Krisumi Corporation, a joint venture between Sumitomo Corporation and Krishna Group, will invest 300 INR-crore to develop approximately 400,000 SqFt as part of phase 2 of the 30.38-acre Krisumi City housing project in Gurugram’s Sector 36A.
The partners have already contributed the initial capital, aiming for a revenue target of 500 INR-crore. Krisumi Corporation plans to achieve a revenue of 1,200 INR-crore in the fiscal year 2023-24.
The company intends to deliver phase 1 possession starting in January 2024 with plans for phase 3 already underway. Construction for the second phase is currently in progress and expected to be completed within the next four years.
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Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.
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