Smartworld Developers raises Rs 2.50 bn from Motilal Oswal

01 Nov 2022 CW Team

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.

Smartworld Developers; Motilal Oswal; Gurugram; Vivek Singhal

Max Estates Plans Rs. 30 bn Ghaziabad Project

Accenture Expands Bengaluru Office Lease to 567,000 Sq Ft

Real Estate

26 Sep 2026

Accenture Expands Bengaluru Office Lease to 567,000 Sq Ft

Maharashtra Housing Societies Receive 5,000 Suggestions on Draft Bylaws

Real Estate

26 Sep 2026

Maharashtra Housing Societies Receive 5,000 Suggestions on Draft Byl..

Gold Stories

Real Estate

01 Sep 2026

AN EVENING TO REMEMBER!

Real Estate

01 Sep 2026

Glass, Reframed!

Real Estate

01 Sep 2026

We engineer the way architecture gets built

Infrastructure Transport

26 Sep 2026

Mumbai-Ahmedabad Bullet Train’s Surat-Vapi Section Set for 2027

The first section of the Mumbai-Ahmedabad Bullet Train corridor, linking Surat and Vapi, is targeted to begin services in 2027. Construction is expected to be completed by December 2026, while Railway Minister Ashwini Vaishnaw has indicated that an inauguration could take place around the middle of 2027. The National High Speed Rail Corporation (NHSRCL) said the train being manufactured in India is expected to reach the tracks around April or May 2027. The train will undergo extensive testing before the section is opened for passenger services. The project began construction in 2021 and includ..

Infrastructure Transport

26 Sep 2026

Indian Railways Approves Four Projects Worth Rs. 7.36 bn Across Four States

Indian Railways has approved four projects with a combined value of Rs. 7.36 bn across Uttar Pradesh, Maharashtra, Andhra Pradesh and Gujarat. The programme covers train protection, signalling, electric traction supply and a road overbridge, with each project assigned to a different railway zone. In Uttar Pradesh, Rs. 2.52 bn has been approved to extend the Kavach 4.0 automatic train protection system across 607.7 km in the Lucknow Division of North Eastern Railway. The system monitors train movements and can apply the brakes if a driver fails to observe a signal or exceeds a safe speed. The w..

Infrastructure Urban

26 Sep 2026

Chandru Raheja Sells 1.49% Stake in Mindspace REIT for Rs. 5 bn

Billionaire Chandru Lachmandas Raheja has sold a 1.49 per cent holding in Mindspace Business Parks REIT for Rs. 5 bn through a bulk deal on the BSE. The transaction involved 9.9 mn units and was executed at an average price of Rs. 505 per unit, according to exchange data. Following the sale, units of Mindspace Business Parks REIT were trading 0.18 per cent lower at Rs. 504.05 on Tuesday. Exchange data did not identify the buyers involved in the transaction. Raheja is the chairman of real estate company K Raheja Corp. The sale involved 99,00,990 units, representing 1.49 per cent of the Mumbai-b..