Kanodia Group firm KREEVA to invest ₹1,100 crore in South Delhi luxury housing

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The company has launched a 2-acre residential project on Mathura Road comprising 114 units

By PTI

Updated - October 28, 2026 at 02:28 PM. | New Delhi

Kanodia Group’s real estate arm KREEVA will invest ₹1,100 crore to develop a luxury housing project in South Delhi. | Photo Credit: iStockphoto

Kanodia Group's real estate arm KREEVA will invest ₹1,100 crore to develop a luxury housing project in South Delhi as part of its expansion plan.

The company has launched a 2-acre residential project on Mathura Road comprising 114 units. The total saleable area is 5 lakh square feet.

Construction will start in January and the project 'Swaranaya' is expected to be completed by 2031.

The prices start at ₹15 crore,

Gautam Kanodia, Founder, KREEVA and Kanodia Group, 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."

KREEVA CEO Mayank Jain said, "We will invest around ₹1,100 crore to develop this new ultra luxury housing project in South Delhi". He said the company has raised structured capital from ASK Group to part-finance the project.

Jain noted that the demand is strong for luxury homes across Delhi-NCR. This is the second project of the company.

In May last year, Shapoorji Pallonji Real Estate (SPRE), in partnership with KREEVA and ASK Property Fund, launched a luxury housing project 'The Dualis', comprising 198 units, Gurugram with a revenue potential of ₹1,400 crore.

In October 2024, SPRE formed a joint venture with KREEVA to develop a residential project, spread over 1.75 acre, in Sector 46, Gurugram. Kanodia Group operates across diverse businesses, including cement, building solutions, media and real estate, among others.

KREEVA is looking to expand business across Delhi-NCR and select tier II cities like Lucknow and Chandigarh.

Published on October 28, 2026

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