Kanodia Group, known for its cement business, has recently made a significant move into the real estate sector. The company announced on Tuesday, April 16, that they have acquired an anticipated 1.74 Acres of land in Gurugram, at an estimated INR 153 Crore.
The company plans to develop a luxury residential project on this prime piece of real estate, with a targeted revenue of INR 1,000 Crore. The project is situated in Sector 46 of Gurugram, near Medanta Hospital and the Huda City Center Metro station. It will be launched by the end of this year and is expected to be completed within 48 to 60 months.
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Kanodia Group is committed to investing more than INR 5,000 Crore in the industry over the next 5-7 years, launching a series of real estate projects with a global outlook. Their foray into luxury housing aims to offer the best experience to the end users. This venture by Kanodia Group further reflects its ambition to create high-end living spaces in Gurugram.
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