Kreeva Launches Multi-Generational Housing Project in Gurugram
Kreeva, the luxury real estate arm of Kanodia Group, has entered into a join venture to develop a multi-generational housing project
The Economic Times
Image: The Economic Times
Kreeva, the luxury real estate arm of Kanodia Group, has announced a joint venture to develop a multi-generational housing project in Gurugram, India. Spanning 3 acres with an investment of approximately ₹350-400 crore (roughly $42-48 million USD), the project will feature around 200 residences, including options for senior living.
- 01Kreeva's new project will cover 3 acres with a built-up area of approximately 5.5 lakh sq. ft.
- 02The estimated investment for the project is between ₹350-400 crore (roughly $42-48 million USD).
- 03Around 200 residences will be developed, with some dedicated to senior living.
- 04The project aims to address the growing demand for multi-generational housing in India.
- 05Gurugram's Southern Peripheral Road area is experiencing steady residential growth due to its strategic location.
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Kreeva, the luxury real estate division of Kanodia Group, has entered a joint venture to develop a multi-generational housing project in Gurugram, India. The project will span 3 acres and include a built-up area of approximately 5.5 lakh sq. ft. with an estimated investment of ₹350-400 crore (around $42-48 million USD). It aims to provide around 200 residences, with a portion designated for senior living. Gautam Kanodia, founder of Kreeva, emphasized the importance of creating spaces that foster family connections across generations while allowing for individual lifestyles. This initiative reflects a significant shift in India's residential market, where multi-generational and senior living options are increasingly sought after due to demographic changes and evolving family structures. The project is strategically located along Southern Peripheral Road in Gurugram, an area noted for its connectivity and developing social infrastructure.
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This project will provide new housing options for families in Gurugram, particularly catering to multi-generational living and senior residents, enhancing community living.
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