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

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code