Indo-Japanese Realty Venture to Deliver 433 Homes in Gurugram By 2024
Krisumi, a 50:50 joint venture between Japan's Fortune 500 company Sumitomo Corporation, and the Krishna Group in India is currently developing a 30-acre project of its 65-acre land parcel in Gurgaon. The first phase comprising 433 units, including a 36,000 sq ft clubhouse, is expected to be delivered by 2024, the company’s co-CEO and director, Takahiro Yamazaki told. The company has so far launched three towers – A, B and C. While the first two towers were launched earlier, the third tower was launched during the pandemic. “While Towers A and B comprise 239 units, Tower C will consist of 194 units spread across 34 floors of which the top six floors would be reserved for limited edition fully-furnished apartments targeted specifically towards the expatriate community,” he said, adding construction on all three towers is in full swing. The limited-edition fully-furnished units will provide services that expatriates look for. “We are hoping to cater to a huge demand for an expat specific product that does not exist in the market so far. Our target audience is expected to be senior management personnel in the age group of 35 years to 60 years from Japanese automobile companies as also Japanese IT firms located in Delhi-NCR. We may also decide to provide Japanese food on campus,” he said on a lighter note. The total cost of the 65-acre project is Rs 9,000 crore which may be borne through internal accruals, debt or through contributions from promoters. “The final investment will depend on the choice of the components utilised for the project and how things move forward over the next 10 to 15 years,” explained Akash Khurana, CEO, Krisumi Corporation.
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