Shapoorji Pallonji Real Estate, Kanodia to create 1.74-acre luxury project

17 Oct 2024 CW Team

Shapoorji Pallonji Real Estate (SPRE) has entered into a joint venture with Kreeva, the real estate arm of the Kanodia Group, to develop a luxury residential project in Gurugram, specifically at Sector 46.

Spanning 1.74 acre, the project will feature luxury apartments aimed at homebuyers in the National Capital Region (NCR), as stated by the company.

Venkatesh Gopalakrishnan, Director of the Group Promoter's Office and MD & CEO of SPRE, expressed excitement about the partnership with KREEVA, emphasizing the company's intention to bring their real estate development expertise to Gurugram’s Sector 46. He noted that this collaboration aligns with their vision of expanding their presence in key markets across India. Gopalakrishnan mentioned that this marks their second project in Gurugram and aims to create a landmark that will redefine the skyline of the area while offering an unparalleled living experience.

Gautam Kanodia, founder of Kreeva and co-founder of the Kanodia Group, indicated that the company is pleased to collaborate with SPRE on this luxury housing project. He expressed confidence that by combining the strengths of both companies, they would deliver a world-class living experience that establishes a new standard for luxury in one of Gurugram's most prestigious locations.

With a development potential exceeding 142 million square feet, Shapoorji Pallonji Real Estate has established a presence in numerous Indian cities, including Mumbai, Pune, Bengaluru, Gurugram, and Kolkata. Their diverse developments range from luxury apartments and opulent residences to aspirational homes for mid-income buyers, as well as one of the largest mass housing projects in India, according to the statement.

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