Smartworld Awards ₹1,400 Cr Contracts in Six Months

Gurugram-based real estate developer Smartworld has committed contracts worth ₹1,400 crore across its projects in just six months.
For its upcoming landmark project, Smartworld Sky Arc, the company awarded a ₹532 crore construction contract to Varindera Constructions Limited. Spread across 6.9 acres, the project’s first phase includes over 900 units, with a total investment of ₹1,700 crore.
Recently, Smartworld also awarded Ahluwalia Contracts (India) Ltd. the mandate for its premium project, Smartworld The Edition.
Inspired by Marina Bay Sands, Smartworld Sky Arc saw an unprecedented response, selling out within 36 hours of launch. The project has since appreciated by over 20%.
“We are delighted to have VCL on board to construct Sky Arc. VCL has had a good track record, and we are confident that their expertise will play a significant role in realising our vision for Sky Arc,” said Mr. Vivek Singhal, CEO, Smartworld Developers.
Vivek Garg, Managing Director & CEO, Varindera Constructions Limited said, “We are honoured to collaborate with Smartworld Developers on the prestigious ‘Sky Arc’ project. Our team is committed to delivering exceptional quality and craftsmanship that aligns with Smartworld’s vision of redefining the standards of luxury living.”