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Krisumi Corp Begins Construction of Two Phases at Krisumi City in Gurugram
Sentiment: NeutralHigh Priority
What Happened?
Krisumi Corporation has launched construction on The Forest Reserve and The Forest Reserve-II in Gurugram, investing over ₹1,300 crore. The project aims to generate revenue exceeding ₹4,000 crore.
Key points
- The construction includes 542 residential units across two phases.
- Residences will range from approximately 2,166 sq. ft. to 3,993 sq. ft.
- Prices for the units will start at around ₹4.9 crore.
- The project is designed by Japanese firm Nikkei Sekkei.
- Krisumi City spans 33.38 acres and is located along the Dwarka Expressway.
- A report indicates a shift in India's residential market towards premium housing.
Key insights
- The project reflects a growing demand for luxury housing in India.
- Krisumi Corporation's investment may influence future real estate trends in the region.
- The development could lead to increased connectivity in Gurugram and Delhi.
Why it matters
This development could enhance the premium residential market in Gurugram, attracting more investments.
Tags
Entities
Krisumi Corporation· OrganizationGurugram· CitySumitomo Corporation· OrganizationKrishna Group· OrganizationNikkei Sekkei· OrganizationDwarka Expressway· Location
Source
Business Standard
