News

Ganga Realty is going to invest rs 400 cr* in its first high-street neighborhood retail project, Swarnim, at sector 5, in Sohna, Gurugram. This is going to be the company’s second multi-crore venture after the announcement of its first affordable housing project on Sohna Road a few months ago. 

The project is located at a 20-minute distance from the proposed metro station and it will also share easy connectivity with IGI Airport and KMP Expressway. This is actually going to be a commercial retail development with a total plot area of 2.7 lakh sq ft. 

The property is going to have around 650 shops with various brands and amenity stores. The project is also going to be developed in the vicinity of around 3000 residential units. Over 25,000 families will most likely settle down in the same region in the near future. This also promises great prospects of high ROIs for the project. This is also going to consist of retail shops, banquets, multiplex and themed restaurants. This is also expected that over 200 brands also redefine the project’s retail experience. 

The project is also going to be on a 100% lease model where all retail and business suites will be leased to individual investors. The shops will be double-height with exclusive terrace rights. The project is also going to provide dedicated space for mechanical car parking. It is expected that the company is also going to deliver the project by the end of 2025. 

Vikas Garg, JMD, Ganga Realty also adds that the funds for the construction of the Swarnim project would be met by internal accruals and customer advances which are going to be planned. The location is key to successful investments as it is located in close vicinity and high demand with its multiple location advantages. The deliveries and possessions are already in process and it is expected a huge population to shift within a couple of years in close vicinity. The movement is going to push all the demand for retail and majorly for retail properties in this region.