📋 Tender Overview
Scope : To Develop a Luxury Real Estate Project in Gurugram, Haryana
Kanodia Group, which is into the cement business, has acquired a 1.74 acre land parcel in Gurugram for Rs 153 crore and plans to develop a luxury real estate project on it.
The company has recently announced its plan to enter into the real estate sector and invest Rs 5,000 crore over the next 5-7 years.
The land parcel is located in Sector 46, Gurugram.
This acquisition marks their entry into the luxury residential space in the NCR market. They aim to extend our 25 years of legacy in setting new standards of quality in terms of product and service delivery for their valued customers.
They plan to generate revenue in excess of Rs 1000 crore from this project. The project is scheduled to be launched by the end of this year and is expected to be completed within 48 to 60 months.
The land parcel is located close to the Medanta Hospital and Huda City Center Metro station.
