Project Launch
KREEVA and Shapoorji Pallonji announce ₹400-crore multi-generational housing project on Gurugram's Southern Peripheral Road
KREEVA, the luxury real estate division of the Kanodia Group, has announced strategic expansion into multi-generational housing, entering into a joint development agreement to establish a new residential group housing project situated off the Southern Peripheral Road (SPR) in Gurugram. With an estimated investment ranging between ₹350 crore and ₹400 crore, the project will consist of about 200 residences.
| Status (as of September 2026) | Announced |
|---|---|
| Developer | KREEVA (Kanodia Group) with partnership model |
| Location | Southern Peripheral Road (SPR), Gurugram |
| Investment | ₹350–400 crore estimated |
| Units | Approximately 200 residences |
| Land Area | Approximately 3 acres |
| Built-up Area | Roughly 5.5 lakh square feet |
| Product Type | Multi-generational and senior living housing |
| Possession/Timeline | No timeline documented |
| RERA Status | Not yet filed |
Project Overview
KREEVA has entered into a joint development agreement with a local landowner to establish a residential group housing project off the Southern Peripheral Road (SPR) in Gurugram, occupying approximately three acres and designed to feature a built-up area of roughly 5.5 lakh square feet. With an estimated investment ranging between ₹350 crore and ₹400 crore, the project will consist of about 200 residences intended to serve a diverse demographic, providing a curated ecosystem that balances specialized services with age-inclusive infrastructure.
Product Type and Configuration
The project will feature approximately 200 residences, including senior living units. The development is specifically positioned toward multi-generational and senior living segments rather than traditional residential configurations. No individual unit configurations (BHK breakdowns) have been disclosed in official announcements as of September 2026.
Pricing and Revenue Potential
No unit pricing or price range has been documented in publicly available sources. The project involves an estimated investment of ₹350–400 crore, but this represents developer investment rather than end-user pricing.
Possession and Development Timeline
No possession timeline, construction start date, or phased delivery schedule has been announced by the developer. The project remains in the pre-launch phase as of September 2026.
Southern Peripheral Road Corridor and Locality Context
The Southern Peripheral Road (SPR) location is strategic, as the area has become a top real estate corridor, experiencing significant price increases. The SPR benefits from excellent connectivity and ongoing infrastructure improvements, including planned metro expansion, and is close to major business districts, which has drawn major developers to the area.
Sector 71 (the primary SPR zone locality) has established itself as one of the most observed residential colonies in the SPR zone owing to its good road connectivity and social infrastructure development, with convenient connectivity to Sohna Road, NH-48, Golf Course Extension Road, and other parts of the Delhi-NCR region. Sector 71 offers excellent connectivity to Golf Course Extension Road, NH-48, and Sohna Road, with growing infrastructure including new residential and commercial developments.
Developer Partnership and Track Record
The project is strengthened by a joint venture with Shapoorji Pallonji Real Estate, bringing valuable development experience. This development follows KREEVA's earlier move in Gurugram, where it partnered with Shapoorji Pallonji Real Estate (SPRE) in the past year to develop a residential project spread across 1.75 acres, marking the company's entry into structured partnerships to scale its residential portfolio.
Market Demand Context
Housing demand in Delhi-NCR continues to remain strong, particularly in emerging corridors such as Gurugram, which are witnessing increased interest from both end-users and investors. This strategic move taps into the burgeoning demand for multi-generational housing and specialized senior care facilities, a segment poised for significant growth driven by demographic shifts and evolving lifestyle preferences.
Frequently asked questions
What is the exact location of the KREEVA SPR project?
The project is situated off the Southern Peripheral Road (SPR) in Gurugram. While press announcements confirm the SPR location, official sources have not specified the sector designation (e.g., Sector 71) as of September 2026.
Who is developing this project?
KREEVA, the luxury real estate division of the Kanodia Group, has entered into a joint development agreement with a local landowner. The project is strengthened by a joint venture with Shapoorji Pallonji Real Estate.
What types of homes will be available?
The project will consist of about 200 residences intended to serve a diverse demographic, providing a curated ecosystem that balances specialized services with age-inclusive infrastructure. Specific BHK configurations have not been disclosed.
What is the estimated investment and scale?
With an estimated investment ranging between ₹350 crore and ₹400 crore, the project will consist of about 200 residences. The upcoming development will occupy approximately three acres and is designed to feature a built-up area of roughly 5.5 lakh square feet.
Is this project RERA registered?
The project has not been RERA registered as of September 2026. It remains in the pre-launch, announced stage.
When will possession be available?
No possession timeline has been announced by the developer as of September 2026.