Spread over 10+ acres with a saleable area of 3 million sq ft, the project is expected to generate a revenue of Rs 6000 crore.
Smartworld Developers has announced the launch of its latest offering – ‘Smartworld The Edition’ – a high-end residential project in Sector 66 of the Golf Course Extension Road, Gurugram, and plans to invest Rs 3000 crore towards the development of the project. This marks their entrance into the upscale luxury real estate sector.
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Spread over 10+ acres with a saleable area of 3 million sq ft, the project is expected to generate a revenue of Rs 6000 crore. 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, according to the company.
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. One of the unique luxury living feature is the amenity of a private jacuzzi in each apartment deck. 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.
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“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,” said Vivek Singhal, CEO, Smartworld Developers.
“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,” he added.
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‘Smartworld The Edition’ will have 1 lakh sq. ft. of luxurious amenities, enhanced by an exclusive 7-star highlife club with a rooftop infinity pool.
It may be noted that 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 the next 6-12 months, well ahead of schedule.
