Krisumi Corporation Partners with Savills India to Market Krisumi Waterfall Residences to International Markets
Krisumi Corporation, the first Indo-Japanese joint venture in Indian real estate, has partnered with Savills India to market its first project, Krisumi Waterfall Residences, in key international markets such as UK, Europe, Southeast Asia and the Middle East. The partnership with Savills India adds to the company’s existing pool of partners in its efforts to strengthen its presence across the globe.
Krisumi Corporation is a joint venture between the Indian group Krishna, an automotive giant, and the Japanese conglomerate Sumitomo Corporation. Krisumi Waterfall Residences exemplifies the confluence of Japanese art and architecture with Indian aesthetics. Strategically located in Sector 36A at the confluence of three of Gurugram’s widest roads – National Road-48, Central Perimeter Road and North Perimeter Road, Waterfall Residences will provide good connectivity. The project is part of an autonomous and integrated township of Krisumi City that will also include a high-end shopping mall, educational institutions, a high-end hotel and high-end office space.
The first phase, Krisumi Waterfall Residences, comprises 433 units (2, 3 Living Dining Kitchen and penthouses), including a 36,000 square foot (3344.5 m²) clubhouse. Three rounds – A, B and C were launched; while the first two towers were launched earlier, the third tower was launched during the pandemic. Towers A and B consist of 239 units; Tower C consists of 194 units spread over 34 floors. The top floors would be reserved for fully furnished, limited edition apartments intended specifically for the expat community. Construction of the three towers is in full swing, according to a press release from the company.
“We are delighted to partner with Savills India on our journey to reinvent the Indian real estate landscape through professionalism and superior customer experience. Krisumi Corporation merges Japanese aesthetics and design with Indian tastes and sensibilities to provide a truly superior experience for discerning Indian buyers. With a premium residential offering in a ticket size more acceptable to everyone, we are reinventing the luxury paradigm that has traditionally been associated with ticket size or pricing attributes, ”said Ashok Kapur, President of Krisumi Corporation & Krishna Group.
“This association with Krisumi Corporation will allow Savills to present and position Indian real estate and its unrivaled offering in international markets by attracting potential foreign investors. Combined with strong prospects for economic growth, this could also open the door for other potential multinational companies to view India as a suitable partner in terms of real estate business expansion and more. Said Shveta Jain, Head and General Manager, Residential Services, Savills India.
Commenting on the partnership, Takahiro Yamazaki, Co-CEO and Director of Krisumi Corporation, said, “This strategic partnership will help us strengthen our position as a premium real estate player. By merging Japanese craftsmanship and Indian sensibilities, we are poised to reinvent the real estate segment with credibility, tailored offerings and a superior experience.
This merger comes as a result of growing demand from NRIs seeking diversification and investment in India. The dynamics of demand and supply have changed and purchasing decisions are moving towards new-age developments offering a promise of quality, high customization and comfort of life. Savills India, with its global presence, is well positioned to help Krisumi position its project in key markets such as the UK, Europe, South East Asia and the Middle East.
Vineet Nanda, Director of Sales and Marketing, Krisumi Corporation, said: “Homebuyers these days prefer residences that can accommodate space for remote working, with more open-air spaces and communities. closed equipped with state-of-the-art equipment. Anticipating this trend in early 2021, we launched a new 2LDK (Living, Dining & Kitchen) + personal workspace asset class in our flagship project, Krisumi Waterfall Residences. These residences are ideally suited to the Work from Home (WFH) lifestyle for Indians working with global companies and expatriate communities.