New Delhi, June 24: Krisumi Corporation is set to invest Rs 2,000 crore in Phase 3 and Phase 4 of Krisumi City comprising 1,051 luxury units in Sector 36A, Gurugram, Haryana. This investment is in addition to the land cost.
Spanning 5.88 acre, ‘Waterside Residences’ and ‘Waterfall Suites II’ will feature four towers with 1 BHK, 2 BHK, 3 BHK and 4 BHK penthouses ranging from 940 sqft to 10,316 sqft. The project boasts a total developable area of 2.3 million square foot (msf) built-up area.
Additionally, Krisumi will develop a state-of-the-art club over 2 acre, with a built-up area of approximately 1,60,000 sqft in Sector 36A, Gurugram, entailing an investment of Rs 350 crore.
“We have redefined luxury in Gurugram’s housing market by bringing high-end living into smaller sizes, a rarity in the NCR region. At Krisumi, we see ourselves not just as a real estate company but as a hospitality company aiming to deliver a 5-star lifestyle to the residents of Krisumi City. The concept and design of the clubhouse were my brainchild, and I have been deeply involved in every step of its development,” said Mohit Jain, managing director, Krisumi Corporation.
“The current market trends show a significant shift towards larger, luxury apartments post-pandemic. We are confident in achieving a total revenue realization of Rs 4000 crore,” said Vineet Nanda, director sales and marketing, Krisumi Corporation.
According to the official statement, the funding for this project will come from a mix of equity contribution, sales proceeds, and internal accruals. Having received RERA approval earlier this year, construction activities commenced last month, with the project scheduled for completion by December 2029.
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