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Krisumi has already spent Rs 2,500 crore since 2019 to develop ‘Krisumi City’, which is located along the Dwarka Expressway and includes a total of 2,772 units in different phases.
Sumitomo Corporation, part of the Sumitomo Group, entered India’s real estate market in 2018 with Krishna Group, a leading auto component manufacturer.
Krisumi Corporation Ltd, a real estate company formed as a joint venture between Japan’s Sumitomo Corporation and Krishna Group, will invest about Rs 4,500 crore over the next 6-7 years in its ongoing 33.5 acre luxury housing project in Gurugram.
The company has already spent around Rs 2,500 crore since 2019 to develop ‘Krisumi City’, which is located along the Dwarka Expressway and includes a total of 2,772 units across different phases. Sumitomo Corporation, part of the Sumitomo Group, entered India’s real estate market in 2018 with Krishna Group, a leading auto component manufacturer. Both partners hold equal shares in the joint venture.
“We are building a mini-Japanese city,” said Krisumi Corporation Chairman Ashok Kapur. Kapur is also Chairman of Krishna Group, which has several joint ventures with Japanese companies in the auto sector. He mentioned that the first phase of the project was launched at Rs 8,500 per square foot, and now Krisumi City is priced at about Rs 24,000 per square foot.
“This project has created strong value for our customers,” Kapur said, adding there is more room for growth. Yuji Kato, Co-CEO & Director of Krisumi Corporation, said, “Over the past decade, Krisumi has become a symbol of Indo-Japanese collaboration, driven by a shared vision of excellence. Our approach is based on three pillars: world-class design, careful construction management, and a curated lifestyle.”
In the last 5-6 years, Krisumi Corporation launched four phases of the project with about 1,800 units. Now, the company is launching the fifth and sixth phases called ‘The Forest Reserve’, totaling nearly 550 units with an estimated revenue potential of around Rs 4,000 crore.
When asked about the completion deadline, Kapur said the company has started giving possession for the initial phases and about 120 residents are living in the project, of which 25 percent are Japanese. The whole project should be finished by 2032, he added. A company official said the total investment to develop the project should be between Rs 6,000 crore and Rs 7,000 crore.
Krisumi Corporation has already invested Rs 2,500 crore, and the rest will be invested over the next 6-7 years. Krisumi Corporation is debt-free and will use internal funds to cover the project cost.
Kunal Rishi, Chief Operating Officer of Krisumi Corporation, said demand remains strong in Gurugram for projects by reputable real estate companies. Ananta Singh Raghuvanshi, President-Sales & Marketing at Krisumi Corporation, said flat owners have rented out apartments at about Rs 100 per square foot, showing strong rental returns.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)
April 13, 2026, 5:27 pm IST
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