goal is to launch a series of high-profile luxury projects across the targeted geographies. Through our expansion plan, we aim to build a brand recognized for transforming the real estate landscape across Delhi-NCR and delivering an unparalleled customer experience.”

Mayank Jain, CEO of KREEVA, added, “With a strong investment plan for the next five years, our focus is clear: to drive growth while setting new standards in the luxury segment. By targeting land acquisition in high-demand areas of Delhi-NCR and leveraging state-of-the-art construction technologies, we aim to deliver projects that not only meet but exceed market expectations. This plan will allow us to scale sustainably while ensuring that each project reflects the exclusivity and quality that KREEVA commits to.”

With capital allocated for land acquisition, project development, and research & brand building, KREEVA aims to deliver high-end luxury residential and commercial projects in Gurugram, New Delhi, and Noida.

Earlier this year, Kanodia Group announced the acquisition of 1.74 acres of land in Sector 46, Gurugram, for Rs 153 crore. The company recently partnered with Shapoorji Pallonji to develop a luxury housing project on the land, with a targeted revenue of Rs 1200 crore, the statement added.