Krisumi Corporation, one of the luxury developers in the industry has declared an investment of Rs 2,000 Crores to develop 1,051 luxury homes and penthouses in its Krisumi City at Gurugram’s Sector 36A. This investment was announced on Monday, 24th June 2024, and is in addition to the cost of land acquisition.
It’s a joint venture between Krishna Group and Japan’s Sumitomo Corporation and will launch two projects, Waterside Residences III and Waterfall Suites II, over 5.88 acres of land.
There will be a total of four towers offering 1-BHK, 2-BHK, 3-BHK, and 4-BHK luxury apartments and penthouses in various sizes ranging from 940 square feet to 10,316 square feet. It is expected to be delivered by December 2029.
The starting price of the Waterfall Suites II apartments is Rs 2.17 Crore Onwards and the penthouses will start at Rs 25 crore. The Waterside Residences III apartments are in the range between (Rs 4.08 – 6.16 crore). The penthouses will have a starting price of Rs 13.36 crore.
The company received 1,024 expressions of interest to buy the 1,051 apartments in a single day. There is a significant shift towards larger, luxury apartments post-pandemic and that’s why we are confident enough of Rs. 4000 Crore total revenue realization, said Vineet Nanda, director of sales and marketing at Krisumi.
There will be a state-of-the-art clubhouse of 160,000 square feet, sprawled over 2 acres of land, with an investment of Rs. 350 Crores in Sector 36A, Gurugram. World-class amenities like an indoor futsal court, paddle court, table tennis, badminton, basketball, cricket nets, and squash courts, all within a climate-controlled environment.
The Clubhouse amenities will include a state-of-the-art gymnasium, steam rooms, saunas, a spa, a heated indoor plunge pool, and an outdoor swimming pool. Additionally, there will be a card room, library, business center, meeting rooms, and co-working spaces to cater to the diverse needs of the residents.
The Phase-I of the Waterfall Residences comprising 433 units, is nearing completion and the Phase-II of the Waterfall Suites comprising 320 units will be delivered by the fourth quarter of 2028.
Krisumi is a real estate company that delivers a 5-star lifestyle to the residents of Krisumi City,” said Mohit Jain, managing director, of Krisumi Corporation.
“The success of our previous phases and the overwhelming response to our new launch reaffirm our belief in the potential of the Indian real estate market,” said Yuji Kato, director and co-chief executive officer at Krisumi Corporation.
