Thursday, July 25, 2024

Smartworld Developers launches 3 million sq ft luxury residential project ‘The Edition’ on Golf Course Road (Extension), Gurugram

The company plans to invest 3000 crores towards the development of the project. Spread across 10+ acres in Sector 66, Gurugram, the project comprises 3.5 and 4.5 BHK luxury residences.

The Indian real estate sector is experiencing a significant boom, propelling the national economy to greater heights. This growth has also garnered increased investor confidence, attracting significant investments in real estate, as evidenced by its role in the G20 discussions. It also fostered international collaborations, attracting foreign direct investments, and thereby promoting economic growth. Notably, Golf Course Extension Road, one of the fastest developing areas in the Millennial City is also attracting investments, especially to residential real estate. The presence of renowned corporations, technology majors, and high-end projects has transformed the area into a highly promising real estate destination. Keeping up with the present landscape, Smartworld, announced the launch of its latest offering – ‘Smartworld The Edition’, a luxury, high-end residential project. This development marks their entrance into the upscale luxury real estate sector and is located in the prime area of Golf Course Course Extension Road, Sector 66 in Gurugram.

Spread over 10+ acres with a saleable area of 3 million sq. ft., the project is expected to generate a revenue of Rs 6000 cr. In the neighborhood of signature residential developments, like golf-themed living, branded homes, and villa developments, the project is a G+42 floor skyroar structure, making it an epitomic landmark to the Gurgaon skyline.

What differentiates the offering is that the development has 3 striking twin towers that has in total 900+ apartments with spacious 3.5 BHK and 4.5 BHK residences, including two master bedroom suites in each unit. The vertical facade design of these towers is modern, contemporary with sleek lines, large windows and spacious balconies with 9 feet wide decks. One of the unique Luxury living feature is the amenity of a private jacuzzi in each apartment deck, giving an unparallel living experience. The ground floor has been kept free of any apartments. The area is being used for residents to meet, have breakout sessions, meditation spaces, toddlers areas and more. The project has been designed by acclaimed international consulting partners like Studio Symbiosis, Red Landscape, Greymatters, and ITH.

Sartworld The Edition 2
Smartworld The Edition

“The surging demand for luxury real estate is led by projects that seamlessly integrate luxury living with high-end amenities. The Golf Course Road Extension (GCER) has emerged as a luxury hub over the last few years. GCRE continues to be the most desirable location for a home in Gurgaon. This is reflected in strong price appreciation in the last year. GCRE has witnessed average prices escalation from Rs 13,000 to Rs. 15,000 psf. in 2022 and is currently in a price range of approximately Rs 18000- 20,000 psf., this is expected to further increase to around Rs 25,000 psf. to Rs 30,000 psf. in the next two years. The driving factors of this increase has been creation of high paying jobs in Gurgaon and expansion in business activities supported by a buoyant economy. Driven by consumer centricity as a brand, Smartworld’s The Edition is a perfect luxe development for both homebuyers as well as investors. The design, efficiency of space and amenities are truly one-of-its-kind,” says, Vivek Singhal, CEO, Smartworld Developers.

‘Smartworld The Edition’ will have an astonishing 1 lakh sq. ft. of luxurious amenities, enhanced by an exclusive 7-star highlife club with a rooftop infinity pool.

Meanwhile, in 2021, Smartworld Developers made a significant impact on the Delhi NCR real estate market with its low-rise independent floors at Smartworld Orchard and Smartworld Gems in Gurugram. These projects are currently in the advanced stages of construction, and the company aims to deliver possession of ~5 million sq. ft. in next 6-12 months which is well ahead of schedule.

About Smartworld

Smartworld Developers envisages transforming the real estate scenario through its vision of building world-class realty assets in India. The company aspires to set new benchmarks in construction, operations, customer services and unmatched delivery schedules by utilising the most advanced and smart technologies.

Incorporated in 2021, Smartworld Developers is a professionally driven company that is acclaimed for implementing corporate governance at all levels. The company disrupted the real estate market of Delhi NCR with its inaugural projects that offered low rise floors with high rise amenities-Smartworld Orchard and Smartworld Gems, both located at premium locations in Gurugram. With 5,000+ satisfied customers, Smartworld Developers has exceeded INR 5,500 crore in sales; has 15,000 crore worth assets under management and has 2.5 cr square feet development potential in the next five years. The company last year secured INR 250 crore of investment from Motilal Oswal. Smartworld Developers will use the funds for expansion.

The company has amalgamated some of the revered names in the real estate industry, with an initial focus on the NCR market of delivering ergonomically designed homes and spaces for the millennial nuclear families – to live, work and play the ‘smart’ way. It is also eyeing expansion in key real estate markets such as Noida, Mumbai MMR, Pune, Bengaluru, Goa and Hyderabad soon. The company has a robust network of over 7,000 partners across the country, giving the company an edge in reach and depth.

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