Smartworld Awards Rs 5.32 Bn Contract to Varindera Constructions

11 Feb 2025 CW Team

Smartworld Sky Arc is inspired by the iconic Marina Bay Sands. The project had a historic launch with units being sold out within 36 hours of launch. Ever since its launch, the project has appreciated by over 20 %. “We are delighted to have VCL on board to construct Sky Arc. VCL has had a good track record, and we are confident that their expertise will play a significant role in realising our vision for Sky Arc,” said Mr. Vivek Singhal, CEO, Smartworld Developers.

Vivek Garg, Managing Director & CEO, Varindera Constructions Limited said, “We are honoured to collaborate with Smartworld Developers on the prestigious ‘Sky Arc’ project. Our team is committed to delivering exceptional quality and craftsmanship that aligns with Smartworld’s vision of redefining the standards of luxury living.”

Varindera Constructions has a turnover of Rs 1,500 crore, with many reputed projects in their portfolio. Construction of Smartworld Sky Arc is set to commence in Q1 2025, with completion expected within five years. Meanwhile, Smartworld is getting ready to deliver 5 million sq. ft of its inaugural projects - Smartworld Orchard and Smartworld Gems. The company has over 6,000 satisfied customers, assets worth Rs 200 billion, and 3 crore sq. ft. of development potential over the next five years.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Smartworld, one of the fastest growing real estate players in Gurugram, has committed contracts worth approximately Rs 14 billion for its various projects in just six months. For its upcoming iconic project, Smartworld Sky Arc, the company has awarded the construction mandate to Varindera Constructions for Rs 5.32 billion. The project spans 6.9 acres and includes over 900 units in its first phase. Smartworld's total investment in the development of Sky Arc is approximately Rs 17 billion. The company was in the news recently when they awarded Ahluwalia Contracts (India), the mandate for Smartworld The Edition. Smartworld Sky Arc is inspired by the iconic Marina Bay Sands. The project had a historic launch with units being sold out within 36 hours of launch. Ever since its launch, the project has appreciated by over 20 %. “We are delighted to have VCL on board to construct Sky Arc. VCL has had a good track record, and we are confident that their expertise will play a significant role in realising our vision for Sky Arc,” said Mr. Vivek Singhal, CEO, Smartworld Developers. Vivek Garg, Managing Director & CEO, Varindera Constructions Limited said, “We are honoured to collaborate with Smartworld Developers on the prestigious ‘Sky Arc’ project. Our team is committed to delivering exceptional quality and craftsmanship that aligns with Smartworld’s vision of redefining the standards of luxury living.” Varindera Constructions has a turnover of Rs 1,500 crore, with many reputed projects in their portfolio. Construction of Smartworld Sky Arc is set to commence in Q1 2025, with completion expected within five years. Meanwhile, Smartworld is getting ready to deliver 5 million sq. ft of its inaugural projects - Smartworld Orchard and Smartworld Gems. The company has over 6,000 satisfied customers, assets worth Rs 200 billion, and 3 crore sq. ft. of development potential over the next five years.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..