Smart World to invest Rs 30 bn in three housing projects in Gurugram
Real Estate

Smart World to invest Rs 30 bn in three housing projects in Gurugram

In order to create around eight million square feet of residential space across three projects in Gurugram, Smart World Developers will spend close to Rs 30 billion. The three projects will begin in 2023 with the first phase.

While also considering similar projects in Mumbai, Bengaluru, and Pune, the real estate group plans to launch projects in Gurugram's Sectors 113, 66, and 79. The site in Sector 113 has a total potential for development of 4.5 million sq ft, of which the corporation will build out roughly three million square feet in the first phase.

A luxury high-rise structure with roughly 2.5 to three million sq ft of area will be built in Sector 66 and opened in the first half of 2023. In Sector 79, the business also has ambitions to build 8.5 million sq ft over several phases.

In Gurugram's Sector 61, Smart World Developers has unveiled a 1,00,000 sq ft premium high-street retail property with projected revenues of Rs 2.5 billion. Unit sizes at "Smartworld Orchard Street" range from 500 to 12,000 sq ft over three levels. The developer, who anticipates ending 2022 with revenues of Rs 40 billion, plans to increase those figures in 2023. Additionally, it anticipates ending 2022 with revenues of Rs 40 billion and aims to increase those figures in 2023.

The real estate developer, who has the support of India Infoline, Piramal Group, and the Bansal family (promoters of M3M group), intends to spend between Rs 80 and Rs 100 billion developing residential projects in Gurugram over the next few years.

Also read:
Vonovia to sell stake in a residential portfolio to Apollo
Illegal commercial buildings being pulled down in Indore


In order to create around eight million square feet of residential space across three projects in Gurugram, Smart World Developers will spend close to Rs 30 billion. The three projects will begin in 2023 with the first phase. While also considering similar projects in Mumbai, Bengaluru, and Pune, the real estate group plans to launch projects in Gurugram's Sectors 113, 66, and 79. The site in Sector 113 has a total potential for development of 4.5 million sq ft, of which the corporation will build out roughly three million square feet in the first phase. A luxury high-rise structure with roughly 2.5 to three million sq ft of area will be built in Sector 66 and opened in the first half of 2023. In Sector 79, the business also has ambitions to build 8.5 million sq ft over several phases. In Gurugram's Sector 61, Smart World Developers has unveiled a 1,00,000 sq ft premium high-street retail property with projected revenues of Rs 2.5 billion. Unit sizes at Smartworld Orchard Street range from 500 to 12,000 sq ft over three levels. The developer, who anticipates ending 2022 with revenues of Rs 40 billion, plans to increase those figures in 2023. Additionally, it anticipates ending 2022 with revenues of Rs 40 billion and aims to increase those figures in 2023. The real estate developer, who has the support of India Infoline, Piramal Group, and the Bansal family (promoters of M3M group), intends to spend between Rs 80 and Rs 100 billion developing residential projects in Gurugram over the next few years. Also read: Vonovia to sell stake in a residential portfolio to Apollo Illegal commercial buildings being pulled down in Indore

Next Story
Infrastructure Urban

HCC Net Profit Stands at Rs 2.28 Billion for Q4 FY25

Hindustan Construction Company (HCC) reported a standalone net profit of Rs 2.28 billion in Q4 FY25, a sharp increase from Rs 388 million in Q4 FY24. Standalone revenue for the quarter stood at Rs 13.30 billion, compared to Rs 14.28 billion in Q4 FY24. For the full fiscal year, the company reported a standalone net profit of Rs 849 million, down from Rs 1.79 billion in FY24. Standalone revenue for FY25 was Rs 48.01 billion, compared to Rs 50.43 billion in the previous year.Consolidated revenue for Q4 FY25 stood at Rs 13.74 billion, and for FY25 at Rs 56.03 billion, down from Rs 17.73 billion i..

Next Story
Technology

Celeros and Westinghouse Suppliers Meet U.S. Congress for AP1000

Celeros Flow Technology (Celeros FT) joined more than 30 Westinghouse Electric Company supply chain partners recently to meet with members of the U.S. Congress to discuss the significant benefits of deploying proven AP1000 nuclear technology in the U.S. and overseas. With more than six decades of experience as a lifecycle partner to the world’s nuclear industry, Celeros FT brought many expert insights to the discussion. Bill Cronauer, Regional Commercial Director, Americas and Ken Lazzara, Copes Vulcan Global Commercial Lead, Celeros FT, highlighted the economic impact and manufacturing..

Next Story
Resources

Union Properties Reports 18.2% Revenue Growth Q1 2025 Results

Union Properties PJSC announced its financial results for the first quarter of 2025, reporting a strong start to the year with 18.2% increase in revenue, reaching AED163 million compared with AED138 million in Q1 2024. This revenue growth is expected to continue, supported by strategic initiatives and project launches, with significant increases anticipated each quarter. This solid performance underscores the Company’s continued focus on its core operations and the positive contributions of its high-performing subsidiaries across the UAE’s Real Estate sector. Gross profit increased to..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?