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

28 Apr 2023 CW Team

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

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..