Ganga Realty plans to invest in high-street retail project
Real Estate

Ganga Realty plans to invest in high-street retail project

Real estate company Ganga Realty, with headquarters in Gurugram, has said that it will invest Rs 4 billion in Swarnim, its first high-street "neighbourhood" retail project, in Sector 5 of Gurugram. The company has announced its affordable housing project in Sohna Road; this project would be its second large-scale endeavor. The project would have convenient connectivity to IGI Airport and KMP Expressway and is situated 20 minutes from the proposed metro station. With a total land area of 2.7 lakh square feet, the development will mostly be commercial and retail.

According to a release from the company, the project will have about 650 shops with numerous brand and amenity stores and will be built next to about 3,000 residential units. According to the announcement, over 25,000 families will probably relocate to the same area in the near future, which offers the project enormous chances for significant returns on investment.

Retail stores, banquets, a multiplex, and theme restaurants will also be included. Over 200 brands are anticipated to transform the project's retail environment. All retail and office space will be leased to individual investors under the project's 100% lease model. Shops will have exclusive terrace rights and double heights. Additionally, the project will give mechanical equipment its own space.

The company expects to deliver the project by the end of 2025.

Vikas Garg, JMD, Ganga Realty adds, “The funds for construction of the Swarnim project would be met by internal accruals and customer advances which are being planned. With deliveries and possessions already in process, we expect a huge population to shift within couple of years in close vicinity. This movement will thus push demand for retail and majorly for retail properties in this region”.

See also:
Ganga Realty to invest Rs 750 cr to build affordable housing project
Delhi Budget to have 'biggest outlay' for infrastructure projects


Real estate company Ganga Realty, with headquarters in Gurugram, has said that it will invest Rs 4 billion in Swarnim, its first high-street neighbourhood retail project, in Sector 5 of Gurugram. The company has announced its affordable housing project in Sohna Road; this project would be its second large-scale endeavor. The project would have convenient connectivity to IGI Airport and KMP Expressway and is situated 20 minutes from the proposed metro station. With a total land area of 2.7 lakh square feet, the development will mostly be commercial and retail. According to a release from the company, the project will have about 650 shops with numerous brand and amenity stores and will be built next to about 3,000 residential units. According to the announcement, over 25,000 families will probably relocate to the same area in the near future, which offers the project enormous chances for significant returns on investment. Retail stores, banquets, a multiplex, and theme restaurants will also be included. Over 200 brands are anticipated to transform the project's retail environment. All retail and office space will be leased to individual investors under the project's 100% lease model. Shops will have exclusive terrace rights and double heights. Additionally, the project will give mechanical equipment its own space. The company expects to deliver the project by the end of 2025. Vikas Garg, JMD, Ganga Realty adds, “The funds for construction of the Swarnim project would be met by internal accruals and customer advances which are being planned. With deliveries and possessions already in process, we expect a huge population to shift within couple of years in close vicinity. This movement will thus push demand for retail and majorly for retail properties in this region”. See also: Ganga Realty to invest Rs 750 cr to build affordable housing projectDelhi Budget to have 'biggest outlay' for infrastructure projects

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Next Story
Real Estate

Macrotech expands Pune footprint with five acre land development

Macrotech Developers, a leading real estate company, has entered into a development agreement with Goel Ganga Developments for a 5.1-acre land parcel located in Pune’s western suburb of Wakad, according to property registration documents accessed by Propstack. With the addition of this project, Macrotech, also known as Lodha Group, now has a total of 11 ongoing or completed projects in the Pune market. As per the registration documents, Macrotech paid a stamp duty of Rs 80.26 million for the land, based on a transaction value of approximately Rs 1.65 billion. Under the terms of the develop..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?