Smartworld Awards Rs 5.32 Billion Contract to Varindera Constructions
Real Estate

Smartworld Awards Rs 5.32 Billion Contract to Varindera Constructions

Smartworld, one of the fastest growing real estate players in Gurugram, has committed contracts worth approximately Rs 14 billion for its various projects in just six months.
For its upcoming iconic project, Smartworld Sky Arc, the company has awarded the construction mandate to Varindera Constructions Limited for Rs 5.32 billion. The project spans 6.9 acre and includes over 900 units in its first phase. Smartworld's total investment in the development of Sky Arc is approximately Rs 17 billion.

The company was in the news recently when they awarded Ahluwalia Contracts (India), the mandate for Smartworld The Edition.

Smartworld Sky Arc is inspired by the iconic Marina Bay Sands. The project had a historic launch with units being sold out within 36 hours of launch. Ever since its launch, the project has appreciated by over 20 per cent.

“We are delighted to have VCL on board to construct Sky Arc. VCL has had a good track record, and we are confident that their expertise will play a significant role in realising our vision for Sky Arc,” said Vivek Singhal, CEO, Smartworld Developers.

Vivek Garg, Managing Director & CEO, Varindera Constructions Limited said, “We are honoured to collaborate with Smartworld Developers on the prestigious ‘Sky Arc’ project. Our team is committed to delivering exceptional quality and craftsmanship that aligns with Smartworld’s vision of redefining the standards of luxury living.”
Varindera Constructions has a turnover of Rs 15 billion, with many reputed projects in their portfolio.

Construction of Smartworld Sky Arc is set to commence in Q1 2025, with completion expected within five years.

Meanwhile, Smartworld is getting ready to deliver 5 million sq. ft of its inaugural projects - Smartworld Orchard and Smartworld Gems.

The company has over 6,000 satisfied customers, assets worth Rs 200 billion, and 3 crore sq. ft. of development potential over the next five years.

Smartworld, one of the fastest growing real estate players in Gurugram, has committed contracts worth approximately Rs 14 billion for its various projects in just six months.For its upcoming iconic project, Smartworld Sky Arc, the company has awarded the construction mandate to Varindera Constructions Limited for Rs 5.32 billion. The project spans 6.9 acre and includes over 900 units in its first phase. Smartworld's total investment in the development of Sky Arc is approximately Rs 17 billion.The company was in the news recently when they awarded Ahluwalia Contracts (India), the mandate for Smartworld The Edition.Smartworld Sky Arc is inspired by the iconic Marina Bay Sands. The project had a historic launch with units being sold out within 36 hours of launch. Ever since its launch, the project has appreciated by over 20 per cent.“We are delighted to have VCL on board to construct Sky Arc. VCL has had a good track record, and we are confident that their expertise will play a significant role in realising our vision for Sky Arc,” said Vivek Singhal, CEO, Smartworld Developers.Vivek Garg, Managing Director & CEO, Varindera Constructions Limited said, “We are honoured to collaborate with Smartworld Developers on the prestigious ‘Sky Arc’ project. Our team is committed to delivering exceptional quality and craftsmanship that aligns with Smartworld’s vision of redefining the standards of luxury living.”Varindera Constructions has a turnover of Rs 15 billion, with many reputed projects in their portfolio.Construction of Smartworld Sky Arc is set to commence in Q1 2025, with completion expected within five years.Meanwhile, Smartworld is getting ready to deliver 5 million sq. ft of its inaugural projects - Smartworld Orchard and Smartworld Gems.The company has over 6,000 satisfied customers, assets worth Rs 200 billion, and 3 crore sq. ft. of development potential over the next five years.

Next Story
Infrastructure Energy

NTPC Signs $11.5 Billion Clean Energy Deals in Chhattisgarh

Juniper Green Energy has successfully commissioned a 100-MW solar power project aimed at supplying electricity to Bhutan, marking a significant milestone in regional energy integration. According to the company's statement, the project facilitates a crucial cross-border agreement allowing Bhutan to receive 50% of the power generated during the winter months. This arrangement permits Bhutan to directly import power from an Indian generator under an established bilateral trade framework. Located in Rajasthan, the solar project contributes a total generation capacity of 100 MW. Highlighting the..

Next Story
Infrastructure Energy

Juniper Green Commissions 100-MW Solar Project for Bhutan

The New Delhi Municipal Council (NDMC) held its first council meeting since the Delhi Assembly polls focusing on a comprehensive Summer Action Plan aimed at achieving 100% solar energy adoption by 2026. The meeting, led by MP Bansuri Swaraj, began with the swearing-in of three new NDMC members — Delhi Minister and New Delhi MLA Parvesh Sahib Singh, Delhi Cantt. MLA Virender Singh Kadian, and Ravi Kumar Arora, Additional Secretary of the Ministry of Housing and Urban Affairs. Solar Energy Push NDMC Vice Chairman Kuljeet Singh Chahal announced the civic body's ambitious solar energy plans, ..

Next Story
Infrastructure Energy

NDMC Pushes for 100% Solar Energy by 2026

Mumbai-based energy storage startup AmpereHour Energy has raised $5 million from Avaana Capital, with participation from UC Impower and other angel investors. Founded in 2017 by IIT Bombay alumni, AmpereHour Energy focuses on building AI/ML-enabled Energy Storage Systems ranging from kW/kWh scale systems for Mini-grids to MW/MWh scale systems compatible with solar PV and wind plants. The systems are designed to be plug-and-play, integrated with the company’s proprietary Energy Management platform, Elina. The fresh capital will be directed towards expanding manufacturing and software capabi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?