Smartworld Developers expect sales worth Rs 2.5 bn from retail project

The 100,000 sq ft Smartworld Orchard Street complex, developed by Smartworld Developers, opened in Gurugram. The project is expected to bring in a top line of Rs 2.5 billion for the corporation. Unit sizes in the three-story project range from 500 sq ft to 12,000 sq ft. The company also leased 15,000 sq ft of space on the third floor to Big Fish Ventures for food and beverage outlets on the first day. Big Fish Ventures, a hospitality company based in Delhi, manages well-known dining establishments like The Junkyard Cafe, Key Night Club, GaramDharam, and Local. At Sector 61, Golf Course Road (Extn), Smartworld Orchard Street is flanked by a number of residential developments and an IT Special Economic Zone (SEZ) with a catchment of about 200,000 people. The facility will immediately serve more than 8,000 people because it is so close to Smartworld's residential development. Recently, Smartworld Developers revealed that MotilalOswal had invested Rs 2.5 billion in the company. The money will be used as expansion capital. Also read: TSF and Odisha partner up for Jaga MissionThe intelligent Net Zero design to generate 30 per cent surplus