Smartworld Developers has successfully acquired a land parcel measuring 24,000 square meters (approximately six acres) in sector 98, Noida, through an auction, for ₹414 crore.
The project is expected to incur a development cost of around ₹2,000 crore and aims for a projected revenue of approximately ₹3,000 crore. The company plans to create a mixed-use development that will include branded residences, high-street retail, and serviced homes.
For the fiscal year 2025, it reported sales amounting to ₹6,400 crore, reflecting a 60% increase compared to the previous year. The company has completed the delivery of 6.5 million square feet, with an additional 20 million square feet currently in the development phase.
With assets under management (AUM) valued at ₹40,000 crore, the company is preparing to go public in the near future. Notably, the company maintains a debt-free status.
