Shapoorji Pallonji and KREEVA Partner on Luxury Housing Development in Gurugram, Aiming for Rs 1,200 Crore Revenue
Shapoorji Pallonji has partnered with Kanodia’s real estate arm, KREEVA, to develop a luxury residential project in Gurugram, one of India's premium real estate markets. The project, located in Sector 46, is set to generate a topline revenue of Rs 1,200 crore. Spanning 1.74 acres, this new development aims to cater to high-end homebuyers looking for modern design, superior construction, and state-of-the-art amenities. With seamless connectivity to the National Capital Region's business hubs, healthcare facilities, educational institutions, and entertainment options, the project offers a promising investment opportunity for homebuyers and investors alike.
Gurugram, often recognized as a strategic hub for luxury residential projects, has seen a surge in demand for high-end housing. Sector 46, where this project is located, has already established itself as a coveted area due to its proximity to key commercial zones and accessibility to major highways and metro stations. For the developers, this is an opportunity to tap into the premium segment of the real estate market, attracting buyers looking for comfort, exclusivity, and long-term value.
This collaboration marks Shapoorji Pallonji Real Estate’s second venture in Gurugram, highlighting their commitment to expanding their presence in India’s key real estate markets. The company’s strategy focuses on developing premium residential projects that provide a high-quality living experience. The project in Sector 46 aligns with the broader trend of real estate developers targeting urban centers, where the demand for luxury housing is growing, driven by both domestic buyers and NRIs seeking investment opportunities.
The collaboration with KREEVA aligns with the vision of both companies to deliver a world-class residential experience. Combining Shapoorji Pallonji’s expertise in real estate development with KREEVA’s local market knowledge, the project is expected to set a new benchmark for luxury housing in Gurugram. The development will feature spacious apartments designed to meet the needs of the modern homebuyer, with a focus on providing privacy, comfort, and lifestyle amenities. The project also emphasizes sustainable living, incorporating energy-efficient systems and environmentally friendly practices that appeal to eco-conscious buyers.
The project’s launch comes at a time when the Indian real estate market is witnessing a revival, particularly in the luxury segment. Gurugram remains a top choice for high-net-worth individuals, corporate executives, and investors due to its infrastructure, lifestyle offerings, and strong property appreciation. With robust demand for high-quality residential properties, developers like Shapoorji Pallonji are positioned to benefit from the ongoing growth in this sector.
Moreover, the collaboration between Shapoorji Pallonji and KREEVA signals a growing trend of joint ventures in the real estate industry. By pooling resources and expertise, companies can reduce risks and increase efficiency, ultimately delivering better products to the market. This partnership is expected to enhance both companies’ portfolios, providing them with greater market reach and stronger brand recognition in the NCR region.
With spacious layouts, premium fittings, and a host of amenities such as a clubhouse, fitness center, and landscaped gardens, the development aims to provide a holistic living experience. The project will also benefit from its strategic location, offering residents easy access to top schools, hospitals, shopping malls, and entertainment venues. This combination of luxury, convenience, and connectivity makes the project a compelling option for prospective buyers.
The luxury housing market in India is evolving, with buyers increasingly looking for homes that offer not just living space but also a lifestyle. The Gurugram project by Shapoorji Pallonji and KREEVA is well-positioned to meet these expectations, delivering homes that combine aesthetics, functionality, and comfort.
