+
Smartworld Developers raises Rs 2.50 bn from Motilal Oswal
Real Estate

Smartworld Developers raises Rs 2.50 bn from Motilal Oswal

Realty firm Smartworld Developers has raised Rs 2.50 billion from Motilal Oswal to build existing housing projects and fund future growth plans.

Smartworld Developers, which has been set up by the promoters of the M3M Group, had in October last year announced an investment of around Rs 30 billion to develop the company's first two residential projects in Gurugram.

The funding from Motilal Oswal will be used as growth capital and also for the development of existing housing projects, Smartworld Developers said on Sunday. The company has launched two projects, Smartworld Orchard, and Smartworld GEMS, in Gurugram.

The company has recorded sales of over Rs 40 billion so far. It has Rs 250 billion worth of projects and over 25 million square feet development potential in the next five years. Vivek Singhal, the chief executive officer of Smartworld Developers, said, “Even though last year was largely affected by the pandemic, our inaugural projects, Smartworld Orchard and Smartworld Gems, have been received exceedingly well by the consumers.”

The company plans to launch two more luxury projects in 2022-23.

"This new funding will further augment our growth story. We are also in advance discussions with various national and international private equity (PE) players to set up a development platform for Smartworld's upcoming projects," Singhal said.

Smartworld plans to expand into key real estate markets such as Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Goa, and Hyderabad in the near future, he said.

See also:
DLF to introduce new projects worth ₹3,500 crore
NAREDCO sets up committee to help builders access funds


Realty firm Smartworld Developers has raised Rs 2.50 billion from Motilal Oswal to build existing housing projects and fund future growth plans. Smartworld Developers, which has been set up by the promoters of the M3M Group, had in October last year announced an investment of around Rs 30 billion to develop the company's first two residential projects in Gurugram. The funding from Motilal Oswal will be used as growth capital and also for the development of existing housing projects, Smartworld Developers said on Sunday. The company has launched two projects, Smartworld Orchard, and Smartworld GEMS, in Gurugram. The company has recorded sales of over Rs 40 billion so far. It has Rs 250 billion worth of projects and over 25 million square feet development potential in the next five years. Vivek Singhal, the chief executive officer of Smartworld Developers, said, “Even though last year was largely affected by the pandemic, our inaugural projects, Smartworld Orchard and Smartworld Gems, have been received exceedingly well by the consumers.” The company plans to launch two more luxury projects in 2022-23. This new funding will further augment our growth story. We are also in advance discussions with various national and international private equity (PE) players to set up a development platform for Smartworld's upcoming projects, Singhal said. Smartworld plans to expand into key real estate markets such as Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Goa, and Hyderabad in the near future, he said. See also: DLF to introduce new projects worth ₹3,500 croreNAREDCO sets up committee to help builders access funds

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code