By laksh5382 
Shapoorji Pallonji Real Estate (SPRE) has entered into a joint venture with Kanodia’s real estate venture Kriva to develop a luxury residential project in Gurugram with an estimated revenue potential of ₹1,200 crore.
Sector 46 is a premium residential locality within Gurugram.
The company said the project is spread over 1.74 acres and will have luxury apartments aimed at “discerning home buyers”.
The project will offer a blend of modern design, superior construction quality and latest amenities. This is the second project of the real estate arm of SP Group in Gurugram.
Venkatesh Gopalakrishnan, Director, MD and CEO, Group Promoter Office, said, “This collaboration is in line with our vision to expand our footprint in key markets across India, while also providing high-quality residential projects that cater to the growing demand for home buyers. meets the needs.” Shapoorji Pallonji Real Estate.
Gautam Kanodia, Co-Founder, Kanodia Group, said that by leveraging the combined strengths of both the companies, “We are confident about delivering a unique, world-class living experience that is the ultimate destination for luxury in one of the most prestigious locations of Gurugram. Sets a new standard.”
The project offers seamless connectivity to major business hubs, healthcare facilities, educational institutions and entertainment options in the NCR.
SPRE has a development potential of over 142 million sq ft, comprising projects across a variety of developments in Mumbai, Pune, Bengaluru, Gurugram and Kolkata, ranging from luxury apartments to aspirational homes for mid-income home buyers .
Kanodia Group is a diversified conglomerate with interests in cement, sanitation, building solutions, media and real estate.