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The Kanodia Group, a well-known conglomerate, has entered the real estate sector by acquiring a prime 1.74-acre land in Gurgaon, valued at around INR 153 crore. This move marks their entry into the luxury residential market.
Situated in Sector 46, Gurgaon, the acquired land is located near key landmarks and amenities. Sector 46 is known for its premium housing options and is a well-established residential area in the National Capital Region (NCR).
The group plans to develop a high-end luxury project on this site, aiming to redefine luxury living with top-notch design, amenities, and service standards. Gautam Kanodia, Co-Founder of Kanodia Group, expressed excitement about the venture, stating that this acquisition marks their debut in the upscale residential segment in the NCR market. With a legacy of 25 years, they are committed to delivering unmatched quality and customer satisfaction.
Kanodia outlined ambitious revenue projections, targeting over INR 1,000 crore from the upcoming project. Scheduled for launch by the end of the year, the project is slated for completion within 48 to 60 months, offering a blend of exclusivity and modern living.
The strategic location of the acquired land near prominent facilities such as Medanta Hospital and Huda City Center Metro station further enhances its appeal. Additionally, the proximity to an upcoming premium mixed-use project by IKEA highlights the area's growth potential.
Emphasising the group's long-term vision, Kanodia highlighted plans for substantial investments exceeding INR 5,000 crore over the next 5-7 years. The group aims to consolidate its presence across Bihar, Haryana, Rajasthan, and Uttar Pradesh, while focusing on delivering innovative real estate solutions aligned with global standards.
Kanodia remarked on the future prospects of luxury real estate in the region, stating that they recognise the demand for luxury residences in the NCR, and they are committed to delivering unparalleled experiences to their discerning clientele.
As the group prepares to reveal its upcoming projects, it aspires to establish itself as a leading player in the professionally managed real estate segment.
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