Smartworld Developers Awards Rs 581 Crore Contract for Gurugram Luxury Housing Project
By Rediff Money Desk, New Delhi Jul 16, 2024 11:57
Smartworld Developers has awarded a Rs 581 crore contract to Ahluwalia Contracts for the construction of its luxury housing project 'Smartworld The Edition' in Gurugram.
![Smartworld Developers Awards Rs 581 Crore Contract for Gurugram Luxury Housing Project](https://im.rediff.com/money/2015/jun/08realty-1.jpg)
New Delhi, Jul 16 (PTI) Realty firm Smartworld Developers on Tuesday said it has given a Rs 581-crore contract to Ahluwalia Contracts for construction of its luxury housing project in Gurugram.
In a statement, the company said the project 'Smartworld The Edition' is located on Golf Course Extension Road in Sector 66, Gurugram.
Gurugram-based Smartworld Developers, which was founded in 2021, said this project marks its entry into the luxury housing segment and is "expected to generate a revenue of Rs 6,000 crore."
Spread over 10 acres with a saleable area of 3 million square feet, the project will have around 900 apartments.
"With an exemplary track record of delivering several large-scale projects, Ahluwalia Contracts (India) has set a benchmark in the construction industry. We are confident that their expertise and commitment to quality will ensure the successful delivery of this project," said Vivek Singhal, CEO, Smartworld Developers.
The company is developing many projects in Gurugram.
In a statement, the company said the project 'Smartworld The Edition' is located on Golf Course Extension Road in Sector 66, Gurugram.
Gurugram-based Smartworld Developers, which was founded in 2021, said this project marks its entry into the luxury housing segment and is "expected to generate a revenue of Rs 6,000 crore."
Spread over 10 acres with a saleable area of 3 million square feet, the project will have around 900 apartments.
"With an exemplary track record of delivering several large-scale projects, Ahluwalia Contracts (India) has set a benchmark in the construction industry. We are confident that their expertise and commitment to quality will ensure the successful delivery of this project," said Vivek Singhal, CEO, Smartworld Developers.
The company is developing many projects in Gurugram.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 225872493
- IFL Enterprises
- 1.30 (+ 4.84)
- 73021056
- Vodafone Idea L
- 16.84 (+ 0.96)
- 57532260
- NCL Research
- 0.95 ( -4.04)
- 31022802
- Franklin Industries
- 3.76 (+ 4.16)
- 19275268
MORE NEWS
![Sebi Amends REIT...](https://im.rediff.com/80-80/money/2019/apr/30reit.gif)
Sebi Amends REIT & InvIT Rules: Unit-Based...
Sebi introduces a framework for a unit-based employee benefit scheme for REITs and...
![Budget Should...](https://im.rediff.com/80-80/money/2016/jul/26basu.jpg)
Budget Should Focus on Welfare, Manufacturing:...
Former World Bank chief economist Kaushik Basu urges Modi government to prioritize...
Paytm Gets SEBI Warning Over Related Party...
Paytm's parent company, One 97 Communications, received an administrative warning from...