Shapoorji Pallonji Real Estate (SPRE), in partnership with KREEVA (Kanodia Real Estate Venture Arm), and ASK Property Fund, has announced the launch of 'The Dualis'—an iconic luxury residential development in Sector 46, Gurugram. The project is poised to generate projected top-line revenues of over Rs1,400 crore over the next five years.
This launch reflects a growing trend of institutional capital entering North India’s luxury residential market, driven by rising demand, favourable infrastructure, and a discerning, maturing buyer base. The Dualis is expected to attract strong interest from both end-users and investors looking for long-term capital appreciation and a healthy rental yield.
Commenting on the launch, Sriram Mahadevan, CEO of Shapoorji Pallonji Real Estate (SPRE) & Managing Director of Joyville Shapoorji Housing, said, “With ‘The Dualis’, we are entering a high-potential micro-market with a product that combines location, scale, and quality. This is a long-term investment in the future of luxury housing in Gurugram, backed by partners who share our vision for value creation and timely delivery.”
“The partnership brings together institutional funding, deep-rooted local market expertise, and a shared legacy of construction excellence,” he further added.
Mayank Jain, CEO-KREEVA, added, “The Dualis represents the commitment of delivering luxury, scale, and sophistication in one of Gurugram’s most promising neighbourhoods. This collaboration with Shapoorji Pallonji Real Estate and ASK Property Fund is a strong endorsement of the location’s investment potential, and we are confident that The Dualis will set a new benchmark for luxury living in the region.”
Towering approximately 150 meters, The Dualis will be among the tallest residential towers in the area, offering uninterrupted views of Gurugram’s skyline. The project features 2 towers with 198 luxurious 3- and 4-BHK residences with saleable areas ranging from 2,850 to 3,600 square feet. Each apartment is designed with wraparound decks and expansive layouts for seamless indoor-outdoor living experiences.
Strategically located with direct access from the 60-metre-wide Netaji Subhash Marg, The Dualis offers excellent connectivity to key arterial routes including Sohna Road, NH8, Golf Course Road, and Golf Course Extension Road. It is in close proximity to Medanta Medicity, and the upcoming IKEA (one of India’s largest IKEA) —further enhancing its location advantage. Situated in Sector 46, one of Gurugram’s most well-developed and infrastructure-rich neighbourhoods, the project benefits from a robust social and physical ecosystem. The micro-market is increasingly being recognised for its strong capital appreciation potential, making it a compelling choice for both end-users and institutional investors.
With over 60,000 square feet of thoughtfully curated amenity space, The Dualis aims to deliver an unmatched lifestyle experience. Residents will enjoy access to banquet hall, spa, salon, reading zones, gymnasium, yoga decks, and a barbeque area, among other curated experiences. Elevated club levels feature a swimming pool, a golf simulator, indoor games, and children’s play areas – creating a holistic residential experience.
This is SPRE’s second project in the Gurugram market, following the successful launch of Joyville Gurugram in Sector 102. With The Dualis, SPRE further strengthens its residential real estate portfolio in NCR, continuing its journey of delivering design-led developments across India’s high-growth corridors.
