Shapoorji Pallonji Real Estate Unveils Joint Venture Luxury Housing Project in Gurugram.

Shapoorji Pallonji Real Estate (SPRE) has announced a joint venture with Kanodia Group's real estate venture, KREEVA, to develop a luxury residential project in Gurugram, targeting an estimated revenue potential of ₹1,200 crore. The project will be located in Sector 46, a premium residential area in Gurugram.

Spread across 1.74 acres, the development will feature luxury apartments designed for discerning homebuyers, offering a blend of modern architecture, superior construction quality, and state-of-the-art amenities. This marks the second project by SPRE in Gurugram.

“This collaboration aligns with our vision to expand our presence in key markets across India while delivering high-quality residential projects that meet the evolving needs of homebuyers,” said Venkatesh Gopalakrishnan, Director, Group Promoter’s Office, MD & CEO of Shapoorji Pallonji Real Estate.

Gautam Kanodia, co-founder of Kanodia Group, expressed confidence in the partnership, stating, “By leveraging the strengths of both companies, we are poised to deliver an unparalleled, world-class living experience that sets a new standard for luxury in one of Gurugram’s most prestigious locations.”

The project promises seamless connectivity to major business hubs, healthcare facilities, educational institutions, and entertainment options throughout the National Capital Region (NCR).

SPRE boasts a development potential of over 142 million square feet across various cities, including Mumbai, Pune, Bengaluru, Gurugram, and Kolkata, with a diverse portfolio ranging from luxury apartments to affordable homes for mid-income buyers. Kanodia Group is a diversified entity with interests spanning cement, hygiene, building solutions, media, and real estate.

HBL