KREEVA reports ₹750–800 crore launch-day sales for Swaranaya in South Delhi

KREEVA, the real estate arm of the Kanodia Group, reported ₹750–800 crore in sales on the launch day of Swaranaya, its ultra-luxury project near New Friends Colony in South Delhi. The news was reported on 27 October 2026. The company has also set out a plan to invest ₹5,000 crore over the next four to five years in land, project development and expansion across Delhi-NCR and selected Tier-2 cities.

The project at a glance

Swaranaya will have 114 homes, which the company describes as bespoke sky villas, in 3.5, 4.5 and 5.5 BHK configurations. Launch details put the starting price at ₹15 crore. Listing pages give indicative sizes of about 3,700, 4,500 and 5,100 sq ft for the three configurations. The project website describes three high-rise towers, with 19 residential floors starting above a five-level podium. Land size is given as 2.007 acres on the company's site, while other listings quote figures between 2 and 2.5 acres.

The project sits near New Friends Colony, with the Ashram (Pink Line) and Sukhdev Vihar (Magenta Line) metro stations nearby. Road access is from Mathura Road, the Ring Road and the Ashram Flyover, and the company says the site is next to the DND Flyway. The company describes lifestyle facilities developed with global partners, five-star hospitality-style services and five-tier security. Shapoorji Pallonji Real Estate is listed as the construction partner, and the company has secured structured capital from the ASK Group.

What the sales figures say

The company said all residences offered in the first phase were fully booked, and that its 5.5 BHK units in the launch phase sold out. Another account gives a lower figure, with about 40% of first-phase units committed. The two accounts do not match, so readers should treat the sold-out status as the company's own statement rather than an independent count.

Dr Gautam Kanodia, Founder of KREEVA and Kanodia Group, said the response had strengthened the company's confidence in its luxury housing strategy. He also said buyers expect greater accountability from the developer behind a project.

Expansion and the Gurugram project

The ₹5,000 crore plan covers land acquisition, project development and expansion in established luxury residential markets in Delhi-NCR, and in select Tier-2 markets including Chandigarh and Lucknow. No dates for the Tier-2 launches have been published.

KREEVA is also preparing a multigenerational residential project on Gurugram's Southern Peripheral Road. The company has entered into a joint development agreement with a landowner for a 3-acre parcel. An earlier 2026 report put the investment at about ₹400 crore, with around 200 units and 5.5 lakh sq ft of built-up area, including senior living units. An earlier timeline pointed to work starting by the end of Q1 FY27, and that timeline has not been revised publicly.

• Clarity on the first-phase booking figures, which differ between the company's statement and other accounts.
• Project registration and possession dates for Swaranaya, which buyers can check on the Delhi RERA portal before committing.
• Progress on the Gurugram project and the start date for work.
• Launch timelines for Chandigarh and Lucknow under the ₹5,000 crore plan.

For buyers in the top end of the market, the launch shows continuing demand for large South Delhi homes, with entry pricing starting at ₹15 crore. The coming months will show whether the sales figures hold once the booking numbers are reconciled and whether the company's expansion timelines are met.