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Established business group Kanodia Group has announced an expansion into the Indian real estate market. This move marks a strategic diversification beyond their existing presence in cement, hygiene, and building solutions.
Kanodia Group plans to develop both residential and commercial projects, leveraging their expertise in allied sectors. The company aims to set new standards for quality and innovation, creating world-class living and working spaces with a total capacity of 4.2 million tonnes per annum. Their commitment to sustainability will ensure projects are built with a focus on environmental responsibility.
Kanodia Group recognizes the rising demand for modern and high-quality housing and commercial spaces in India's urban areas. Their entry into the real estate sector aims to address this growing need by offering innovative and well-designed projects.
Kanodia Group's real estate venture will initially focus on developing National Capital Region (NCR) projects. This strategically chosen location offers a strong market for both residential and commercial properties. Following success in the NCR, the company plans to expand its real estate footprint to other regions in India.
Kanodia Group is committed to this new venture, with plans to invest over INR 5,000 crore by 2028. This significant investment will be used to acquire land and develop state-of-the-art residential and commercial projects. The company's vision is to contribute to India's growth and development by providing high-quality living and working environments.
Kanodia Group brings a wealth of experience and expertise to the real estate sector. Their established presence in cement production (with a total capacity of 4.2 million tonnes per annum and plans to establish two new grinding units with a capacity of 5 million tonnes per annum), hygiene products, and building solutions provide a strong foundation for success. By leveraging their knowledge and established relationships within the construction industry, Kanodia Group is well-positioned to significantly impact the Indian real estate market.
Kanodia Group's entry into real estate is a positive development for the Indian market. Their focus on quality, innovation, and sustainability aligns well with growing consumer preferences. With their ambitious plans, significant investment, and commitment to excellence, Kanodia Group is set to become a major player in the Indian real estate sector in the years to come.
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