Smartworld Developers Enters Noida with ₹2,000 Crore Mixed-Use Project
Gurugram-based Smartworld Developers has expanded its footprint into Noida by acquiring a six-acre land parcel in Sector 98 for ₹414 crore. This strategic move marks the company’s first venture in Noida and signifies its commitment to the region’s growing real estate market.
Project Overview
The proposed development is a mixed-use project featuring:
- Branded Residences: Offering premium living spaces.
- High-Street Retail: Providing a vibrant shopping experience.
- Serviced Homes: Catering to the needs of modern urban dwellers.
The total development cost is estimated at ₹2,000 crore, with a projected revenue of approximately ₹3,000 crore upon completion. The project is expected to generate employment opportunities for over 2,500 individuals during its development and operational phases. (business-standard.com)
Strategic Significance
Ashish Jerath, President of Sales and Marketing at Smartworld Developers, highlighted Noida’s rapidly evolving infrastructure and its growing importance as a key real estate hub, offering immense potential. He emphasized that the company will focus on Noida as a market going forward after establishing a base in Gurugram. (newspointapp.com)
Future Plans
Smartworld Developers is in advanced discussions with a leading global hospitality and lifestyle brand for a collaboration on the project, aiming to introduce a world-class branded residence experience to Noida. A formal announcement is expected soon. (hindustantimes.com)
With this expansion, Smartworld Developers continues to strengthen its presence in the National Capital Region, aligning with its long-term growth strategy and commitment to delivering high-quality real estate developments.