KRISUMI: A Landmark Project in Sector 36A, Gurgaon

Gurgaon’s real estate landscape is set to witness a remarkable addition with the launch of KRISUMI, a highly anticipated project that has been making waves in the market. Situated in the prime location of Sector 36A, this project spans across an impressive 35 acres of land and is being developed in multiple phases. With its strategic location, top-notch construction quality, and the backing of renowned brands, KRISUMI is poised to redefine luxury living in Gurgaon.

Project Overview and Phases

KRISUMI has been meticulously planned and executed in phases to ensure a seamless development process. Let’s take a closer look at the different phases of the project:

Who Should Invest in KRISUMI?

Investing in KRISUMI is a decision that should be carefully considered, taking into account various factors such as financial stability, investment horizon, and long-term goals. Here are some key points to keep in mind:

• Long-term Investment: KRISUMI is suitable for investors who have the financial capacity to hold the property for a minimum of 4 years. Expecting a quick exit within 6 months to a year is not advisable for this project.
• Financial Stability: Buyers should assess their financial situation and ensure they have the necessary funds to support the investment over the long term.
• Exit Strategy: The developer has already provided an exit option, which should be carefully evaluated by potential investors.

Key Highlights of KRISUMI

KRISUMI stands out in the Gurgaon real estate market due to several unique features and advantages. Let’s explore some of the key highlights of this project:

1. Strategic Location

• KRISUMI is strategically located in Sector 36A, offering excellent connectivity to major landmarks and highways.
• The project is just 2 minutes away from the NH8 Cloverleaf, which connects to the Central Peripheral Road (CPR).
• The Dwarka Expressway is merely 1 minute from the project site.
• A 135-meter wide Multi Utility Corridor runs in front of the project, connecting New Gurgaon and Manesar.

2. Connectivity and Infrastructure

• KRISUMI enjoys proximity to the upcoming metro station in Sector 37, enhancing accessibility for residents.
• The airport is just a 15-minute drive from the Dwarka Expressway, providing seamless connectivity to Delhi.
• The project is well-connected to Gurgaon via the CPR and SPR.

3. Construction Quality and Amenities

• KRISUMI employs the highest grade of MyOne construction technology, ensuring superior build quality.
• The project boasts a 2.5-acre park, a 1.5-acre lake, and a wide array of amenities, including a swimming pool, Zen garden, and meditation garden.
• Residents can enjoy a chef-on-call service, doctor-on-call facility, and charging stations for electric vehicles.

4. Brand Reputation and Collaborations

• KRISUMI is a joint venture between Krista Motors, an Indian automotive company, and Sumitomo Corporation, a renowned Japanese conglomerate with a 250-year history and over 350 projects worldwide.
• This collaboration brings together the best of Indian and Japanese expertise, ensuring a high-quality development.
• KRISUMI is the flagship project of this joint venture in India, with Sumitomo also launching another project in Mumbai.

Price List and Apartment Configurations

KRISUMI offers a range of apartment configurations to cater to different buyer preferences and budgets. Here is the detailed price list for the various apartment types:

Price List (Excluding Fully Furnished Apartments)

Price List of 2LDK + Personal Workspace

Price List of Fully Furnished Apartments

Price List of Penthouses

Down Payment Plan

Factors Influencing Price Appreciation

The potential for price appreciation in KRISUMI is influenced by several factors that buyers should consider:

• Global City Development: The Global City project, a large-scale government initiative, is expected to have a positive impact on the prices of properties in the vicinity. With a tender value of around Rs. 950 crores for basic infrastructure development, the Global City is projected to take 10 years to fully develop. As the Global City takes shape, it will likely drive up property prices in the area.
• Upcoming Residential and Commercial Developments: The presence of residential, commercial, SCZ, and convention centers within the Global City will create a city-within-a-city ecosystem. Once the Global City is launched, the prices are expected to reach Rs. 35,000 to Rs. 40,000 per square foot, which will have a positive spillover effect on the prices of nearby projects like KRISUMI.
• Surrounding Infrastructure and Amenities: The area around KRISUMI is well-equipped with essential infrastructure and amenities. Commercial developments by AIPL have been launched successfully, and Sector 88 in front of the project is a thriving commercial hub. The presence of schools, hospitals, and connectivity to NH8 further enhance the location’s attractiveness.

Rental Yield and Leasing Assistance

KRISUMI offers a unique proposition for studio apartment investors, with the company assisting in leasing these units at a rate of Rs. 80 to Rs. 100 per square foot. The developer has signed LOI agreements with 3-4 Japanese companies, indicating a strong demand for these studio apartments.

According to a survey, more than 8,000 Japanese individuals reside in Gurgaon and nearby cities like Neemrana, Daruhera, and Manesar. These potential tenants are likely to prefer KRISUMI due to its Japanese environment and culture.

Investors in studio apartments can expect a rental yield of 5-6%, which is considered attractive for a residential project.

Future Phases and Price Appreciation

As KRISUMI progresses with its development, future phases are expected to be launched, potentially leading to price appreciation for the existing phases. When a new phase is introduced, the developer often increases the prices, and the previous phases also benefit from this price appreciation.

Market forces, combined with the developer’s price increase, can result in a double benefit for buyers who have invested in the earlier phases.

Making an Informed Decision

Before making a decision to invest in KRISUMI, buyers should consider the following:

• Long-term Investment Horizon: KRISUMI is suitable for buyers who have a long-term investment perspective and can hold the property for 4-5 years.
• Financial Capacity: Buyers should assess their financial situation and ensure they have the necessary funds to support the investment over the long term.
• Market Trends: Recent launches of projects in Gurgaon, such as those in Sectors 59 and 63, have seen overwhelming response, with over 1,000 units sold out and sales values exceeding Rs. 3,000 crores. This indicates a strong demand in the Gurgaon real estate market.
• Pricing and Payment Plans: KRISUMI offers a range of apartment configurations with transparent pricing. Buyers can choose the most suitable option based on their budget and preferences.
• Rental Yield Potential: Studio apartment investors can benefit from the company’s leasing assistance, with potential rental yields of 5-6%.
• Expression of Interest (EOI): Interested buyers can submit an EOI to secure their place in the project. However, it is advisable to have a long-term investment horizon and not expect a quick exit within 6 months to a year.

Conclusion

KRISUMI is a landmark project in Gurgaon’s Sector 36A, offering a unique blend of luxury, connectivity, and brand reputation. With its strategic location, top-notch construction quality, and the backing of renowned Indian and Japanese companies, KRISUMI is poised to redefine the luxury living experience in Gurgaon.

Buyers considering an investment in KRISUMI should carefully evaluate their financial capacity, investment horizon, and long-term goals. The project is suitable for those who have a long-term perspective and can hold the property for at least 4-5 years.

With the upcoming development of the Global City and the potential for price appreciation in future phases, KRISUMI presents an attractive opportunity for discerning buyers and investors.

For more information on KRISUMI and to submit an Expression of Interest (EOI), interested parties can contact the developer using the provided contact details. The sales team will be happy to assist with any queries and provide further guidance on the project.