Krisumi Group announces major investment to develop 1,051 luxury units in Gurugram
Krisumi Corporation, a leading real estate developer, is set to invest Rs 2000 crore in Phase 3 and Phase 4 of Krisumi City comprising 1,051 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 sq ft 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.
“The overwhelming response we've received highlights the market's demand for our unique offerings. We received 1,024 expressions of interest to buy, for our 1,051 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 in achieving a total revenue realization of Rs 4,000 crore,” said Vineet Nanda, Director, Sales and Marketing, Krisumi Corporation. “Looking ahead, we see a promising future as more buyers recognize the value of a comprehensive lifestyle that blends luxury with functionality.”
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.
Krisumi is a prominent developer in the Delhi-NCR region, a joint venture between Krishna Group and Japan’s Sumitomo Corporation. It is already developing several phases of Krisumi City, a self-sustained integrated township in Sector 36A, Gurugram.
