Krisumi Corporation Aims for ₹4,000 Crore Revenue from Gurugram Project
Krisumi Corporation targets Rs 4,000 crore revenue from real estate project in Gurugram
The Economic TimesImage: The Economic Times
Krisumi Corporation, a joint venture between Japan's Sumitomo Corporation and India's Krishna Group, anticipates ₹4,000 crore (approximately $480 million USD) in revenue from the next phase of its real estate project, 'The Forest Reserve,' in Gurugram, Haryana, India. The project emphasizes Japanese architectural principles and aims to create a mini-Japanese township.
- 01Krisumi Corporation expects ₹4,000 crore in revenue from 'The Forest Reserve' project in Gurugram.
- 02The project spans 1.67 million sq. ft. and focuses on Japanese architectural principles.
- 03Krisumi City has seen property prices rise from ₹8,500 to ₹24,000 per sq. ft. over the past decade.
- 04The development is strategically located near key infrastructure and business districts.
- 05The project will include various residential options inspired by Japanese philosophy.
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Krisumi Corporation, a collaboration between Japan’s Sumitomo Corporation and India’s Krishna Group, is set to generate ₹4,000 crore (approximately $480 million USD) in revenue from its latest real estate venture, 'The Forest Reserve,' located in Gurugram, Haryana, India. This new phase will cover 1.67 million sq. ft. and adhere to Japanese architectural principles, aiming to create a mini-Japanese township. Chairman Ashok Kapur noted that about 25% of the current residents in the previously delivered phases are Japanese, reflecting the project's international appeal. The property prices in Krisumi City have surged from ₹8,500 per sq. ft. at launch to around ₹24,000 per sq. ft. today, indicating strong market demand and value creation. The project is strategically positioned near the upcoming Global City and key transport corridors, enhancing its attractiveness for potential buyers. With the launch of its fifth and sixth phases, Krisumi aims to further capitalize on this growth, offering various residential options inspired by the Japanese philosophy of Chinju-no-mori, which emphasizes the importance of sacred forests.
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The development of 'The Forest Reserve' is expected to boost local real estate values and attract more residents, enhancing the overall economic landscape of Gurugram.
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