Kanodia Group Invests Rs 400 Cr in Gurugram Housing

Kanodia Group is expanding its presence in the real estate industry by launching a luxury brand KREEVA and concentrating on specialized housing markets.

The company has made a strategy to invest more than 5,000 crore in real estate by 2028, a strategic diversification to its traditional cement and building materials business. In this expansion, the group is planning a high-end residential project on the Southern Peripheral Road (SPR) of Gurugram, which is set to cost between 350 and 400 crore.

Key Highlights

• Kanodia Group plans Rs 5,000 crore real estate investment via KREEVA
• Rs 350–400 crore project in Gurugram targets senior and multi-generational housing
• Strong growth opportunity driven by rising senior population and niche housing demand

The development will be spread over three acres, with approximately 200 homes that are set to accommodate multi-generational living and senior residents with an opportunity to shift towards demographic-driven real estate.

Gautam Kanodia, Founder, KREEVA and Kanodia Group, said, “At KREEVA, we believe the way people live is evolving rapidly. Today’s consumers are seeking environments that offer not just comfort but a deeper sense of connection, independence, and overall well-being. We see a growing need for spaces where families can stay connected across generations, while still maintaining their own individuality and lifestyle preferences. Our approach is to create ecosystems that respond to these evolving expectations—where design, wellness, and community come together in a seamless and meaningful way. This development reflects our belief that the future of housing lies in creating environments that are intuitive, inclusive, and built around how people truly want to live.”

The move aligns with India’s evolving demographic landscape, where the senior population is expected to reach 231 million by 2036. Although the organized senior living has grown, it has been hugely underpenetrated, leaving developers with a huge opportunity. At the same time, the need in multi-generational houses is also increasing because families want to have a combined, yet adaptable living style.

Also Read: Birla Estates Hits Rs 1,600 Cr Sales in Gurugram Project

The strategic value of the location of the project is the fact that it is on the SPR corridor, which has an excellent infrastructure, connectivity to other business hubs, and the current expansion of the metro. Kanodia Group has collaborated with Shapoorji Pallonji Real Estate to tap into development expertise and execution abilities.

As the senior living market is expected to expand at an unparalleled pace in the next few years, the targeted approach will enable KREEVA to leverage into emerging lifestyle trends and pursue long-term demand and value creation.