Smart World to invest Rs 3,000-cr in residential projects in Gurgaon
In Sector 113, the land has a total development potential of 4.5 million sq. ft., of which the company will develop around three million sq. ft. in the first phase. The project in Sector 66 will be a luxury high-rise building, with around 2.5 to three million sq. ft. of space expected to be launched in the first half of 2023. The company also plans to develop 8.5 million sq. ft. in Sector 79 in multiple phases.
Smart World Developers recently launched a premium high-street retail project, 'Smartworld Orchard Street', in Sector 61 of Gurugram, spread over 1,00,000 sq. ft. This project is spread across three floors, with units ranging from 500-12,000 sq. ft., and is expected to generate revenue worth Rs 250 crore.