Ganga Realty plans to invest in high-street retail project

05 May 2023 CW Team

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”.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..