KREEVA to Invest ₹1,100 Crore in South Delhi Luxury Housing Project

KREEVA, the real estate division of the Kanodia Group, has announced a significant investment of ₹1,100 crore to develop a high-end residential project in South Delhi. This move forms a key part of the company’s broader expansion strategy within the Delhi-NCR region.

The new project, named Swaranaya, is situated on a 2-acre parcel along Mathura Road. It will feature 114 luxury housing units with a total saleable area of approximately 5 lakh square feet. The company has set the starting price at ₹15 crore per unit, targeting affluent homebuyers seeking premium living spaces in the capital.

Construction work for Swaranaya is slated to begin in January, with the project expected to reach completion by 2031. Gautam Kanodia, founder of KREEVA and the Kanodia Group, emphasized the company’s commitment to meeting buyer expectations. He said, "People are willing to invest in a better home, but they also expect greater accountability from the developer behind it. As we grow, our responsibility is to understand those expectations and build a business that can meet them consistently." This statement highlights KREEVA’s focus on building trust alongside luxury offerings.

Adding details about the investment, KREEVA CEO Mayank Jain noted that the firm has secured structured capital from ASK Group to finance part of the project. Jain also pointed out that the market demand for luxury residences remains robust throughout the Delhi-NCR area. "We will invest around ₹1,100 crore to develop this new ultra luxury housing project in South Delhi," he remarked, underlining the company’s confidence in the sector’s growth potential.

This project marks KREEVA’s second major residential venture. Last year, in May 2025, the company partnered with Shapoorji Pallonji Real Estate (SPRE) and ASK Property Fund to launch The Dualis, a luxury housing complex in Gurugram comprising 198 units. With a revenue estimate of ₹1,400 crore, The Dualis demonstrated KREEVA’s capacity to handle large-scale premium developments.

Further cementing its presence in the region, KREEVA joined forces with SPRE in October 2024 to form a joint venture aimed at developing another residential project covering 1.75 acres in Sector 46, Gurugram. These collaborations reflect KREEVA’s strategy of leveraging partnerships to expand its footprint in key urban markets.

The Kanodia Group, with interests spanning cement, building solutions, media, and real estate, has been steadily growing its portfolio. KREEVA’s focus remains on upscale housing projects within Delhi-NCR, while also targeting select tier II cities such as Lucknow and Chandigarh for future expansion.

As demand for luxury homes continues to rise among India’s affluent population, developers like KREEVA are positioning themselves to capture this market segment by offering properties with modern amenities and prime locations. The South Delhi project is expected to contribute significantly to this trend, offering buyers a blend of exclusivity and convenience.

With the launch of Swaranaya and ongoing projects in Gurugram, KREEVA is reinforcing its reputation as a major player in the luxury real estate market. The company’s strategic investments and partnerships suggest a long-term commitment to delivering high-quality residential options that cater to evolving buyer preferences across the National Capital Region and beyond.