Krisumi to invest Rs 2000 cr in phase 3 & 4 of Krisumi City in Gurugram, eyes a topline of Rs 4000 cr
Krisumi Corporation is set to invest Rs 2000 crore in Phase 3 & Phase 4 of Krisumi City, comprising 1051 luxury units in Sector 36A, Gurugram, Haryana. This significant investment is in addition to the land cost.
Spanning 5.88 acres, ‘Waterside Residences’ and ‘Waterfall Suites II’ will feature four towers with 1-BHK, 2-BHK, 3-BHK, and 4-BHK penthouses ranging from 940 sq. ft to 10,316 sq. ft. The project boasts a total developable area of 2.3 million square feet (built-up area).
In addition, Krisumi will develop a state-of-the-art 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 have redefined luxury in Gurugram’s housing market by bringing high-end living into smaller sizes, a rarity in the NCR region. At Krisumi, 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. The concept and design of the clubhouse were my brainchild, and I have been deeply involved in every step of its development,” said Mohit Jain, Managing Director, Krisumi Corporation.
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“The overwhelming response we’ve received highlights the market’s demand for our unique offerings. We received 1024 expressions of interest to buy, for our 1051 apartments available, all in a single day. 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 of achieving a total revenue realization of Rs 4000 crore,” said Vineet Nanda, Director Sales and Marketing, Krisumi Corporation.
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