Smartworld Developers to invest Rs 1,200 cr in two Gurugram projects
Real Estate

Smartworld Developers to invest Rs 1,200 cr in two Gurugram projects

Smartworld Developers will pump Rs 1,200 crore in improving two residential projects-Smartworld Gems and Smartworld Orchard in Gurugram.

The firm is eyeing sales of Rs 5,000 crore by March 2022 from these projects, of which it claims Rs 2,000 crore has been already attained. CEO of the firm, Vivek Singhal, told the media that they have clocked combined sales of Rs 2,000 crore on their recently begun low-rise offerings.

More than 70% of their patrons are first-time homebuyers between the age group of 28–33 years. They have set themselves a goal of Rs 5,000 crore by March 2022.

Situated in Sector 61, Smartworld Orchard is a low-rise development spread across 20.6 acres, including 2 and 3 BHK homes valued between Rs 1.37 to 1.94 crore. Smartworld Gems, on the other hand, is situated in Sector 89, New Gurgaon, and provides 2 and 3 BHK homes valued between Rs 72.5-89.5 lakh.

Supported by India Infoline, Piramal Group and the Bansal family, Smartworld Developers is aiming expansion in Noida, Mumbai region, Pune, Bengaluru, Goa and Hyderabad shortly. It aims at 2.5 crore sq ft of project development and will pump in Rs 8,000-10,000 crore in various residential projects in Gurugram.

Image Source

Smartworld Developers will pump Rs 1,200 crore in improving two residential projects-Smartworld Gems and Smartworld Orchard in Gurugram. The firm is eyeing sales of Rs 5,000 crore by March 2022 from these projects, of which it claims Rs 2,000 crore has been already attained. CEO of the firm, Vivek Singhal, told the media that they have clocked combined sales of Rs 2,000 crore on their recently begun low-rise offerings. More than 70% of their patrons are first-time homebuyers between the age group of 28–33 years. They have set themselves a goal of Rs 5,000 crore by March 2022. Situated in Sector 61, Smartworld Orchard is a low-rise development spread across 20.6 acres, including 2 and 3 BHK homes valued between Rs 1.37 to 1.94 crore. Smartworld Gems, on the other hand, is situated in Sector 89, New Gurgaon, and provides 2 and 3 BHK homes valued between Rs 72.5-89.5 lakh. Supported by India Infoline, Piramal Group and the Bansal family, Smartworld Developers is aiming expansion in Noida, Mumbai region, Pune, Bengaluru, Goa and Hyderabad shortly. It aims at 2.5 crore sq ft of project development and will pump in Rs 8,000-10,000 crore in various residential projects in Gurugram. Image Source

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?