What is Smartworld Developers' new project in Noida?

Smartworld Developers is building a mixed-use project featuring premium residences, retail, and serviced homes on a 6-acre land parcel.

How much is Smartworld Developers investing in Noida?

The company is investing approximately ₹2,000 crore in its first Noida project.

What is the expected revenue from Smartworld Developers' Noida project?

The estimated revenue from the Noida mixed-use project exceeds ₹3,000 crore.

Home / Business and Economy / Smartworld Developers Launches Major Noida Project

Smartworld Developers Launches Major Noida Project

6 Dec

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Summary

Smartworld Developers invests ₹2,000 crore in Noida project.
The mixed-use development includes residences, retail, and serviced homes.
Company targets over ₹3,000 crore in revenue from this venture.

Smartworld Developers Launches Major Noida Project

Smartworld Developers has announced a substantial ₹2,000 crore investment for its inaugural project in Noida, marking a significant expansion beyond its established Gurugram market. The company acquired a 6-acre land parcel for ₹414 crore to develop a mixed-use complex. This venture will include premium branded residences, high-street retail, and serviced homes.

This strategic move into Noida, a crucial micro-market within the Delhi-NCR region, is expected to yield over ₹3,000 crore in revenue. Smartworld Developers sees immense potential in Noida due to its rapidly developing infrastructure and growing prominence as a real estate hub.

Previously achieving ₹6,400 crore in sales bookings last fiscal year with 60% annual growth, Smartworld Developers is poised for further success. The company has already delivered 6.5 million sq ft in Gurugram, with an additional 20 million sq ft under construction.