Founded in 1986, Kanakia Spaces, the real estate offshoot of Kanakia Group has contributed award winning projects like Boomerang. The latter was recognized at the CNBC Awaaz CRISIL CREDAI Real Estate Award 2010 for the most innovative building concept of the year. It has projects catering to residential as well as commercial segments of real estate. Some of its residential projects include Samarpan and Samarpan Royale in Borivali (East). Some of its commercial projects include 215 Atrium in Andheri and Prime Mall in Mira Road. Most of its projects are located in Mumbai.