Rs 300 crore to be invested in phase-2 of the Gurugram project ‘KRISUMI CORPORATION’

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.