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Gautam Kanodia, founder of KREEVA and Kanodia Group, shares his insights into the transformative real estate sector in NCR and the company’s plans going forward.
Gautam Kanodia, founder of KREEVA and Kanodia Group.
The real estate market in the Delhi-NCR, especially the luxury segment, is currently experiencing remarkable growth with demand for luxury residential properties surging recently among both end-users and investors. In an interview with news18.com, Gautam Kanodia, founder of KREEVA and Kanodia Group, shares his insights into the transformative real estate sector in NCR and the company’s plans going forward. Edited excerpts:
How would you assess the current state of the real estate sector, especially in the Delhi-NCR?
The Delhi-NCR real estate market, particularly the luxury segment, is currently experiencing remarkable growth. Demand for luxury residential properties has surged, driven by both end-users and investors who value well-located and well-appointed homes. Price seems to be no barrier as high-end properties, especially those priced above Rs 3 crore, are being sold out within days of their launch. This trend reflects strong confidence in the market and a clear preference for premium living spaces.
The resilience of the luxury segment is further evident in the consistent rise in property values, even as supply remains constrained. Factors such as evolving lifestyle aspirations, increased disposable incomes, and the desire for larger, well-equipped homes post-pandemic are driving this growth. The NCR market’s upward trajectory underscores its potential as a hub for luxury real estate investment, cementing its status as one of the most dynamic regions in the sector.
Which areas or markets do you see as the next hotspots for real estate investment?
While established locations like Sector 46 and Golf Course Road in Gurugram remain prominent hotspots, several emerging areas in NCR are showing significant potential for real estate investment. Golf course extension road and Southern Peripheral Road (SPR) are rapidly gaining traction due to their improving infrastructure, strategic connectivity, and availability of both residential and commercial developments.
In Noida, regions like Sector 150 and Noida Expressway are attracting attention, offering a blend of modern amenities and future growth prospects. Additionally, peripheral areas of South Delhi are also seeing increased interest, particularly from those seeking a mix of affordability and accessibility.
These evolving micro-markets are poised to become the next investment hubs, driven by planned infrastructure, better connectivity, and the increasing demand for premium and mid-segment housing.
What trends are shaping the future of real estate in India?
The Indian real estate sector is undergoing a significant transformation, shaped by emerging trends such as a rising demand for luxury homes, branded residences, and global living experiences. In recent years, affluent domestic buyers and NRIs have shown a clear preference for exclusivity, state-of-the-art amenities, and curated lifestyle offerings. Branded residences, in particular, have gained immense traction, as they cater to HNIs and UHNIs seeking not just a home but a symbol of status and sophistication.
How is KREEVA adapting to these changes and what are your plans going forward?
We are proactively embracing these trends to redefine luxury living. Our focus is on delivering homes that combine opulence with sustainability. By incorporating energy-efficient designs, smart home technologies, and wellness-centric spaces, we are meeting the evolving expectations of today’s elite clientele.
As far as our expansion plans are concerned, we are already working on a project in Sector 46, Gurugram, which reflects our commitment to providing exceptional homes in prime locations. Moving forward, we are planning to launch three more luxury housing projects across Delhi-NCR by 2025 end. With a targeted sales revenue of over 1,200-1,500 crore each, these projects will focus on catering to the demands of high-net-worth individuals. Our strategy includes venturing into strategic locations within NCR that promise both high investment returns and an exalted living experience for our residents. We’re particularly bullish on Gurugram and select micro-markets in Delhi, as they offer immense growth potential.
What’s your outlook for the real estate sector 2025, particularly in the residential and luxury segments?
The outlook for the real estate sector in 2025, particularly in the residential and luxury segments, is highly optimistic. The sector is poised to continue its high-growth trajectory, driven by robust demand for premium and personalised living spaces. Luxury homes in prime locations and emerging corridors of Delhi-NCR are expected to remain in high demand, fuelled by evolving lifestyle preferences and a growing appetite for exclusivity among affluent buyers and NRIs.
Branded residences, which blend luxury with prestige and convenience, will continue to dominate the segment as discerning buyers seek spaces that reflect their status and lifestyle aspirations. The market will also see a growing emphasis on sustainability, wellness-focused designs, and smart technologies.
