Smartworld Developers raises Rs 2.50 bn from Motilal Oswal

01 Nov 2022 CW Team

Realty firm Smartworld Developers has raised Rs 2.50 billion from Motilal Oswal to build existing housing projects and fund future growth plans.

Smartworld Developers, which has been set up by the promoters of the M3M Group, had in October last year announced an investment of around Rs 30 billion to develop the company's first two residential projects in Gurugram.

The funding from Motilal Oswal will be used as growth capital and also for the development of existing housing projects, Smartworld Developers said on Sunday. The company has launched two projects, Smartworld Orchard, and Smartworld GEMS, in Gurugram.

The company has recorded sales of over Rs 40 billion so far. It has Rs 250 billion worth of projects and over 25 million square feet development potential in the next five years. Vivek Singhal, the chief executive officer of Smartworld Developers, said, “Even though last year was largely affected by the pandemic, our inaugural projects, Smartworld Orchard and Smartworld Gems, have been received exceedingly well by the consumers.”

The company plans to launch two more luxury projects in 2022-23.

"This new funding will further augment our growth story. We are also in advance discussions with various national and international private equity (PE) players to set up a development platform for Smartworld's upcoming projects," Singhal said.

Smartworld plans to expand into key real estate markets such as Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Goa, and Hyderabad in the near future, he said.

Infrastructure Urban

29 Mar 2025

Development of ICT in Indian Judiciary through e-Courts Phases

The eCourts project, launched under the National eGovernance Plan in 2007, is a Mission Mode Project aimed at modernisng the Indian judiciary through the adoption of Information and Communication Technology (ICT). The initiative is grounded in the "National Policy and Action Plan for Implementation of ICT in the Indian Judiciary" and has been implemented in multiple phases. Phase I (2011–2015) focused on the computerization of judicial infrastructure and ensuring connectivity across courts. During this phase, 14,249 district and subordinate courts were computerised, and Local Area Networks ..

Minority Affairs Minister to Launch PM VIKAS Project via DGSMC

On 29th March 2025, the Ministry of Minority Affairs will launch a new program under the Pradhan Mantri Virasat Ka Samvardhan (PM VIKAS) scheme, aimed at enhancing skill development and educational support for minority communities. The initiative, which will be implemented by the Delhi Sikh Gurdwara Management Committee (DSGMC), will benefit a total of 31,600 candidates across the country. Out of the total beneficiaries, 29,600 individuals will receive skill training in industry-relevant fields, while 2,000 candidates will receive educational support. The training will focus on job roles ali..

DARPG and Bhashini Launch Multilingual Tool for Citizen Grievances

To enhance the effectiveness, accessibility, and responsiveness of the grievance redressal system, the Department of Administrative Reforms and Public Grievances (DARPG) has signed a Master Service Agreement with Digital India Bhashini on March 28, 2025. This agreement marks the implementation of a multimodal, multilingual e-Governance solution for the Centralised Public Grievance Redress and Monitoring System (CPGRAMS), in line with the directive of the Prime Minister of India to bring qualitative improvements to citizen service delivery. The new solution aims to empower citizens from diver..