Real Estate

Real Estate Transactions

Smart World Developers to invest Rs.3,000-Cr to develop 6 mn sq ft in Gurugram

Economic Times  

Smart World Developers, financially backed by India Infoline, Piramal Group and the Bansal Family (promoters of M3M group), has acquired two land parcels in Gurugram and will start the development of 6 million sq ft of low rise residential projects, at a cost of INR 3,000 crore by March 2022. The company plans to invest INR 8,000-10,000 crore in developing residential projects in Gurugram in the next few years. Later on, it plans to expand to Noida, Mumbai-MMR, Pune, Bengaluru, Goa and Hyderabad. The company has already acquired two land parcels - 23-acre at Golf Course Road extension and 58-acre at New Gurgaon - and will develop close to 4,000 units.