Kanodia Group has plans to foray into the real estate sector by making an investment of more than Rs 5,000 crore by 2028. The outlay will be channelised for the acquisition and development of residential and commercial projects.
Initially focusing on projects in these segments in NCR, it aims to expand its real estate footprint to other regions as well.
The Group currently operates three cement plants in Sikandrabad, Bulandshahar, Amethi in Uttar Pradesh (UP), and one in Bihar. Kanodia Cement will also in the process of establishing two cement grinding units in UP with a total capacity of five million tpa.