Ganga Realty plans Rs 400-cr high-street retail project
The Gurugram-based real estate building player, Ganga Realty has recently announced to invest Rs 400 crores in its first high-street ‘neighbourhood’ retail project, Swarnim, at Sector 5, in Sohna, Gurugram. The newest is the company’s second multi-crore venture after the announcement of its affordable housing project in Sohna Road a few months back. The project is located at a 20-min distance from the proposed metro station and will also share easy connectivity with IGI Airport and KMP Expressway. It will be primarily a commercial retail development with a total plot area of 2.7 lakh sq. ft. , housing about 650 shops with multiple brand and amenity stores and will be developed in the vicinity of around 3,000 residential units. Over 25,000 families will most likely settle down in the same region in the near future, which promises great prospects of high ROIs for the project, JMD, Ganga Realty, Vikas Garg, said, claiming that the project will also consist of retail shops, banquets, multiplex, and themed restaurants. It is expected that over 200 brands will redefine the project’s retail experience and is based on a 100% lease model where all retail and business suites will be leased to individual investors and the project is destined to be delivered by the end of 2025.