Krisumi Waterfall Suites
Units: 1 BHK
Location: Sector 36A
Developer: Krisumi Corporation
Possession: Dec 2028
Status: Under Construction
Krisumi Waterside Residences The Forest Reserve
Units: 2 BHK, 3 BHK, 4 BHK
Location: Sector 36A
Developer: Krisumi Corporation
Possession: Dec 2031
Status: New Launch
Krisumi Waterside Residences
Units: 2 BHK, 3 BHK, 4 BHK
Location: Sector 36A
Developer: Krisumi Corporation
Possession: Oct 2029
Status: Under Construction
Krisumi Corporation holds six HARERA registrations, and all six sit in Sector 36A. A sweep of the other 27 corridor sectors returned nothing. All six draw on the same four DTCP licences, making this one contiguous colony rather than six projects, and Krisumi the most geographically concentrated developer in this series.
That concentration forces a question no competing page answers. Sector 36A is not on the Dwarka Expressway alignment. Krisumi’s own environment clearance gives its address as “Sector 36A, Gurgaon Manesar Urban Complex” and names no road. In March 2026 the Town and Country Planning Department put out for objection a revised sectoral plan proposing a new 30-meter road in Sector 36A so the sector can reach the Central Peripheral Road, and through it the expressway. A sector that fronted the corridor would not need one built. The relationship is adjacency, and the section below sets out the evidence.
The second thing to know before reading further: the India-Japan joint venture behind Krisumi guarantees the buyer nothing. Sumitomo Corporation gave a ₹50 crore guarantee in 2021 and it ran to lenders. The name on the agreement for sale is Krisumi Corporation Private Limited and nobody else.
Published asking rates run from ₹19,350 per sq ft of saleable area in the delivered building to ₹27,000 in the studio phase, observed June to August 2026, against two Sector 36A snapshots of ₹19,325 and ₹19,800, neither of which states its area basis.
The whole portfolio in one table
Six entries follow and they are not equivalent. One is delivered and holds an occupation certificate. Three are under construction. Two carry no published construction update at all, one of them against a declared construction start of Oct. 1, 2025. No plot, no villa, no independent floor and no commercial unit is registered anywhere in this portfolio.
Read the table by what you are buying.
- A delivered home you can move into → entry 1, the only Krisumi building with an occupation certificate, with roughly a fifth of its stock on the resale market.
- A studio or suite format → entries 2 and 4. Both are 1LDK products, both sold out from the developer, both resale only.
- A large new apartment → entries 3, 5 and 6, handing over between 2029 and 2031.
- Checking the address first → the section below, which answers the corridor question on documents rather than marketing.
| # | Registered name | Marketed as | HARERA registration | Registered area | Rate or price (observed Jun to Aug 2026) | Status |
|---|---|---|---|---|---|---|
| 1 | Waterfall Residences | Krisumi Waterfall Residences, Phase I | RC/REP/HARERA/GGM/2018/03 · 08.05.2018 | 5.43 acres | ₹19,350/sq ft saleable · ₹2.80-12.29 Cr | Delivered. Occupation certificate published December 2024; the date on the certificate itself is unpublished |
| 2 | Waterfall Suites | Phase II | RC/REP/HARERA/GGM/715/447/2023/59 · 20.03.2023 | 3.886 acres | ₹27,000/sq ft · ₹2.54-3.16 Cr | Under construction; registered completion 31.12.2028 |
| 3 | Krisumi Waterside Residences | Waterside Residences, Phase III | RC/REP/HARERA/GGM/812/544/2024/39 · 08.04.2024 | 5.0951 acres | ₹24,000/sq ft saleable · ₹4.18-14.08 Cr | Under construction; three towers in structure |
| 4 | Waterfall Suites II | Phase IV | RC/REP/HARERA/GGM/816/548/2024/43 | 0.7850 acres | From ₹2.1 Cr; no separate rate published | Under construction; registered completion 30.12.2029 |
| 5 | Waterside Residences The Forest Reserve | Krisumi The Forest Reserve, Phase V | RC/REP/HARERA/GGM/944/676/2025/47 | 5.1743 acres | ₹23,000/sq ft saleable · ₹6.29-8.35 Cr | New launch; no construction update published |
| 6 | Waterside Residences The Forest Reserve-II | Phase VI | RC/REP/HARERA/GGM/944/677/2025/47 · 17.03.2025 | 1.3125 acres | Priced with entry 5 | Registered; construction declared to start 01.10.2025 |
The six registered areas total roughly 21.7 acres, while Krisumi’s own filing to HARERA declares Krisumi City as 33.38125 acres. The gap between those numbers is the single most useful thing on this page for anyone buying an early phase, and a section below sets it out.
One name circulates and is not a project. “Krisumi City” carries no HARERA registration. It is the master brand for the Sector 36A colony, and Krisumi’s own draft allotment letter defines it as “residential group housing project(s) / township(s) / colony(ies) being / to be developed by the Company in different phases.” Nothing else.
For the corridor context this developer sits beside rather than on, the page covering how the corridor’s sectors actually rank on price sets out the wider rate picture.
Is Sector 36A on the Dwarka Expressway?
Every page selling a Krisumi apartment says it is. The documents say something narrower, and a buyer paying ₹4 crore for an address should read them.
The alignment. The Dwarka Expressway is National Highway 248BB. It runs from Shiv Murti in Delhi, at roughly kilometer 20 of NH-48, to Kherki Daula at roughly kilometer 40, about 18.9 km of it in Haryana and the balance in Delhi. The Gurugram sectors it passes through are the 99 to 113 band, plus 83, 84 and the 37D boundary. No source places Sector 36A on that list.
What Krisumi tells a regulator. The State Environment Impact Assessment Authority granted clearance EC23B038HR172193 on April 5, 2023 for the expansion of Krisumi’s group-housing project. It describes the site as “Sector 36A, Gurgaon Manesar Urban Complex,” gives coordinates, and names no road, expressway or highway. That is the promoter describing its own location to a statutory authority, and it is the strongest single piece of evidence here.
What the planning department is proposing to build. On March 9, 2026 the Town and Country Planning Department issued a public notice putting a revised sectoral plan for Sectors 36, 36A, 36B and 37B out for objection, with the state government’s in-principle approval already granted. The proposal includes a new 30-meter-wide road in Sector 36A to connect directly with the Central Peripheral Road, and through the CPR to the expressway corridor. The department gave land acquisition by the state industrial corporation and the need for an internal road as its reasons.
This is the finding. A sector that fronted the Dwarka Expressway would not need a road built to reach it. The proposal is DTCP’s own acknowledgement that the connection does not currently exist.
What the neighboring state project says. HSIIDC’s Global City, a roughly 1,000-acre township with a stated ₹1 lakh crore investment potential, describes itself on its official site as occupying “Sectors 36, 36B, 37 and 37B of Gurugram” and as enjoying direct accessibility from the eight-lane Dwarka Expressway. Sector 36A is not in that list. Krisumi’s land sits beside Global City, not inside it, and The Tribune reported on July 31, 2026 that Global City’s own expressway interchange is planned rather than built.
The evidence, side by side:
| Weight | Question | What the document says | Source |
|---|---|---|---|
| Primary | How does Krisumi describe its own address to a regulator? | “Sector 36A, Gurgaon Manesar Urban Complex.” No road, expressway or highway named | Environment clearance EC23B038HR172193, April 5, 2023. The promoter’s own filing |
| Primary | Does Sector 36A have a corridor connection today? | DTCP proposes building a new 30-meter road so the sector can reach the Central Peripheral Road | Revised sectoral plan notice for Sectors 36, 36A, 36B and 37B, March 9, 2026 |
| Primary | Which sectors get direct expressway access from Global City? | 36, 36B, 37 and 37B. Not 36A | globalcitygurugram.in, the state township’s official site |
| The claim under test | What does Krisumi’s marketing say? | “On Dwarka Expressway”; the contact page uses “Dwarka Expy, Sector 36A” | krisumi.com |
| Corroborating only | Which sectors does NH-248BB pass through? | The 99 to 113 band, plus 83, 84 and the 37D boundary. Sector 36A appears on no list | Route documentation for the Haryana leg opened in March 2024. No single citable document could be retrieved for this row, so it corroborates the three primary sources above and carries none of the argument on its own |
Two things this page could not verify and will not guess at. The register itself records the village of record inconsistently, giving Sihi for Waterfall Suites and Harsaru for both Waterside Residences and Forest Reserve-II, so the colony straddles two revenue villages and no single village can be stated. And no authoritative source states the distance from Sector 36A to the nearest expressway access, which is the Kherki Daula interchange. The figures on brokerage blogs are unsourced and this page does not repeat them.
What can be documented is where that access point sits on the highway. The National Highways Authority of India records the Kherki Daula plaza at kilometer 42 of NH-48, on a tollable stretch running kilometer 11.060 to kilometer 42, and the expressway meets NH-48 at roughly kilometer 40. Krisumi’s environment clearance places the colony centroid at 28°25’7.66″N, 76°58’19.24″E, the only government-issued coordinate for this land. Those two records fix the endpoints. They do not give a road distance, because no published route measurement between them was retrievable as at Aug. 26, 2026, and this page prints no kilometer figure it cannot source. Measure it yourself in one minute: drop the coordinate above into any mapping application, route it to the Kherki Daula toll plaza on NH-48, and note the reading and the date. Then ask the sales team for their figure and compare.
What the honest answer changes for a buyer. Sector 36A sits adjacent to the southern end of the corridor, near where it terminates at the Kherki Daula cloverleaf on NH-48, and it has no interchange of its own. Three consequences follow. Your commute today runs via NH-48 and the Kherki Daula cloverleaf, not a dedicated expressway access. Any appreciation argument built on expressway frontage rests on a premise the planning department’s own paperwork contradicts. And the 30-meter connector, if built, is what would change that. As at Aug. 26, 2026 it is a proposal whose objection window has closed, with no approval order, no award, no funding and no timeline published.
This page treats Krisumi as a corridor-adjacent developer and says so wherever it matters. Comparable apartment projects listed along the corridor give a buyer a sense of what else is on offer at this price.
Three naming rules to get right before the entries below
Three conventions, because getting them wrong is how most published content on this developer goes astray.
“Krisumi City” is a brand, not a registration. No HARERA registration exists in that name. Six registrations exist, each for a named phase, and they draw on the same four DTCP licences: 39 of 2013, 85 of 2014, 166 of 2023 and 71 of 2024. A project in any other sector would need its own licence, and none is published.
The marketed names do not match the registered names. Sites selling “Krisumi Waterfall Residences Phase 2” or “Phase 3” are relabeling projects registered under entirely different names. The mapping is: Phase I is Waterfall Residences; Phase II is Waterfall Suites, not Waterfall Residences 2; Phase III is Krisumi Waterside Residences; Phase IV is Waterfall Suites II; Phases V and VI are Waterside Residences The Forest Reserve and The Forest Reserve-II. Business Standard reported the June 2024 launch as “Waterside Residences III,” absorbing a phase index into the registered name. The registration carries no numeral.
Two circulating registration strings do not verify, and the developer’s own site carries a typo. SquareYards prints GGM/945/677/2025/48 for Forest Reserve-II and a broker site prints RC/REP/HARERA/GGM/945/677; both shift the serial from 944 to 945 against the promoter’s own published number, and one shifts the year-serial too. SquareYards also prints GGM/271/2018/03 for Waterfall Residences where the promoter publishes RC/REP/HARERA/GGM/2018/03. Separately, krisumi.com renders the Forest Reserve sub-code as GGN where every HARERA certificate observed uses GGM for Gurugram. Take the number from the register or from the promoter’s statutory disclosure page. Never from a portal.
1. Waterfall Residences, Sector 36A
Waterfall Residences is the only Krisumi building that exists as a finished thing. It holds an occupation certificate, people live in it, and roughly a fifth of its apartments are on the resale market at any one time. Everything else on this page is a promise with a date attached.
| Field | Detail |
|---|---|
| Promoter entity | Krisumi Corporation Private Limited, CIN U70200HR2012PTC064545, a 50:50 India-Japan joint venture between Krishna Group and Sumitomo Corporation |
| Location | Sector 36A, Gurugram. Village of record unpublished for this phase |
| HARERA registration | RC/REP/HARERA/GGM/2018/03 dated 08.05.2018. Registration validity ran to 31.12.2024. No extension order located. A portal renders the number as GGM/271/2018/03; that rendering is unverified |
| DTCP licence | 39 of 2013, renewal reference 85. The certificate records the licensed colony as 25.10 acres at first registration |
| Registered area | 2.19743 hectares, or 5.43 acres |
| Building plan approval | Renewed approval ZP-915/Ad(RA)/2018/1568 dated 12.01.2018; revised building plan 22.12.2023 |
| Product form | Apartments and penthouses, plus EWS units, convenience shopping and a community center |
| Units | 433 residential plus 77 EWS, 510 in all |
| Towers | Three, designated A, B and C, on Krisumi’s own construction updates. Nikken Sekkei’s own project page describes the building as two towers. Both are primary sources and they disagree |
| Floors per tower | Unpublished |
| Configurations | Japanese LDK nomenclature: 3LDK+S, 3LDK, 2LDK, penthouse, penthouse with pool |
| Sizes | 1,448 sq ft for the two-bedroom, 1,967 and 2,503 sq ft for the three-bedroom, 4,429 and 6,353 sq ft for the four-bedroom penthouses, saleable basis. A portal labels these “carpet areas,” which is wrong |
| Total saleable area | 9.21 lakh sq ft across the 433 units, the only figure for any Krisumi phase that names its own area basis. It puts the average unit at about 2,127 sq ft saleable, which confirms the sizes above are saleable rather than carpet |
| Current rate | ₹19,350 per sq ft of saleable area, portal-stamped June 2026 |
| Price band | ₹2.80 Cr to ₹12.29 Cr. The same portal prints ₹2.75 Cr to ₹13.96 Cr on its developer page. Both are asking bands, and they disagree |
| Clubhouse | 3,344.48 sq m, about 36,000 sq ft |
| Contractual possession date | On or before June 30, 2024, per section 7.1 of Krisumi’s published draft agreement for sale, subject to force majeure |
| Delivery | Occupation certificate received. Krisumi published the grant document in December 2024 and announced possession on Feb. 27, 2025. The December date is the publication date, not a date read from the certificate |
| Occupation certificate memo number, exact date, signing officer, part or full status | All unpublished in readable form. Krisumi publishes the certificate as a non-OCR scan, so nothing printed on its face can be read from the published file |
| Facility manager | Cushman & Wakefield Property Management Services India, appointed February 2025 |
| Maintenance charge per sq ft | Unpublished. No CAM rate for this building was located in any source |
| Residents’ association | The allotment letter obliges the buyer to join one. No registered association was located: no registration number, no formation date, no office bearers published |
| Architect | Nikken Sekkei, confirmed on Nikken Sekkei’s own project page, which records site area 21,600 sq m and total floor area 117,000 sq m including parking |
| Contractor | Unpublished. No civil contractor is named for this or any other Krisumi phase, anywhere |
The problem with the delivered building. The agreement promised possession on or before June 30, 2024, Krisumi published the certificate in December 2024, and announced it eight months after the contractual date. That sits inside the registration validity and no delay order was located, but a buyer weighing a marketing claim of Japanese punctuality should have the dates. Two gaps matter more. The certificate itself is unreadable, because the developer publishes it as an image, so a resale buyer cannot check the memo number, the officer or the part-or-full status without asking. And no maintenance rate is published on a building managed by an international firm, so the recurring cost of ownership is a number you must obtain before you offer.
Best suited to: a buyer who wants a finished, occupied, certificate-backed apartment in this sector, will ask for the readable occupation certificate and the current maintenance rate in writing, and prices the resale depth into the negotiation rather than ignoring it.
This is the one Krisumi address that sits among the corridor’s homes you can move into now rather than among its promises.
→ Send me the Waterfall Residences resale list and the occupation certificate copy (WhatsApp to [BROKERAGE NAME], RERA agent registration [AGENT REGISTRATION NUMBER].)
2. Waterfall Suites, Sector 36A
Waterfall Suites is the studio and suite phase, registered under a name that shares nothing with the phase before it, and it is the Krisumi product a corporate tenant is most likely to occupy. Krisumi’s chairman has said Maruti Suzuki’s managing director expressed interest in leasing 100 studio apartments here.
| Field | Detail |
|---|---|
| Promoter entity | Krisumi Corporation Private Limited, CIN U70200HR2012PTC064545 |
| Location | Sector 36A, Gurugram. Village of record: Sihi, per the HARERA record |
| HARERA registration | RC/REP/HARERA/GGM/715/447/2023/59 dated 20.03.2023; internal project ID RERA-GRG-PROJ-1302-2023 |
| DTCP licences | 39 of 2013 dated 04.06.2013, valid to 03.06.2026; 85 of 2014 dated 08.08.2014, valid to 07.08.2024. The status of licence 85 after August 2024 is unpublished |
| Registered area | The register carries two figures that do not convert into each other: 1.5647 hectares, which is 3.8665 acres, and 3.886 acres stated directly. That is a 0.5% divergence inside one record. This page carries 3.886 acres into the portfolio total and notes the conflict |
| Building plan approval | ZP-915-II/PA(DK)/2023/2405 dated 25.01.2023 |
| Product form | 1LDK serviced-style studio apartments, plus EWS units, convenience shopping and a community center |
| Units | 320 residential plus 58 EWS on the promoter’s disclosure, against 380 apartments on the HARERA record. The register’s own unit schedule below sums to exactly 380, which resolves the conflict in the register’s favor |
| Registered unit schedule | Carpet-area basis, in square meters: 128 units at 591.58, 128 at 464.14, 62 at 493.53, 58 at 192.57, two at 6,353.18, one at 214.74, one at 156.88. The 6,353.18 entry cannot be right as stated. On a square-meter basis it would be 68,385 sq ft of carpet in a studio phase, and the identical numeral appears in entry 1 as a 6,353 sq ft penthouse. Nor does the column survive in aggregate: read as square meters the schedule totals about 189,978 sq m of carpet on a 15,726 sq m parcel, twelve times the land itself, which no floor area ratio in Haryana permits. The unit error runs through the whole column, not one row. This page prints the register’s figures and computes nothing from them |
| Marketed sizes | 921 and 979 sq ft for the 1LDK with one bathroom, 1,181 sq ft for the two-bathroom variant, saleable basis |
| Towers and floors | Unpublished. The register describes multiple towers within a single integrated development without giving a count |
| Declared project cost | ₹281.29 crore |
| Construction start, declared | 01.05.2023 |
| Registered completion | 31.12.2028 |
| Current rate | ₹27,000 per sq ft, observed Aug. 26, 2026, area basis not stated by the source. This is the highest rate in the portfolio |
| Price band | ₹2.54 Cr to ₹3.16 Cr on the portal record |
| Sales status | Sold out from the developer. Resale only |
| Escrow bank | Sumitomo Mitsui Banking Corporation. Take the account number from the Form REP-I on the HARERA portal yourself, and never from a figure sent to you. |
| Construction stage | Photo updates from September 2023 to August 2026. June to August 2026 drone imagery shows the tower structure substantially complete, facade and fenestration advanced, landscaping under way and interior fit-out progressing |
| Architect and contractor | Unpublished for this phase |
Where the numbers fight each other. Two primary sources disagree on the unit count, and the register settles it: the promoter’s statutory page states 320 residential plus 58 EWS, totaling 378, while the HARERA record carries 380, and the register’s own apartment-by-apartment schedule sums to exactly 380. Take 380. The rate is also the highest in this portfolio and the source does not state its area basis, which matters more on a studio than on a large apartment because loading falls proportionally heavier on a small unit. Ask for carpet and saleable side by side before accepting ₹27,000. And licence 85 of 2014 shows a validity that expired on Aug. 7, 2024 on Krisumi’s own disclosure, with no published renewal, a one-question check with DTCP that touches four of these six phases.
Best suited to: a landlord targeting the corporate-lease market this format is built for, who has established the area basis behind the rate and confirmed the licence renewal position.
→ Confirm the Waterfall Suites carpet area and the current licence position (WhatsApp to [BROKERAGE NAME], RERA agent registration [AGENT REGISTRATION NUMBER].)
3. Krisumi Waterside Residences, Sector 36A
Nowhere does Krisumi’s Japanese design claim reach further beyond its architect of record than here. The developer names Nikken Housing System for the exteriors and Aoyama Nomura Design for the interiors, and neither firm publishes a page naming this project. On unit count this is also the largest phase Krisumi has registered.
| Field | Detail |
|---|---|
| Promoter entity | Krisumi Corporation Private Limited, CIN U70200HR2012PTC064545 |
| Location | Sector 36A, Gurugram. Village of record: Harsaru, per the HARERA record |
| HARERA registration | RC/REP/HARERA/GGM/812/544/2024/39 dated 08.04.2024, register-confirmed; internal ID RERA-GRG-1562-2024, certificate uploaded 06.06.2024 |
| DTCP licences | 39 of 2013 dated 04.06.2013; 85 of 2014 dated 08.08.2014; 166 of 2023 dated 18.08.2023 |
| Registered area | 2.061 hectares, or 5.0951 acres |
| Building plan approval | ZP-915/PA(DK)/2024/5471 dated 13.02.2024 |
| Product form | Apartments and penthouses, plus EWS units and convenience shopping |
| Units | 612 residential plus 108 EWS, 720 in all |
| Towers | Three, on Krisumi’s own construction updates |
| Floors | Unpublished |
| Configurations and launch prices | 2LDK at ₹4.35 Cr; 2LDK with study at ₹4.82 to ₹4.91 Cr; 3LDK at ₹5.65 Cr; 3LDK with study at ₹6.75 Cr. Krisumi does not state the area basis for these |
| Sizes | 1,740 to 1,964 sq ft for the two-bedroom, 2,260 to 2,700 sq ft for the three-bedroom, 5,453 to 5,867 sq ft for the four-bedroom penthouses, saleable basis |
| Current rate | ₹24,000 per sq ft of saleable area, portal-stamped June 2026, against ₹21,200 in the fourth quarter of 2025 |
| Price band | ₹4.18 Cr to ₹14.08 Cr |
| Possession | October 2029 on the portal record; December 2029 in the launch reporting for the combined Phase III and IV launch. Neither is a registered date this page could retrieve |
| Exterior architect | Nikken Housing System, per Krisumi. A targeted search found no page on that firm’s own site naming a Krisumi project |
| Interior designer | Aoyama Nomura Design, per Krisumi |
| Contractor | Unpublished |
| Construction stage | August 2026 imagery shows Towers 3.1, 3.2 and 3.3 in active structural construction |
What is missing here. The registered completion date for this phase could not be retrieved and the two dates in circulation sit two months apart. Possession date is the one term RERA gives a buyer a remedy on, so take it from your own signed agreement rather than any page, this one included. The launch prices also carry no area basis, so ₹4.35 crore for a 2LDK cannot be checked against the ₹24,000 rate without knowing which area it multiplies. On the saleable sizes above, 1,740 sq ft at ₹24,000 is ₹4.18 crore, close enough to suggest saleable is the basis. Krisumi has not said so.
Best suited to: a buyer who wants the largest phase Krisumi has registered, at 612 apartments plus 108 EWS units, will take the completion date from the agreement rather than the brochure, and will ask Krisumi in writing which area the quoted rate multiplies.
→ Share the Waterside Residences floor plates and the registered completion date (WhatsApp to [BROKERAGE NAME], RERA agent registration [AGENT REGISTRATION NUMBER].)
4. Waterfall Suites II, Sector 36A
Start with the arithmetic here, because the published figures for this phase cannot all be true at once. It is the smallest registered parcel in the portfolio, and it gets a full entry because a buyer looking at a sold-out phase in resale needs to know exactly which disclosure the register supports.
| Field | Detail |
|---|---|
| Promoter entity | Krisumi Corporation Private Limited, CIN U70200HR2012PTC064545 |
| Location | Sector 36A, Gurugram. Village of record unpublished for this phase |
| HARERA registration | RC/REP/HARERA/GGM/816/548/2024/43; internal ID RERA-GRG-PROJ-1573-2024. Marketing gives the registration date as 15.04.2024; the promoter’s own RERA page prints no date and this page could not confirm one on the register |
| DTCP licences | 39 of 2013; 85 of 2014; 166 of 2023 |
| Registered area | 0.3176 hectares, or 0.7850 acres |
| Building plan approval | ZP-915/PA(DK)/2024/5471 dated 13.02.2024, the identical approval cited for Waterside Residences |
| Product form | 1LDK studio and serviced-style apartments, plus a penthouse and EWS units |
| Units as disclosed | 439 residential plus 78 EWS. The HARERA record carries 517 apartments, which is the same total |
| Data integrity flag | 517 units on 0.785 acres is not buildable at the FAR this colony carries. The Phase III and Phase IV pages cite the same building plan approval and near-identical unit language, which points at colony-wide counts rather than phase counts. This page prints the registered figures and declines to compute a density from them |
| Towers | Two, marketed as a twin tower with 10 apartments per floor. Not stated on the register |
| Sizes | 940 sq ft for the 1LDK with one bathroom, 1,012 and 1,172 sq ft for the two-bathroom variants, and a 10,316 sq ft penthouse, saleable basis, from marketing |
| Price | From ₹2.1 crore. Launch reporting gave ₹2.17 crore, with penthouses from ₹25 crore |
| Rate per sq ft | Unpublished. No portal carries a separate rate for this phase |
| Declared project cost | ₹281.38 crore |
| Construction start, declared | 01.06.2024 |
| Registered completion | 30.12.2029. Krisumi’s own published allotment letter draft prints a project completion date of 31.12.2028 for the related Waterside product, and the launch reporting says December 2029 |
| Sales status | Sold. Resale only |
| Construction stage | A single August 2026 update, referencing tower 4. Thinner published evidence than any other phase |
Why this entry is the thinnest. This entry has the weakest evidence base in the portfolio and the arithmetic to match. A stated 517 units on 0.785 acres cannot be right as a phase figure, and the building plan number shared with a phase six times its size points at colony-level disclosure rather than a slip a buyer can ignore. Add an unconfirmed registration date, no published rate and one construction photograph in all of 2026, and a resale buyer here transacts on less published information than anywhere else in this portfolio. Get the certificate itself, not a web page, and the sanctioned plan for the specific tower.
Best suited to: nobody buying on the published record alone. This is a candidate only after the certificate and the sanctioned plan are in hand.
→ Ask the seller for the HARERA certificate and the sanctioned building plan for this specific tower before you discuss price. This entry carries no enquiry link, because the conclusion above is that the published record is too thin to act on.
5. Waterside Residences The Forest Reserve, Sector 36A
The Forest Reserve is Krisumi’s current launch and the first phase it has registered under the Transit Oriented Development policy, which is a statutory classification rather than a marketing one and carries a materially higher permissible density.
| Field | Detail |
|---|---|
| Promoter entity | Krisumi Corporation Private Limited, CIN U70200HR2012PTC064545 |
| Location | Sector 36A, Gurugram. Village of record unpublished for this phase |
| HARERA registration | RC/REP/HARERA/GGM/944/676/2025/47. Krisumi’s own page renders the sub-code as GGN; every HARERA certificate observed uses GGM, so this page cites GGM and notes the source spelling |
| Project classification | “Group housing colony under TOD policy,” per the registration document. A verifiable statutory classification, not a description |
| DTCP licences | 39 of 2013; 85 of 2014; 166 of 2023; 71 of 2024 dated 28.06.2024 |
| Registered area | 5.1743 acres |
| Units | 298 residential units, aggregate 532,808.06 sq ft of carpet area, explicitly on a carpet basis in the registration document. That averages 1,788 sq ft of carpet per unit across every configuration, which is an all-unit average and not a loading percentage. The register measures this phase on carpet, the marketing measures it on saleable. Ask for both figures for your unit, side by side, before accepting any rate |
| Product form | Apartments and multi-level penthouses |
| Configurations | Two-bedroom with a designated service room, three-bedroom with service room, four-bedroom with service room, and multi-level penthouses |
| Sizes and prices | 2,733 sq ft at ₹6.29 Cr and 2,776 sq ft at ₹6.38 Cr for the three-bedroom; 3,630 sq ft at ₹8.35 Cr for the four-bedroom, saleable basis on the portal record |
| Current rate | ₹23,000 per sq ft of saleable area, portal-stamped June 2026 |
| Registered completion | Unpublished. No registered completion date for this phase was retrievable. Krisumi’s project page markets possession as June 2031, and the sister registration below carries a registered date of 31.12.2031 |
| Declared project cost | Unpublished |
| Escrow bank | Unpublished for this phase. The sister registration names Sumitomo Mitsui Banking Corporation |
| Japanese design team | Nikken Sekkei as architectural designer; Aoyama Nomura Design, Nomura Co. Ltd for interiors; Nikken Sekkei Construction Management, Inc. for project management and quality control. All three are Krisumi’s own account for this phase |
| Contractor | Unpublished |
| Towers and floors | Marketed as blocks TFR-A and TFR-B. A third-party review gives 30 floors each; that figure is unverified and is not stated by the promoter |
| Construction stage | No construction update of any date has been published for this phase |
| Clubhouse | About 50,000 sq ft on the portal record |
The catch in the classification. One portal’s printed rate for this phase rose from ₹11,700 per sq ft in the first quarter of 2026 to ₹22,450 in the second. That is not a price movement, and the early figures are almost certainly a placeholder dataset that nobody should quote as this project’s price history. More materially, the TOD classification permitting the density here is the same policy Krisumi’s allotment letter uses to reserve, to itself alone, any additional floor area ratio it later acquires, exercisable on any other phase of Krisumi City. A buyer here funds a phase inside a colony whose remaining density the developer has contractually kept.
Configuration and possession detail also sits on the site’s own page for The Forest Reserve configuration and possession record.
Best suited to: a buyer who wants the newest Krisumi product, on the largest parcel Krisumi has registered since Phase 1 at 5.1743 acres against Waterfall Residences’ 5.43, has read the TOD entitlement clause in the allotment letter, and accepts a June 2031 date with no construction evidence published yet.
→ Tell me which Forest Reserve blocks are released and what the carpet schedule shows (WhatsApp to [BROKERAGE NAME], RERA agent registration [AGENT REGISTRATION NUMBER].)
6. Waterside Residences The Forest Reserve-II, Sector 36A
The register carries more fields for this phase than for any other, a unit schedule apartment by apartment, a declared cost, an escrow account and a construction start date, and two of those figures do not survive arithmetic. What it describes is a single tower on 1.31 acres.
| Field | Detail |
|---|---|
| Promoter entity | Krisumi Corporation Private Limited, CIN U70200HR2012PTC064545 |
| Location | Sector 36A, Gurugram. Village of record: Harsaru |
| HARERA registration | RC/REP/HARERA/GGM/944/677/2025/47 dated 17.03.2025, register-confirmed; internal ID RERA-GRG-PROJ-1901-2025. Two secondary sources print 945 in place of 944 and one shifts the year-serial to 48; neither rendering verifies |
| DTCP licences | 39 of 2013 dated 04.06.2013; 85 of 2014 dated 08.08.2014; 166 of 2023, which the register dates 18.10.2023 and both Krisumi and the registration document date 18.08.2023; 71 of 2024 dated 28.06.2024 |
| Registered area | 1.3125 acres |
| Towers | One |
| Units | 284 apartments on the register’s stated total. Registered schedule, carpet basis in square meters: four at 141.85, 43 at 433.32, two at 117.98, 40 at 149.26, 37 at 148.06, 100 at 132.07, two at 392.62. Two things in that line do not survive arithmetic. The schedule sums to 228 units, not 284. And its carpet aggregate of 44,877 sq m runs 2.4 times the 18,590 sq m that 1.3125 acres permits at the registered FAR of 3.5. The 43 units at 433.32 sq m are the single largest contributor to that discrepancy, because 433.32 sq m is 4,664 sq ft of carpet, larger than every non-penthouse saleable size Krisumi markets anywhere in this portfolio, in a schedule already carrying two units at 392.62 sq m where the penthouses would sit. Removing that row still leaves 26,244 sq m against the 18,590 permitted, so more than one row is wrong. This page prints the register’s figures, flags both and computes no density from them |
| Permissible and proposed FAR | 3.5 |
| Declared project cost | ₹473.82 crore |
| Construction start, declared | 01.10.2025 |
| Registered completion | 31.12.2031. Krisumi markets possession as June 2031, six months earlier than the date it registered |
| Escrow bank | Sumitomo Mitsui Banking Corporation. Take the account number from the Form REP-I on the HARERA portal yourself, and never from a figure sent to you. |
| Rate and price | Marketed and priced with entry 5. No separate rate is published |
| Contractor | Unpublished |
| Construction stage | No construction update published, against a declared construction start of Oct. 1, 2025 |
The date problem. Krisumi markets a June 2031 possession against a registered date of Dec. 31, 2031. The registered date governs, and a delay claim is measured from it. A marketing date six months ahead is not a commitment, and buying on one is the most common avoidable error on this corridor. Beyond that, a tower with a declared construction start of Oct. 1, 2025 carries no published construction evidence eleven months later and no quarterly progress report.
Combined across entries 5 and 6, the register shows 582 apartments on 6.4868 acres, while the portal record for the same two blocks shows 542 units on 6.41 acres. This page prints both and adopts neither.
Best suited to: a buyer who wants the most precisely documented registration in the portfolio, a single tower on 1.31 acres, and who will write the registered December 2031 date into their own expectations rather than the marketed one.
→ Get the Forest Reserve-II unit schedule and the registered completion date in writing (WhatsApp to [BROKERAGE NAME], RERA agent registration [AGENT REGISTRATION NUMBER].)
What Krisumi has actually delivered
This section separates what is certified from what is asserted, and gives each the same specificity.
The delivered record
One building, 510 units, one occupation certificate. Waterfall Residences holds 433 apartments and 77 EWS units on 5.43 registered acres, and Krisumi announced its occupation certificate on Feb. 27, 2025. On a corridor where this series has repeatedly failed to retrieve a certificate number from far larger developers, a published certificate deserves stating as a positive.
Three qualifications belong beside it. Krisumi publishes the certificate as a non-OCR scan, so its memo number, officer, exact date and part-or-full status cannot be read. The contractual possession date was June 30, 2024 against a certificate Krisumi published in December 2024, whose own date cannot be read. And no occupation certificate exists for any other phase, because no other phase is finished. Cushman & Wakefield has managed the building since February 2025, covering common areas and the clubhouse; the contract term, fee and maintenance rate are unpublished.
What “Japanese quality” concretely means here
Krisumi’s proposition rests on Japanese design and construction. Sorted by what can be verified, it comes to three tiers.
Confirmed by a third party. Nikken Sekkei’s own project page names it as design architect of Waterfall Residences and records the client, a site area of 21,600 sq m, a total floor area of 117,000 sq m including parking, and 433 residential units. A Japanese practice of the first rank confirming its own authorship is real evidence. It covers Phase 1 only, and no Nikken page was located for any later phase.
Krisumi’s own account. Nikken Housing System for exteriors, Aoyama Nomura Design for interiors, and Nikken Sekkei Construction Management for project management and quality control on later phases. A targeted search found no page on Nikken Housing System’s own site naming a Krisumi project. Business Today relayed the same account in April 2026, which is a better citation than the company’s page but is still the company’s account.
Absent at the level that binds anyone. The construction standard in the buyer’s paperwork is Indian. Section 6 of the agreement for sale obliges the promoter to build in accordance with the Haryana Building Code 2017, FAR and density norms and the approved plans, and the allotment letter says that code or the National Building Code. No Japanese code, standard or JIS reference appears in either document. Defect liability runs five years from handover, the statutory minimum rather than an enhancement.
A targeted search also found no seismic design statement of any kind, no third-party green certification claimed on any Krisumi page, and no civil contractor named for any phase, anywhere. The Waterfall Suites registration file does carry structural drawings establishing a reinforced-concrete shear-wall frame, which is a fact about the structure and not a seismic claim. The buyer’s paperwork names TOTO and Grohe sanitary ware and VRV air-conditioning: a fittings brand, not a construction standard.
The fair summary: the Japanese proposition is verified on design authorship for Phase 1, is the developer’s own account on management and quality control, and is absent on construction standard, where the only code binding Krisumi binds every other Gurugram developer too.
What the joint venture guarantees a buyer
Nothing. Three documents establish it and none is a marketing page.
Krisumi’s agreement for sale names Krisumi Corporation Private Limited as promoter and the allottee as the other party, with neither Sumitomo Corporation nor Krishna Group appearing as party, guarantor, confirming party or surety anywhere in it. The allotment letter allots in Krisumi’s name alone and never mentions Krishna Group. Sumitomo Corporation India’s own page describes the venture and states no commitment of any kind to homebuyers. The only Sumitomo name in a buyer’s paperwork is Sumitomo Mitsui Banking Corporation, the escrow bank, and a bank sharing a family name is not a guarantee.
One Sumitomo guarantee does exist, and it runs to lenders. CARE Ratings recorded on Jan. 20, 2021 an unconditional and irrevocable ₹50 crore corporate guarantee from Sumitomo Corporation, Japan, covering half of a ₹100 crore bank facility, alongside a ₹50 crore personal guarantee from Ashok Kapur. That guarantee is why the facility carried a credit-enhanced CARE BBB (CE) rating, while the unsupported rating, stripped of the guarantee, was CARE BB+, two notches lower and below investment grade. It is a lender’s security and confers nothing on an allottee.
The documents are equally plain on forum. The allotment letter gives the courts at Gurugram exclusive jurisdiction with no arbitration clause, and section 33 of the agreement routes disputes to the adjudicating officer under the Act, meaning HARERA. No Japanese forum and no parent-company recourse exists.
The corporate and financial position
| Item | Finding |
|---|---|
| Structure | 50:50 joint venture, Krishna Group and Sumitomo Corporation, equal board participation, per CARE Ratings’ due diligence of Jan. 20, 2021 |
| Incorporation | May 24, 2012 |
| Board, August 2026 | Six directors, three Indian and three Japanese |
| Paid-up capital | ₹878.11 crore, 877,213,514 shares, at FY2022-23 |
| Net worth | ₹560.03 crore at FY2022-23 |
| Shareholders | Three in total. Largest identified individual holding is 46.51% |
| Exact Sumitomo shareholding | Unpublished. The FY2022-23 annual return filed its promoter and public shareholding tables blank, categories printed with no figures. Whether Sumitomo holds directly or through its India subsidiary is disclosed nowhere |
| Turnover, FY2022-23 | Effectively nil, on a completion-based policy in a year when no phase held a certificate |
| Rating history | One rating, CARE BBB (CE) in January 2021. A CRISIL rationale of August 2021 exists and could not be read, alongside a second CRISIL document whose filename convention indicates a rating the issuer did not accept. No published rating action since |
Two figures need separating. Krisumi’s chairman told Business Today in April 2026 that ₹4,000 crore had already been realized from phases 1 to 4, while the company’s annual return records effectively nil turnover for FY2022-23. They do not conflict: the first is cumulative sales value booked, the second revenue recognized under a completion-based policy. Never read a booking figure as revenue.
The adjudicated record
Every item below is an order, a proceeding or an official act, with its forum.
One matter was located, it is pending, and no order has been published. HARERA Gurugram case RERA-GRG-3185-2022, cause title “HARERA Gurugram through Asha v. Krisumi Corporation Private Limited,” is an authority-initiated compliance proceeding, not a homebuyer’s complaint. The notice-remarks field records compliance under what corresponds to section 4(2)(l)(D) of the RERA Act, the obligation to hold 70% of allottee realizations in a separate account and to file a chartered accountant’s certified statement annually. HARERA dispatched first notice on June 3, 2022 and held a first hearing on June 30, 2022. The order field and the order-uploaded field both show blank. No adverse finding has been published, no amount, no penalty and no appeal. Four years on there is still no uploaded order. It is an open regulatory compliance matter with an unpublished outcome and it must not be read as a violation.
Verified nils. Each is a targeted search that returned no published record, and none is a clean-record claim. No Appellate Tribunal order, no consumer-forum decision at any level, no High Court or Supreme Court judgement, no insolvency or company petition, no Water Resources Authority penalty, no environmental non-compliance finding against clearance EC23B038HR172193, and no GST, Serious Fraud Investigation Office, CBI or Enforcement Directorate action names Krisumi or its promoters. No DTCP licence cancellation or show-cause notice was located either, but the DTCP licence register itself was unreachable during verification, so that one is unverified rather than nil. Krisumi’s own annual return for FY2022-23 records nil against penalties and nil against compounding of offenses for that year.
One important limit on all of that. HARERA Gurugram’s complaint search accepts only an authority, a case number and a case year, so it cannot be searched by respondent. The matter above surfaced only because its case-detail page happens to be indexed, and scanned order PDFs on the same site are not. No complaint count against Krisumi, or against any promoter, can be stated. The count above is a floor, not a total.
Alleged but not adjudicated. Square Yards, a portal that is itself a broker, carries 20 reviews of Waterfall Residences averaging 4.3 out of 5, spanning December 2023 to March 2026, with 30% of reviewers recorded as agents; the negative content covers delayed possession, refund processing and pricing. MouthShut carries one negative review headed “Worst experience with Krisumi Waterfall Residence,” whose body did not render. Both are unverified user-generated content on commercial platforms, useful for identifying what to check and not findings. No investigative reporting, no named-source allegation in any mainstream outlet and no regulatory allegation beyond the pending compliance matter was located.
Construction evidence on the five unfinished phases
The regulatory record is empty, and that is the finding. The Haryana quarterly progress report regulations require a promoter to file Form QPR-1 within fifteen days of each quarter end, and provide that the information becomes open for public viewing once uploaded. A targeted search located no Krisumi QPR-1 on the HARERA website and no published construction-completion percentage for any Krisumi project from any regulatory source.
What exists instead is the developer’s own dated photography, self-published and independently unverified. Waterfall Suites carries updates through August 2026 showing a substantially complete structure, Waterside Residences shows three towers in structural construction, Waterfall Suites II carries a single 2026 update, and both Forest Reserve phases carry none against a declared construction start of Oct. 1, 2025 for the second.
For five unfinished phases, three carrying registered completion dates between December 2028 and December 2031 and two carrying no retrievable registered date at all, the only progress evidence a buyer can consult is photographs the seller took. These sit among the corridor’s towers still under construction, where the same evidence gap is the norm rather than the exception.
Krisumi City: what was promised and what is registered
In February 2018 Krisumi announced Krisumi City as a 65-acre development, 18 million sq ft, a $2 billion investment over four to five years, comprising residential apartments across budget tiers, a high-end retail mall, education institutions, a premium hotel and premium office space, with Nikken Sekkei as master-plan architect.
Phase 1 arrived essentially as announced. The 2018 promise of 1.2 million sq ft and 430 to 450 apartments maps onto the registered Waterfall Residences at 433 units and 9.21 lakh sq ft saleable. The gap is not in Phase 1. It is in everything the residential was meant to sit beside.
As at Aug. 26, 2026, no commercial, retail, hotel, office, school or plotted component of Krisumi City has reached HARERA registration. Eight years and six months on, every registered square foot under Krisumi’s name in Sector 36A is residential group housing. Four checks establish it, three from Krisumi’s own regulatory filings:
- Krisumi’s project report for The Forest Reserve, filed with HARERA, prints a unit-type table whose commercial row reads, verbatim, “Commercial Nil Nil.”
- Krisumi’s application form for Forest Reserve-II, also filed with HARERA, confirms commercial phases exist in the licensed layout while placing them outside residents’ rights: the common access road serves occupants of all phases of Krisumi City “(other than commercial)”, twice in one sentence. Commercial phases are planned, contractually carved out of what a resident may use, and unregistered. All three are true at once.
- Krisumi’s draft allotment letter defines Krisumi City in exclusively residential terms. No mall, no hotel, no office and no school appears anywhere in the contractual definition the buyer signs.
- The environment clearance of April 2023 covers residential only: 779 dwelling units including 139 EWS, seven towers, no commercial, retail, hotel or office land use broken out.
One near-miss should not be misread. A trade report in May 2023 said Krisumi was establishing a “hospitality vertical to manage the project.” That is a facilities-management arm rather than a hotel, and Cushman & Wakefield’s appointment superseded it in February 2025.
One residual uncertainty. The DTCP licence register was unreachable during verification, so a commercial colony licence at Sector 36A cannot be excluded by direct search. What can be said is that none of Krisumi’s six RERA disclosure pages cites a licence beyond the four group-housing ones, and no announcement of another exists anywhere retrievable.
The area figures, and what each one measures
Five published figures circulate. They are not versions of one number. They measure five different things at five different dates, and the trajectory between them is coherent.
| Figure | Source and date | What it measures |
|---|---|---|
| 65 acres | Press reports of the JV launch, Feb. 22, 2018 | An intended land assembly, stated before licensing was complete. It has never appeared in any licence, registration or clearance document Krisumi has produced |
| 25.10 acres | HARERA registration certificate RC/REP/HARERA/GGM/2018/03, dated 08.05.2018 | The licensed colony area at first registration |
| 27.48 acres | Environment clearance EC23B038HR172193, April 5, 2023 | The total plot area of the group-housing expansion cleared in 2023. A portal misattributes this figure to Waterfall Residences alone, which registers 5.43 acres |
| 30.38 acres | Trade press, May 25, 2023 | Total colony area as reported, with the aspirational verb “aims to cover” |
| 33.38125 acres | Krisumi’s own HARERA application form | Krisumi’s declared total area of Krisumi City, in a statutory filing. This is the strongest of the five, and it is what the “33.5 acres” in April 2026 reporting rounds to |
| ≈21.7 acres | Arithmetic on the six registered phase areas | The registered residential footprint. What a buyer’s RERA protection actually covers |
The 65-acre and 33.4-acre figures are not in conflict. The colony grew as licences were added, from 25.10 acres licensed in 2018 to 33.38 declared in a 2025 filing. The 65 acres was never a measurement, and Krisumi’s own statutory declaration seven years later is roughly half of it.
The number that matters to a buyer is the last one. Against 33.38 acres declared, roughly 11.7 acres of Krisumi City, about 35% of it, sits outside any residential registration. That is where the unregistered commercial phases live.
No source has restated the 2018 promise of 18 million sq ft since February 2018. The only regulator-measured built-up figure in existence is the April 2023 clearance’s 177,387.14 sq m, about 1.91 million sq ft, for the expansion it covers. That is not the whole colony and so not a total, but it is roughly a tenth of the announced number.
What an early-phase buyer is and is not guaranteed
Krisumi’s own published allotment letter answers this, and it answers it against the buyer. Quoted from the document Krisumi publishes:
- “‘Krisumi City’ refers to residential group housing project(s) / township(s) / colony(ies)”, and the project bought is developed “as a separate phase within Krisumi City.” The buyer buys a phase, not a township.
- The company is “fully entitled, in its sole and absolute discretion” to acquire additional floor area ratio and “to utilize the said FAR on any other phase / area of the ‘Krisumi City'”, and the buyer “shall not have any right, title or interest whatsoever in such additional FAR.” The version filed with HARERA extends this to constructing additional buildings under the Transit Oriented Development policy. Forest Reserve is registered under exactly that policy at FAR 3.5, so this is a live entitlement rather than a theoretical one.
- The company has “the right to integrate additional land parcel(s) in the Licenses and alter (increase or decrease) the area of Krisumi City.” The developer has expressly reserved the right to shrink the township.
- The company “may amend / modify / alter the sanction plan, layout plan, specifications, building plan” of Krisumi City. A mall, hotel, school or office shown on any layout is not a commitment.
- The club “shall not form part of the common areas and facilities of the Project and the Company shall have the exclusive right to deal with the Club including to sale, lease and / or transfer the same.” Membership sits inside the price, usage charges are payable separately under a separate agreement, and the buyer owns none of it. Krisumi announced a separate two-acre, ₹350 crore club in June 2024; it is not separately registered, and this clause governs it.
- On the common green, no resident of the project “or any other part of Krisumi City shall have or claim exclusivity of rights or interest therein.”
The sentence a buyer should carry away. Your statutory protection covers the registered phase you bought, one of six registrations totaling roughly 21.7 acres. It does not cover the remaining 11.7 acres of the colony Krisumi has declared to the regulator, it does not cover the commercial phases the same filing expressly excludes you from, and the developer’s own allotment letter reserves the right to alter the layout, to shrink the colony and to take the whole benefit of any additional density it later acquires. The 2018 mall, hotel, schools and offices are not, and have never been, contractual.
Price reality: Krisumi against the corridor
Four of Krisumi’s six phases carry a published rate, running from ₹19,350 to ₹27,000 per sq ft, observed June to August 2026. The lower figure sits on a stated saleable basis; the ₹27,000 sits on a basis its source does not state, and entries 4 and 6 carry no published rate at all. Where that range sits depends entirely on what you compare it against, and two of the available comparisons are not comparisons.
The sector, and the two figures it publishes
Sector 36A has no published multi-month rate series. What exists is two snapshots that agree closely:
| Source | Rate | Area basis | Observation |
|---|---|---|---|
| Square Yards, Sector 36A locality page | ₹19,800/sq ft | Not stated by the portal; its project tables on the same site are headed “saleable area” | Observed Aug. 26, 2026. The page carries no rate date |
| NoBroker, Sector 36A | ₹19,325/sq ft | Not stated | Page’s own overview dated August 2026 |
The two sit within 2.5% of each other. This page prints both and averages neither. A portal also prints a +1.14% change for the sector with no comparison period stated, which is why no year-on-year figure for Sector 36A appears anywhere on this page.
Krisumi against named projects
All rates below are asking rates on a portal, on a stated or implied saleable-area basis. An asking rate is not a transacted rate.
| Project | Sector | Rate/sq ft saleable | Observation | Price band |
|---|---|---|---|---|
| Delphine Central Park Estates | 104 | ₹29,300 | June 2026 | ₹2.88-14.56 Cr |
| Krisumi Waterfall Suites | 36A | ₹27,000 | Observed Aug. 26, 2026, no month stamp | ₹2.54-3.16 Cr |
| Whiteland Urban Resort | 103 | ₹24,300 | June 2026 | ₹6.88-11.58 Cr |
| Krisumi Waterside Residences | 36A | ₹24,000 | June 2026 | ₹4.18-14.08 Cr |
| Krisumi The Forest Reserve | 36A | ₹23,000 | June 2026 | ₹6.29-8.35 Cr |
| Max Estate 361 | 36A | ₹22,350 | Observed Aug. 26, 2026 | ₹6.02-9.12 Cr |
| M3M Mansion | 113 | ₹22,000 developer-side; ₹18,000 resale asking | June 2026 | ₹3.60-14.73 Cr |
| Max Estate 360 | 36A | ₹21,200, with ₹22,050 printed elsewhere on the same page | June 2026 | ₹5.54-7.49 Cr |
| Godrej Vrikshya | 103 | ₹19,700 | Q2 2026 | ₹3.84-7.27 Cr |
| Krisumi Waterfall Residences | 36A | ₹19,350 | June 2026 | ₹2.80-12.29 Cr |
| Emaar Urban Ascent | 112 | ₹17,900 | June 2026 | ₹3.79-5.51 Cr |
| Adani The Marq | 102A | ₹17,000 | Observed Aug. 26, 2026 | ₹4.04-5.60 Cr |
| Smartworld One DXP | 113 | ₹16,450 | June 2026 | ₹2.80-6.20 Cr |
Sector 36A is neither the corridor’s ceiling nor its floor. Its ₹19,350 to ₹27,000 spread runs across and above the Sector 112, 113 and 102A cluster and overlaps the Sector 103 premium cluster. Only one project in the set prints higher than any Sector 36A project, and its own quarterly series is unreliable.
The most useful comparison sits inside the sector. Max Estate 360 and 361 are in Sector 36A on 11.8 and 14.2 acres. Max Estate 361 alone holds more land than any single Krisumi phase, the largest of which is Waterfall Residences at 5.43 acres, and the two Max parcels together, at 26 acres, hold more than all six Krisumi registrations combined. They ask ₹21,200 to ₹22,350 against Krisumi’s ₹19,350 for delivered stock and ₹23,000 to ₹27,000 for everything unbuilt. On unit count the gap narrows and then reverses: Max Estate 361 registers 1,332 units and Max Estate 360 registers 865, against 720 for Krisumi’s largest phase, so the Max parcels carry more land and more units but at 73 to 94 units per acre against Waterside Residences’ 141. The choice is between a delivered building at the sector’s lowest rate and 94 units per acre itself, unbuilt Krisumi product at the sector’s highest rate and 141 units per acre, and the Max parcels next door at 73 to 94.
Two comparisons this page will not make
Do not compare Sector 36A’s asking rate against the corridor’s quoted base price. Anarock puts Dwarka Expressway at ₹14,000 per sq ft for the first quarter of 2026 on an explicit built-up area, base-price basis, while the portal’s ₹19,800 for Sector 36A is an asking rate on saleable area including the loading. Those measure different things in one transaction, and dividing one by the other to produce a premium is arithmetic on incompatible units.
Do not treat two published quarterly jumps as appreciation. One comparator’s series shows a 53% single-quarter rise and another a 120% one. Neither is a price movement; both are dataset or mix changes, named here so nobody repeats them.
The developer’s own long series
Krisumi’s chairman told Business Today in April 2026: “Launching our first project at ₹8,500 per sq. ft … today Krisumi City commands around ₹24,000 per sq. ft.” The source states no area basis. At face value that is roughly a 182% rise over about seven years, and a mid-point corroborates the direction, with trade press reporting Phase 2 at around ₹16,000 per sq ft in May 2023. Treat it as a developer statement about its own pricing, not a market measurement.
Corridor-wide context, for what it is worth against a different basis, sits on the page tracking what Sector 102 looks like by comparison.
Resale and rental in the delivered building
Waterfall Residences is the only Krisumi phase that can trade, and the depth is substantial rather than thin.
| Measure | Figure | Observation |
|---|---|---|
| Resale listings | 94+ on the portal’s resale page; 77 on its own project page for the same building | July 2, 2026 and June 2026 respectively |
| Resale asking | ₹18,000 to ₹18,500/sq ft on the resale page; ₹19,400/sq ft median on the project page | Same two pages |
| Individual asks | ₹2.7-3.1 Cr for two-bedroom, ₹3.5-5.4 Cr for three-bedroom, top listing ₹11.29 Cr for a 4,000 sq ft four-bedroom. That top listing implies about ₹28,200 per sq ft, well outside the band above it, and is an outlier ask rather than evidence of the resale rate | July 2026 |
| Rental listings | 61+, shown as 20 two-bedroom and 24 three-bedroom | Aug. 5, 2026 |
| Rent band | ₹66,000 to ₹2.5 lakh per month on the rent page; ₹1.4 lakh to ₹1.8 lakh on the project page | Aug. 5, 2026 and June 2026 |
| Sector rent | ₹76/sq ft per month, with a stated rental yield of 4.61% | Observed Aug. 26, 2026 |
One portal disagrees with itself three times on one building, on listing count, asking rate and rent band. This page prints both sides of each and adopts none. The direction is consistent either way: on a 433-unit block, roughly 18% to 22% of the stock sits on the resale market at once. That is deep liquidity 18 months past possession, and it cuts both ways. A buyer has real choice; a seller has real competition.
Two cautions on the rental figures. Krisumi’s chairman states about ₹100 per sq ft against the portal’s ₹76, roughly 32% higher, unreconciled here. And Waterside Residences, under construction with possession in 2029, carries seven or more rental listings on the same portal. Listings for an unbuilt building are a data artifact rather than a rental market, and a warning about portal rental counts anywhere on this corridor.
On occupancy, Business Today reported in April 2026 that roughly 25% of Krisumi City residents are Japanese families and that Maruti Suzuki’s managing director had expressed interest in leasing 100 studio apartments. Both are company-sourced figures carried by the outlet, neither is an independently verified count, and one passage references 112 apartments against a registered first phase of 433, which looks like one tower rather than the phase.
Where the Krisumi record runs thin
The address is adjacency, not frontage. Sector 36A is not on the NH-248BB alignment, the planning department is proposing to build the road that would connect it, and that proposal carries no approval order and no timeline. Any appreciation case resting on frontage rests on a premise the documents contradict.
Everything sits in one sector on one set of licences. Six registrations, one colony, one micro-market, no geographic diversification, and no sector rate series to check it against.
About 35% of the declared colony carries no residential registration. Roughly 11.7 of the 33.38 acres Krisumi declares to the regulator sits outside every registration a buyer is protected by, and the developer’s own filing carves residents out of the commercial phases planned there.
The regulatory progress record is empty. No quarterly progress report was located for any phase, so for five phases completing between 2028 and 2031 the only evidence is the developer’s own photography.
One licence shows an expired validity on the developer’s own disclosure with no renewal published, a single question to DTCP that touches four of these six phases.
The certificate that exists cannot be read. Krisumi publishes its one occupation certificate as an image, so the memo number, the officer and the part-or-full status are unreadable from the file. No contractor is named anywhere, for any phase, and no seismic or third-party certification claim exists for a developer selling on construction quality.
Take these three questions to the sales office
Everything above is inputs. These are three ways to use them, and all three work on any Gurugram project.
1. Establish the address from the registration, not the brochure
Pull the HARERA registration and the environment clearance and read what the promoter tells a regulator its address is. Here that answer is “Sector 36A, Gurgaon Manesar Urban Complex” and the marketing answer is “Dwarka Expressway.” Where they differ, the regulator-facing one is what a valuer, a lender and a future buyer will find. Then check the sectoral plan: if a connector road is still a proposal, price it as one.
2. Read the certificate, not the status label
“Delivered,” “Ready to Move” and “OC Received” are three claims and only the third names a document. Ask for:
- the occupation certificate for your tower, with memo number and date, in a readable copy. On this developer that is not a formality, because the published copy cannot be read;
- the registered completion date from the HARERA certificate, not the marketed possession date. On Forest Reserve-II those differ by six months, and only the registered one governs a delay claim;
- for anything under construction, the quarterly progress report. If none exists you are relying on the seller’s photographs, and you should know that before you pay.
3. Establish who your counterparty actually is
On a joint-venture developer this matters most. Read the agreement for sale and the allotment letter and find the guarantor. Here there is none: the parties are you and Krisumi Corporation Private Limited, and the parent companies appear nowhere. Confirm the escrow account named in the registration, and the forum, which is HARERA and the courts at Gurugram, with no arbitration clause and no foreign recourse.
What a failed check actually costs to escalate. A complaint under Section 31 goes to HARERA Gurugram on Form CRA under rule 28(1) of the Haryana RERA Rules 2017, with the Schedule III fee of ₹1,000 per complaint plus ₹10 per annexure, by demand draft or online. No lawyer is needed.
The documents, in the order to ask for them:
| Document | Why it decides the outcome | Applies to |
|---|---|---|
| HARERA registration certificate and any extension | It carries the registered area, unit count and the completion date that governs a delay claim | All |
| Occupation certificate for your tower, readable | The only document that makes “delivered” mean delivered | Entry 1 and any resale |
| Agreement for sale and allotment letter, unsigned drafts first | They name your counterparty, the build standard, the club terms and the developer’s reserved rights | All |
| DTCP licence numbers and current validity | One licence on this colony shows an expired validity with no published renewal | All |
| Environment clearance, and the sanctioned plan for your tower | The clearance states the address, unit count and built-up area a regulator cleared; two phases here cite one approval number for very different parcels | All |
| Quarterly progress report | None was located for any phase; its absence is the answer | All under construction |
| Maintenance rate, club terms and the deed of declaration | The club is expressly not a common area and usage charges sit outside the price | All |
Matching the six phases to a buyer
| If you are | The shortlist | Why, and what you give up |
|---|---|---|
| Buying a home you can occupy now | Waterfall Residences | The only Krisumi building with an occupation certificate, at the lowest rate in the portfolio, with real resale choice. You give up a readable certificate and a published maintenance rate, and you inherit whatever the association position is, which is itself unpublished |
| Buying to let to the corporate market | Waterfall Suites, then Waterfall Suites II in resale | The 1LDK format is built for the corporate lease this developer attracts, and the structure is substantially complete. You give up an area basis on the rate, and Suites II has the thinnest published record here |
| Buying the largest unit count | Krisumi Waterside Residences | Three towers, 612 apartments, Krisumi’s largest phase by unit count, in active structural construction. You give up three years, and you must take the completion date from your agreement because two dates circulate |
| Buying the newest product above ₹6 Cr | The Forest Reserve, entries 5 and 6 | The current launch, registered under the TOD policy, with a 298-unit carpet schedule in the registration. You give up five years, all construction evidence, and any claim on the additional density the same policy lets the developer take elsewhere |
| Wanting Japanese construction standards specifically | Nothing here delivers that contractually | Nikken Sekkei’s authorship of Phase 1 is real and confirmed by Nikken Sekkei. The code binding Krisumi in your agreement is the Haryana Building Code 2017, and defect liability is the statutory five years. If a Japanese standard is the reason you are buying, get it written into the agreement or accept that it is not there |
| Wanting a Dwarka Expressway address | Look elsewhere on the corridor | Sector 36A is adjacent to the corridor, not on it, and the connector road is a proposal. If corridor frontage is the point of the purchase, the 99 to 113 sectors are where it exists |
| Wanting the parent company to stand behind the purchase | Nothing in this portfolio fits | Neither Sumitomo Corporation nor Krishna Group is a party, guarantor or surety in any buyer document. The one Sumitomo guarantee on record ran to lenders in 2021 |
Frequently Asked Questions
If the connector road is never built, what changes for me?
Nothing about your title, everything about your access story. Sector 36A reaches the corridor today via NH-48 and the Kherki Daula interchange and would continue to. The road is a proposal whose objection window closed in April 2026 with no approval order since. Price the sector on the access it has.
Krisumi registered Forest Reserve under the TOD policy. What does that give the developer?
Higher permissible density, at a proposed FAR of 3.5. It also activates the allotment-letter clause reserving to the company alone any additional floor area ratio it acquires, exercisable on any other phase of the colony. Density near transit is the policy’s purpose; who captures its value is decided by that clause.
The developer publishes an occupation certificate I cannot read. Can I get a readable one?
Yes, from the issuing authority rather than the developer. The Town and Country Planning Department grants occupation certificates for licensed colonies in Haryana, and the memo number and date on the face are what a lender and a valuer want. Ask the seller first, then the department.
My agreement names only Krisumi Corporation. Is that normal for a joint venture?
It is normal and it is the point of the structure: a joint-venture company is a separate legal person, and its shareholders do not become parties to its contracts. What is not normal is buying on a parent’s name without checking. Read the parties clause, look for a guarantor, and if none exists your recourse runs against the joint-venture company alone.
One licence expired in August 2024. What happens if it was never renewed?
A lapse does not void a completed sale or a registration already granted, but it bears on what the colonizer may lawfully do next on that land and on what a lender’s legal opinion will say. Krisumi’s own disclosure carries the expiry and no renewal. Ask DTCP for the current status of licence 85 of 2014 before paying on any of the four phases citing it.
If I buy in Waterfall Residences on resale, do I get the five-year defect liability?
The five years under section 14(3) run from handover of the project, not from your purchase, so a resale buyer inherits what remains rather than starting a fresh clock. On a certificate published in December 2024 that leaves a little over three years. Establish the handover date in writing and ask what defect claims the seller has raised.
What happens if the commercial phases are never registered at all?
Nothing you can enforce. The 2018 mall, hotel, schools and offices appear in no registration, and the contractual definition of Krisumi City a buyer signs is residential only. If they are never built you lose amenities nobody promised you in writing; if they are built you have no access rights, because Krisumi’s own filing carves residents out of the commercial phases twice in one sentence.
Nobody has rated this company since 2021. Does that mean anything?
It means no current independent read on the balance sheet exists, which is a gap rather than a signal. The last rating reached investment grade only because of a Sumitomo guarantee to lenders, and the standalone equivalent sat two notches lower. On a purchase completing in 2031, ask for a current rating rationale or the latest audited accounts.
What the six registrations add up to
Krisumi’s real strength is that one of its buildings exists. Waterfall Residences holds an occupation certificate, houses an established resident community, trades with genuine depth at the lowest rate in its own sector, and carries an architect of international standing who confirms the work on its own site. On a corridor where this series has repeatedly failed to retrieve a single certificate number from far larger developers, that is worth more than it sounds.
Its weakness is everything sitting between the marketing and the register. The corridor in this article’s title runs past this land without giving onto it, and the planning department is proposing to build the road that would connect the two. About 35% of the declared colony carries no registration, and the commercial phases planned there expressly exclude residents. The Japanese proposition is real at the level of design and absent at the level of the code the contract binds. Neither parent guarantees the buyer anything. And for five phases handing over between 2028 and 2031, no quarterly progress report exists.
None of that makes this a developer to avoid, and the delivered building is a good one. It makes this a portfolio where the gap between what is marketed and what is registered runs wider than usual, and where reading the register closes almost all of it.
So the one check that applies to every phase here: establish the address, the counterparty and the certificate from documents rather than from pages. The registration says where you are. The agreement says who owes you. The certificate says whether the building is finished. Get those three and the rest of this page is a shortlist.
For how this corridor compares against the alternative most buyers weigh it against, see the analysis of how Dwarka Expressway measures up against the Noida corridor.
Where every claim on this page comes from
Each item names a document a reader can pull independently.
HARERA Haryana, Gurugram bench.
Registration records for RC/REP/HARERA/GGM/2018/03, GGM/715/447/2023/59, GGM/812/544/2024/39, GGM/816/548/2024/43, GGM/944/676/2025/47 and GGM/944/677/2025/47, with internal project records RERA-GRG-PROJ-1302-2023, RERA-GRG-1562-2024, RERA-GRG-PROJ-1573-2024 and RERA-GRG-PROJ-1901-2025, plus Krisumi’s uploaded project report and application form for the two Forest Reserve phases, and case detail for RERA-GRG-3185-2022.
Town and Country Planning Department, Haryana.
Licences 39 of 2013, 85 of 2014, 166 of 2023 and 71 of 2024. Building plan approvals ZP-915/Ad(RA)/2018/1568, ZP-915-II/PA(DK)/2023/2405 and ZP-915/PA(DK)/2024/5471. The revised sectoral plan public notice for Sectors 36, 36A, 36B and 37B dated March 9, 2026.
State Environment Impact Assessment Authority, Haryana.
Environment clearance EC23B038HR172193 dated April 5, 2023, as published by Krisumi, covering a plot area of 111,213.50 sq m, built-up area of 177,387.14 sq m, 779 dwelling units including 139 EWS, and valid to April 5, 2033.
Krisumi’s own statutory and contractual documents, all published by the company: its RERA disclosure page for each phase, its draft agreement for sale of December 2020, its draft allotment letter of December 2023, its Form MGT-7 annual return for FY2022-23, and the scanned grant of occupation certificate. Companies register: CIN U70200HR2012PTC064545, incorporated May 24, 2012, and the board as at August 2026.
CARE Ratings Limited, press release of Jan. 20, 2021, for the 50:50 structure, equal board participation, the BBB (CE) and unsupported BB+ ratings, the ₹50 crore Sumitomo corporate guarantee to lenders, the ₹50 crore personal guarantee and the September 2020 sales position. A CRISIL rationale of Aug. 11, 2021 exists and could not be retrieved.
Nikken Sekkei Ltd, project page for Waterfall Residences, a third-party primary source rather than a Krisumi page. Haryana Building Code 2017; the RERA Act 2016, sections 4(2)(l)(D), 14(3) and 31; the Haryana RERA Rules 2017, rule 28(1) and Schedule III. HSIIDC Global City, the project’s official site, for the sector list. National Highways Authority of India, toll information record for the Kherki Daula plaza on NH-48, for the kilometer 42 location and the kilometer 11.060 to 42 tollable stretch.
Press reports, named where used. Business Today, Feb. 22, 2018, for the JV launch and the component list, and April 13, 2026, for the ₹8,500 to ₹24,000 rate statement and the 33.5-acre figure. Business Standard, Feb. 22, 2018 and June 24, 2024. Construction World, May 25 and Sept. 26, 2023. PTI, carried Feb. 27, 2025, for the certificate announcement. Swarajya relaying the Times of India, March 17, 2026, for the sectoral plan notice. The Tribune, July 31, 2026, for Global City. Anarock’s NCR viewpoints for the first two quarters of 2026, on a stated built-up-area basis.
Market data. Dated asking rates and listing counts from public portal series, each carrying its observation month. Where two portal pages disagree about one building, this page prints both and lets neither stand as the rate, and where a quarterly series showed a movement no market produces, it names the artifact rather than repeating it.
Verified Aug. 26, 2026 against HARERA registrations and records, DTCP licences and planning notices, a state environment clearance, Krisumi’s own statutory filings and buyer documents, a rating agency’s due-diligence release, the architect’s own project page, and dated market data. Adjudicated findings, pending proceedings, company claims and unverified allegations carry separate labels throughout. Rates move; registration numbers, licences and certificates do not, so check those first.