The project will include retail shops, banquet, multiplex and themed restaurants.
The retail project will have around 650 shops spread over an area of 2.7 lakh sqft
Gurugram-based real estate firm Ganga Realty has said it will invest Rs 400 crore in Swarnim, its first high-street ‘neighbourhood’ retail project in Sector 5 in Sohna, Gurugram. The project will be the company’s second multi-crore venture after the affordable housing project was announced at Sohna Road a few months back.
“The project is strategically located 20 minutes away from the proposed metro station and will also share easy connectivity with IGI airport and KMP Expressway. It will primarily be a commercial retail development with a total plot area of 2.7 lakh sqft. “
It added that the project will have around 650 shops which will have several brands and amenity stores. The project will be developed around 3,000 residential units in the vicinity. More than 25,000 families are likely to settle in the same area in the near future, promising huge potential for high ROI for the project.
It will also include retail shops, banquets, multiplexes and themed restaurants. Over 200 brands are expected to redefine the retail experience at the project. The project is based on 100 per cent lease model, where all retail and business suites will be leased out to individual investors. The shops will be of double height with exclusive terrace rights. The project will also provide dedicated space for mechanized car parking. The company is expected to deliver the project by the end of 2025.
Vikas Garg, JMD, Ganga Realty said, “Funding for the construction of the Swarnim project will be met from internal resources and customer advances, which are being planned. Location is the key to successful investment, Swarnim is located in a very close area and Its location is in high demand with profit and property appreciation. With deliveries and property launches already in process, we expect a large population to shift to the vicinity within a few years. This movement will The demand for retail and predominantly retail properties in the region will increase.”
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