Krisumi Corporation, a collaboration between Japanese conglomerate Sumitomo Corporation and Indian auto components firm Krishna Group, will invest Rs 300 crore to develop around 400,000 sq ft as part of phase 2 of 30.38-acre housing project "Krisumi City" at Sector 36A, Gurugram, a senior executive said.
Both the partners have put in the initial capital and the company is aiming for Rs 500 crore revenue from it.
The company has set a target of revenue of Rs 1,200 crore in the fiscal year 2023-24.
Posted By
Ruchi Mane
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Ruchi Mane is the Senior Editor at Houssed, leading the platform’s real estate news coverage. She tracks trends in India’s luxury property market while overseeing editorial strategy, PR outreach, and social media communication.