Kreeva to Invest Over ₹1,050 Crore in Luxury Housing Project in South Delhi
Kreeva, part of the Kanodia Group, announces a ₹1,050 crore investment in a luxury residential project in South Delhi, featuring 114 skyvilla units.
Introduction to Kreeva's New Project
Kreeva, the real estate venture of the Kanodia Group, has announced a significant investment of over ₹1,050 crore in a luxury residential project located near New Friends Colony in South Delhi. This ambitious development is set to redefine luxury living in one of the capital's most sought-after neighborhoods.
Project Details
The project is backed by a substantial ₹260 crore investment from ASK Property Fund, the real estate investment arm of ASK Asset & Wealth Management Group. The land for this development was acquired for approximately ₹350 crore, and construction is slated to commence by the end of August 2026.
Luxury Living Redefined
Spanning nearly five lakh square feet, the project will feature 114 luxury skyvilla units. These units will offer a variety of spacious layouts, including 3.5 BHK units of about 3,700 sq ft, 4.5 BHK units of 4,500 sq ft, and 5.5 BHK units of 5,500 sq ft, catering to diverse lifestyle needs.
Conclusion
This investment by Kreeva marks a significant step in enhancing the luxury housing market in South Delhi, promising to deliver high-quality living spaces that meet the demands of affluent buyers.
Frequently Asked Questions
What is the total investment amount for Kreeva's new housing project?↓
Kreeva plans to invest over ₹1,050 crore in its luxury residential project in South Delhi.
When is the construction of the project expected to start?↓
Construction for the project is expected to begin by the end of August 2026.
How can renters find suitable properties in South Delhi?↓
Renters can use rental apps like TheBrik, which helps users find and secure rental properties efficiently in various locations, including South Delhi.