Ultra-luxury real estate market gains momentum

| | NEW delhi
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Ultra-luxury real estate market gains momentum

Wednesday, 30 October 2024 | PNS | NEW delhi

The ultra-luxury real estate segment in Delhi-NCR has been experiencing remarkable growth, driven by rising demand from affluent buyers seeking exclusive, high-end properties in prime locations. With areas like Golf Course Road, South Delhi, and Noida Expressway emerging as preferred destinations, developers are increasingly focusing on projects that offer premium amenities, innovative architecture, and unparalleled privacy.

KREEVA, the luxury real estate arm of Kanodia Group, has announced an ambitious expansion plan aimed at transforming the Delhi-NCR real estate landscape. Over the next 12-18 months, KREEVA will launch three ultra-luxury projects in prime NCR locations, aiming to generate an estimated revenue of INR 4000-6000 crore. The projects, featuring high-rise developments with state-of-the-art amenities, cater to affluent buyers and set new standards for luxury living.The five-year expansion strategy includes acquiring prime land across Golf Course Road, Southern Peripheral Road, South Delhi, and the Noida Expressway. Targeting high-end clientele, KREEVA plans to launch at least one flagship project each year, with a commitment to innovation, exclusivity, and sustainability.

Dr. Gautam Kanodia, Founder of KREEVA and Kanodia Group, stated, "We see immense potential in the evolving luxury market. Our projects will redefine luxury living through design excellence and sustainable practices." KREEVA CEO Mayank Jain added, "Our goal is to deliver projects that exceed market expectations, reinforcing KREEVA's position in the segment."

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