Real estate firm Ganga Realty will invest Rs 400 crore in its first high-street ‘neighbourhood’ retail project, ‘Swarnim‘, at Sector 5, in Sohna, Gurugram. It is planned to be primarily, a commercial retail development with a total plot area of 2.7 lakh sq. ft.
The project will house around 650 shops with multiple brands and amenity stores, along with banquets, multiplex, and themed restaurants. Over 200 brands are set to take the retail experience to the next level. The design offers dedicated space for mechanical car parking.
The Gurugram-based company has planned out a 100 percent lease model wherein all retail and business suites would be leased to individual investors. Shops will be of double height with exclusive terrace rights. The developer expects to clock 40 crore of revenue annually.
The project is planned for delivery by the end of 2025. It also marks the company’s second multi-crore venture after its affordable housing project in Sohna Road, which was recently announced.
The attractiveness of ‘Swarnim’ is complemented by the fact that it will be developed in the vicinity of around 3000 residential units, which will accommodate 25,000 families, which in turn promises a high return on investment (ROI) for the project. The location is strategic as it offers easy access to the proposed metro station (20 minutes away) as well as the IGI Airport and KMP Expressway.
Source : Projects Today