India, Oct. 16 -- Gurugram-based Krisumi Corporation, an Indo-Japanese real estate joint venture, has commenced construction of two luxury residential phases in Sector 36A, Gurugram. The company plans to invest over Rs.1,300 crore in the projects over the next five years, with an estimated revenue potential of more than Rs.4,000 crore.

The Forest Reserve and The Forest Reserve-II, Phases 5 and 6 of the company's 33.38-acre Krisumi City development, will comprise 542 residential units. The commencement of construction was marked by a bhoomi pujan ceremony.

The development will span approximately 1.67 million sq ft and offer two-, three- and four-bedroom LDK residences, with sizes ranging from 2,166 sq ft to 3,993 sq ft. Prices start at a...