Krisumi Launches New Phases in Their Township Krisumi City - Plans an Investment of ₹4,500 Cr*

Krisumi Corporation, a joint venture between Sumitomo Corp and Krishna Group has launched phase five and six of their township project Krisumi City in Sector 36A. The company plans to invest an additional ₹4,500 Cr* in this ongoing 33.5-acre city in the course of next 6-7 years. The new phases span around 1.67 million sqft and is expected to generate around ₹4,000 in revenue. These new phases are launched by the name of “The Forest Reserves” and draws inspiration from the Japanese philosophy of Chinju-no-mori, which means sacred shrine forests. They are envisioned to be a green oasis in urban settings and will offer 4 LDK with sizes around 4000 sqft., and 3 LDK with sizes around 3000 sqft. It will also include Exclusive Penthouses with four penthouses planned across each of the 4 towers. Over the last 4 years, Krisumi has launched 4 phases by the name of Waterfall Residences with 1800 units, and the new phases comprises a total of 550 units.

What Does the Future Holds

So far Krisumi has invested a total of ₹2,500 Cr* and plans to invest a total of ₹7,000 Cr*. When asked about the deadline to complete the whole project, the chairman of Krisumi Group said that they have started offering possession of the initial phases and around 120 residents are staying in the project with 25 percent being Japanese. Not only this, the company aims to complete all 15 towers by the year 2032.

Source: https://www.hindustantimes.com/real-estate/sumitomobacked-krisumi-corporation-launches-new-phases-of-housing-project-in-gurugram-plans-4-500-crore-investment-101776103634320.html