Krisumi Corp JV to develop Rs 650 cr realty project in Gurugram

09 Mar 2021 Editorial Team

Both the companies will have a 50-50 stake in the JV, which was formed in 2018. The JV is developing its first project, spread over 65-acre land parcels, in Gurugram on Dwarka Expressway. The first phase, called ''Krisumi Waterfall Residences'', is spread over 5 acres of land, comprising 433 luxury apartments. The apartments are being sold in the price range of Rs 1.5-3 crore.

Krishna Group has witnessed strong demand from both end-users and investors and expects a further increase in demand with the Dwarka Expressway's completion.

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

Sales during the October-December quarter in 2020 were better on pent-up and festive demand, and the momentum has continued in the first quarter of the 2021 calendar year as well, especially for those developers who have a better track record of executing projects on time.

According to a report by housing brokerage firm PropTiger, housing sales fell 47% in 2020 to 1,82,639 units from 347,586 units in the previous year across eight major cities—Delhi-NCR, Mumbai Metropolitan Region (MMR), Ahmedabad, Pune, Chennai, Bengaluru, Hyderabad, and Kolkata.

Krishna Group is one of the leading auto component manufacturers in India. Business conglomerate Sumitomo Corporation, a member company of the Sumitomo Group, has delivered over 300 projects across Japan, USA, China and Indonesia, and now entered the Indian real estate market.

Image Source

Also read: Parking facility at no extra cost for Gurugram affordable projects

Also read: Joyville Shapoorji to invest Rs 400 cr in Gurugram housing project

Real estate firm Krisumi Corporation, a joint venture (JV) between India's Krishna Group and Japanese firm Sumitomo Corporation, will develop a 65 acre project in Gurugram over the next 10 years, at an investment of Rs 650 crore for the construction of over 400 flats in the first phase of the project. Both the companies will have a 50-50 stake in the JV, which was formed in 2018. The JV is developing its first project, spread over 65-acre land parcels, in Gurugram on Dwarka Expressway. The first phase, called ''Krisumi Waterfall Residences'', is spread over 5 acres of land, comprising 433 luxury apartments. The apartments are being sold in the price range of Rs 1.5-3 crore. Krishna Group has witnessed strong demand from both end-users and investors and expects a further increase in demand with the Dwarka Expressway's completion.4th Indian Cement Review Conference 202117-18 March Click for event info Sales during the October-December quarter in 2020 were better on pent-up and festive demand, and the momentum has continued in the first quarter of the 2021 calendar year as well, especially for those developers who have a better track record of executing projects on time. According to a report by housing brokerage firm PropTiger, housing sales fell 47% in 2020 to 1,82,639 units from 347,586 units in the previous year across eight major cities—Delhi-NCR, Mumbai Metropolitan Region (MMR), Ahmedabad, Pune, Chennai, Bengaluru, Hyderabad, and Kolkata. Krishna Group is one of the leading auto component manufacturers in India. Business conglomerate Sumitomo Corporation, a member company of the Sumitomo Group, has delivered over 300 projects across Japan, USA, China and Indonesia, and now entered the Indian real estate market. Image Source Also read: Parking facility at no extra cost for Gurugram affordable projects Also read: Joyville Shapoorji to invest Rs 400 cr in Gurugram housing project

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..