Smartworld Developers awarded the contract for the construction of its luxury residential project, Smartworld The Edition, located on Gurugram’s Golf Course Extension Road.
Gurugram, July 16th, 2024 – Smartworld Developers today announced that its subsidiary, “Etsy Realcon Pvt Ltd”, has awarded a construction contract worth Rs 581 crore to Ahluwalia Contracts (India) Ltd, a renowned construction, infrastructure, and engineering company, for its new luxury residential project, Smartworld The Edition. Located on Golf Course Extension Road in Sector 66, Smartworld The Edition marks Smartworld’s entrance into the luxury real estate sector and is expected to generate a revenue of Rs 6000 crore.
Spread over 10+ acres with a saleable area of 3 million sq. ft., this G+43 floor skyscraper will become a landmark in the Gurugram skyline. It boasts an impressive 1 lakh sq. ft. of luxurious amenities, further enhanced by an exclusive 7-star highlife club featuring a rooftop infinity pool. The project consists of three striking twin towers offering over 900 spacious residences, including a mix of 3.5 BHK and 4.5 BHK units.
“We are delighted to bring Ahluwalia Contracts (India) Ltd on board to execute the construction of our flagship luxury project, Smartworld the Edition. This project has been conceptualized with a vision to offer a unique living experience to our residents. With an exemplary track record of delivering several large-scale projects, Ahluwalia Contracts (India) Ltd has set a benchmark in the construction industry. We are confident that their expertise and commitment to quality will ensure the successful delivery of Smartworld The Edition,” said Mr. Vivek Singhal, CEO, Smartworld Developers.
Spokesperson from Ahluwalia Contracts (India) Ltd commented, “Partnering with Smartworld Developers on their flagship project, Smartworld The Edition, is a significant opportunity for us to showcase our expertise in constructing luxury residences. This project exemplifies modern luxury and innovative design, featuring unique elements such as private jacuzzies on each apartment deck and an exclusive 7-star highlife club. We are eager to translate this vision into reality and are committed to delivering exceptional quality and craftsmanship. Our team is dedicated to making Smartworld The Edition a standout residential landmark in Gurugram, reflecting the pinnacle of contemporary living.”
Smartworld The Edition has been designed by acclaimed international consulting partners like Studio Symbiosis, Red Landscape, Greymatters, and That’s ITH. The vertical facade design of these towers is modern and contemporary, with sleek lines, large windows, and spacious balconies featuring 9-foot-wide decks. A unique luxury feature is a private jacuzzi on each apartment deck, providing an unparalleled living experience. The ground floor has been kept free of any apartments, dedicated instead to communal spaces for residents to meet, have breakout sessions, meditate, and provide areas for toddlers.
About Smartworld
Smartworld Developers envisages transforming the real estate scenario through its vision of building world-class realty assets in India. The company aspires to set new benchmarks in construction, operations, customer services and unmatched delivery schedules by utilising the most advanced and smart technologies.
Incorporated in 2021, Smartworld Developers is a professionally driven company that is acclaimed for implementing corporate governance at all levels. The company disrupted the real estate market of Delhi NCR with its inaugural projects that offered low rise floors with high rise amenities-Smartworld Orchard and Smartworld Gems, both located at premium locations in Gurugram. These projects are currently in the advanced stages of construction, and the company aims to deliver possession of approximately 5 million sq. ft. in the next few months, well ahead of schedule. Their premium high-rise project located in Sector 113, Smartworld One DXP, has experienced overwhelming success, with its initial phases sold out rapidly. Furthermore, Smartworld Developers is developing a high-street retail project, Smartworld Orchard Street, which is expected to be completed shortly. This project aims to enhance the overall lifestyle experience for the Smartworld Orchard community, providing a comprehensive living environment that blends residential comfort with retail convenience. With 5,000+ satisfied customers, Smartworld Developers has 16,000 crore worth assets under management and has 2.5 cr square feet development potential in the next five years.
The company has amalgamated some of the revered names in the real estate industry, with an initial focus on the NCR market of delivering ergonomically designed homes and spaces for the millennial nuclear families – to live, work and play the ‘smart’ way. It is also eyeing expansion in key real estate markets such as Noida, Mumbai MMR, Pune, Bengaluru, Goa and Hyderabad soon. The company has a robust network of over 7,000 partners across the country, giving the company an edge in reach and depth.
About Ahluwalia Contracts (India) Ltd
With over 43 years of specialized experience in the construction industry, Ahluwalia Contracts (India) Ltd has carved a niche for itself as one of the leading civil contractors in the country. Their impressive turnover of INR 2721.60 Crores for the financial year 2021-22 reflects their high standing in the industry, recognized by the Construction Industry Development Council (CIDC) with an award in the category of “Best Professionally Managed Company (> Rs.1000 Crores).” They hold multiple ISO certifications, including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and ISO/IEC 27001:2013.
Ahluwalia Contracts (India) Ltd specializes in undertaking major industrial, residential, and commercial projects and has a pan-India presence. Some of its marquee projects include the Commonwealth Games 2010 Project, Leela Palace at Chanakyapuri Delhi, Hotel Shangri-La Mumbai, and the Indian Institute of Corporate Affairs, among others.
The pride of Ahluwalia Contracts (India) Ltd lies not only in their financial achievements but also in their unwavering commitment to construction quality. Their ideological foundations, which prioritize the timely completion of projects and high-quality construction, have served as the cornerstones of their rapid growth over the years. Their consistent pursuit of customer satisfaction has garnered them several prestigious awards and widespread acclaim.
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