Construction Industry News
Kanodia Group has taken an important step in the real estate market by acquiring a prime plot of land in Gurgaon. The 1.74-acre land, located in Sector 46, Gurgaon, was acquired for approximately Rs 153 crore.
The location of the acquired land is prime location due to its proximity to major sites and amenities. The site is located in Sector 46, Gurgaon, and is part of a small residential market known for its premium housing options.
Gautam Kanodia, Co-Founder, Kanodia Group said, “This acquisition marks our entry into the booming luxury residential space in the NCR market. We aim to extend our 25-year legacy by setting new quality standards in terms of product offering.” And services to our valued customers. We plan to generate revenues of over Rs 1000 crore from this project and the project is scheduled to be launched by the end of this year and is expected to be completed within 48 to 60 months. In addition, IKEA is also operational is developing a premium mixed-use project very close to this land.
The group has committed to invest over Rs 5,000 crore in the industry over the next 5-7 years with its commitment to launch a series of real estate projects with a global vision.
