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Ganga Realty to invest Rs 400 cr in its maiden high-street retail project in Sohna 

Gurugram: Real estate firm Ganga Realty, has announced that it will invest Rs 400 crores in its first high-street ‘neighbourhood’ retail project, Swarnim, at Sector 5, in Sohna, Gurugram. This project will be the company’s second multi-crore venture after the announcement of its affordable housing project in Sohna Road a few months ago. A press release issued by the company says that this will be a commercial Retail development with a total plot area of 2.7 lakh sqft with around 650 shops with multiple brand and amenity stores. It will also consist of retail shops, banquets, multiplex, and themed restaurants. It is expected that over 200 brands will redefine the project’s retail experience. The project is based on a 100% lease model where all retail and business suites will be leased to individual investors. 

Vikas Garg, JMD, Ganga Realty said, “The funds for construction of the Swarnim project would be met by internal accruals and customer advances which are being planned. Location being a key to successful investment, Swarnim is located at a very close vicinity and in high demand with its location advantage and property appreciation. With deliveries and possessions already in process, we expect a huge population to shift within couple of years in close vicinity. This movement will thus push demand for retail and majorly for retail properties in this region”