ASK, KREEVA, and Shapoorji Pallonji to Invest in Luxury Housing

11 Dec 2024 CW Team

ASK Property Fund, KREEVA, and Shapoorji Pallonji Real Estate have jointly committed over Rs 2.7 billion to a luxury residential project in Gurugram. This marks the initial investment in their collaborative venture. The project, located in Sector 46 of Gurugram and covering 1.74 acres, aims to redefine urban living within the National Capital Region's real estate landscape. It is expected to generate revenues exceeding Rs 12 billion over the next five years. Sector 46 is a well-established residential area, benefiting from proximity to major employment hubs and robust social infrastructure. Bhavin Jain, Chief Investment Officer of ASK Property Fund, expressed confidence in the project, citing its strategic location and strong revenue potential. He also emphasized the partnership with KREEVA and Shapoorji Pallonji as a way to effectively manage risks and create an attractive investment opportunity. Venkatesh Gopalakrishnan, Managing Director & CEO of Shapoorji Pallonji Real Estate, highlighted the collaboration as a step toward setting new standards in luxury living in the Delhi-NCR region, catering to the evolving preferences of discerning clients. Dr Gautam Kanodia, Founder of KREEVA, expressed excitement about the partnership, which he believes will accelerate the development of their flagship project in Sector 46 and support the company's growth in the luxury real estate market. (Financial Express)

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..