Kanodia Group, a prominent name in the cement business, has made a significant foray into the real estate sector with the acquisition of a 1.74-acre land parcel in Gurugram for ₹153 crore. The group intends to develop a luxury real estate project on this prime property located in Sector 46, Gurugram.
This strategic move is part of Kanodia Group’s larger plan to invest ₹5,000 crore over the next 5-7 years in the real estate sector. The acquisition signifies the group’s commitment to extending its legacy of 25 years by setting new standards of quality in both product and service delivery for its customers.
Gautam Kanodia, co-founder of Kanodia Group, expressed his enthusiasm about this acquisition, stating, “This marks our entry into the luxury residential space in the NCR market. We are dedicated to providing our valued customers with unparalleled quality and service.”
The group aims to generate revenue exceeding ₹1000 crore from this project, which is scheduled to be launched by the end of the year and completed within 48 to 60 months. The location of the land parcel near Medanta Hospital and Huda City Center Metro station adds to its appeal, offering convenience and accessibility to residents.
Kanodia Group is optimistic about the growth prospects in the luxury residential space in the NCR region and is committed to delivering the best experience to modern Indians through this venture.
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