Smartworld is Expected to Invest Rs 1,200 Crore in Two Gurgaon Projects

Smartworld is Expected to Invest Rs 1,200 Crore in Two Gurgaon Projects

Real Estate major, Smartworld developers plans to invest Rs 1200 crore in the development of the two residential projects in Gurugram and targets to achieve Rs 5000 crore sale by March 2022.

Two low rise residential projects by Smartworld developers, Smartworld Gems and Smartworld Orchard have already clocked combined sales of Rs 2,000 crore within span of 2 weeks of launch.

Talking about Smartworl Orchard, then it is one of a kind low rise luxury residential project located at Gurugram’s Sector 61, Golf Course Road (Extn). It is spread across 20.6 acre of land comprising 2 and 3 BHK homes available within the price range of Rs 1.37-1.94 crore.

The Gurgaon Metropolitan Development Authority (GMDA) is in plans to revamp the Golf Course extension road with the aim to ensure a signal free and seamless traffic movement. It is expected that the proposed revamp will make it a 10 min drive from Cybercity.

Smartworld Gems offers 2 BHK and 3BHK luxurious homes priced within the range of Rs 72.5 – 89.5 lakh and is located at Sector 89, New Gurgaon.

The CEO of Smartworld Developers, Vivek Singhal said “We have set ourselves a target of Rs 5000 crore by March 2022, and this first step gives us more conviction that we have the right pulse of our customers. The response we are receiving is the result of our unique product offerings, prime locations and product design. Over 70% of our patrons are first-time homebuyers between the age group of 28–33 years. These are aspirational millennials who wish to have a certain kind of lifestyle and furthermore, have realized the significance of owning a home post COVID-19,”

Smartworld Developers has strong back of India Infoline, Piramal Group, and the Bansal Family. The realty giant will focus on the NCR market initially with the development of ergonomically designed homes and spaces for the millennial nuclear families. These homes will be built on thr concept of – to live, work and play the ‘smart’ way. Morover, Smartworld Developers is also planning to expand in key real estate markets including Noida, Mumbai MMR, Pune, Bengaluru, Goa and Hyderabad in the near future.