Krisumi Corporation to invest Rs 2,000 crore in Gurugram residential project
Krisumi Corporation, a NCR-based real estate developer, will invest Rs 2000 crore in Phase 3 and Phase 4 of Krisumi City comprising 1051 luxury units in Sector 36A, Gurugram. The project will have a total developable area of 2.3 million square feet.
In addition, Krisumi will develop a club over 2 acres, with a built-up area of approximately 1,60,000 square feet in Sector 36A, Gurugram, entailing an investment of Rs 350 crore.
«We see ourselves not just as a real estate company but as a hospitality company aiming to deliver a 5-star lifestyle to the residents of Krisumi City,» said Mohit Jain, Managing Director, Krisumi Corporation. The company has received 1024 expressions of interest to buy, for our 1051 apartments available.
“We are now in the process of selecting buyer profiles for allotment. The current market trends show a significant shift towards larger, luxury apartments post-pandemic. We are confident in achieving a total revenue realization of Rs 4,000 crore," said Vineet Nanda, Director Sales and Marketing, Krisumi Corporation.
The funding for this project will come from a mix of equity contribution, sales proceeds, and internal accruals. Having received RERA approval earlier this year, construction activities commenced last month, with the project scheduled for completion by December 2029.
«Our partnership with Krishna Group reflects our shared vision of creating world-class living spaces in India. The success of our previous phases and the overwhelming response to our new launch reaffirm our belief
