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

25 Nov 2021 CW Team

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

Infrastructure Transport

07 Apr 2026

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..