TRUTHESTATE
Best Developers in Gurugram/Smartworld

Developer Profile

Smartworld

A young, fast-scaling builder on the value corridors.

Established 2019Private

Truth Verdict

Early-corridor pricing with growth potential. Higher risk from the limited track record, but a strong value proposition for risk-tolerant investors.

01

About the developer

A young, well-capitalised developer (2019) that has scaled rapidly on Dwarka Expressway and SPR. Promising early execution — but a delivery record still being written.

02

Track record

Projects we track

Flagship projects

  • Smartworld Trump Residences

Recently launched

  • Smartworld Orchard
  • Smartworld Gems

In the pipeline

  • Smartworld SPR Phase II

Brand value

“Early-corridor pricing and modern product; brand still being established.”

03

Performance

15

Projects launched

3

Delivered

10

Ongoing

On schedule · locked

Avg delay · locked

Across every Gurugram project we track for this developer — delivered, ongoing and lapsed. Not scoped to one micro-market.

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How reliably does Smartworld deliver?

Unlock the on-schedule share and the average slippage across this developer's filed projects — with a number.

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04

Financial health

Privately held · early-stage58/100 · MODERATECR: Unrated / Private NBFC FacilitiesGroup: Smartworld Group (M3M Promoter Affiliation)

Leverage · locked

Interest Coverage · locked

Cash Conversion · locked

Operating Margin · locked

Inventory Cover · locked

Forensic Analyst Audit Note

A directional read on Smartworld's financial health. The full audited financials and the per-project forensics are inside each report — unlock one for the complete numbers.

Verified Source: Ministry of Corporate Affairs (MCA-21) Form AOC-4 Statutory Financial Filing (CIN: U70109HR2021PTC093392)
📄 View Official Audited Statement (PDF) →
05

News & updates

Live12 verified updates

News & Updates

Every verified ground event on Smartworld — filings, construction, JVs, corridor infrastructure and pricing — read for what it means to a buyer.

19 Oct 2026Regulatory

HERC grants 25-year parallel power distribution licence for Gurugram, Nuh to Eleven Power

  • The Haryana Electricity Regulatory Commission (HERC) has granted Eleven Power Private Limited a parallel distribution licence for Gurugram and Nuh revenue districts for 25 years under Section 14 of the Electricity Act, 2003.
Forensic impact read

HERC granted a 25-year parallel power-distribution licence for Gurugram and Nuh to a private company, alongside the existing state discom. Over time this can give residents a second electricity supplier; tariffs, the coverage area and rollout timing are what to watch. Update (23 Oct): after a strike by power employees, the state government assured them there would be no privatisation (ThePrint), so whether this licence is actually rolled out is now uncertain. Talks resume on 3 Nov.

The TribuneVerify filing ↗
1 Oct 2026Regulatory

CAQM Winter GRAP Stage III/IV Guidelines Enforced: Complete Ban on C&D Activities, Earthwork & RCC Casting Across NCR

  • Commission for Air Quality Management (CAQM) invokes strict Winter Graded Response Action Plan (GRAP Stage III/IV) measures across Delhi-NCR following severe air quality deterioration (AQI >400).
  • Mandates complete cessation of construction and demolition (C&D) activities, including earthwork, excavation, piling, concrete mixing/casting, and transit of loose building materials across Gurugram.
  • Non-earthwork site operations subject to strict anti-smog gun deployment and water-sprinkling mandates.
Forensic impact read

Immediate site halt freezes ongoing structural casting and superstructure progress; introduces potential 30–60 day milestone slippage risks; elevates idle machinery carrying and labor retention costs for developers across active under-construction developments.

Ref CAQM/DIR/GRAP-2026-10Verify filing ↗
28 Sept 2026Corridor Infra

SPR Elevated Corridor & Upgradation: GMDA Initiates 8-Lane Signal-Free Overhaul (Vatika Chowk to Cloverleaf)

  • GMDA and NHAI accelerate ₹845 Cr Southern Peripheral Road (SPR) upgradation into an 8-lane signal-free access-controlled arterial with flyovers and underpasses between Vatika Chowk (Badshahpur) and CPR Cloverleaf (NH-48/Dwarka Expressway).
  • Continuous grade separators planned at Sector 69, 70, 71, and 73 intersections.
  • Utility shifting and road-widening ground work initiated along the key transit spine.
Forensic impact read

Eliminates persistent bottleneck traffic along Badshahpur and Sector 69–71 intersections; slashes transit time to NH-48 and Cyber City from 40 to 12 minutes; accelerates institutional price realization toward ₹22,000+/sq.ft across flagship high-rise launches.

Ref GMDA/SPR/2026-09Verify filing ↗
22 Sept 2026Regulatory

Gurugram tightens construction and demolition waste rules; no Occupancy Certificate without disposal proof

  • The Municipal Corporation of Gurugram (MCG) has tightened rules for construction and demolition (C&D) waste management, making proof of proper waste disposal a mandatory requirement for obtaining Occupancy Certificates (OCs) and Completion Certificates (CCs).
Forensic impact read

MCG will not issue an Occupancy Certificate without proof of construction-and-demolition waste disposal — a new compliance gate that can delay OC/possession timelines across Gurugram projects.

The TribuneVerify filing ↗
19 Sept 2026Construction

Labourer dies after falling from 19th floor at construction site in Gurugrams Sector 113

  • Chaos and panic erupted at a builder’s construction site in Sector 113 when two labourers fell from the 19 th floor, resulting in the death of one on the spot, while the other was critically injured. He was rushed to hospital, where he is undergoing treatment.
Forensic impact read

A labourer died after a 19th-floor fall at a Sector 113 construction site; workers alleged missing safety gear. A site-safety and labour-compliance risk for buyers to track.

The TribuneVerify filing ↗
16 Sept 2026Corridor Infra

Genpact Leases 400,000 Sq Ft Office Space In Gurugram

  • Genpact has leased 400,000 square feet of office space at the ASF Insignia campus in Gurugram. This deal, the largest in the National Capital Region for the current quarter, reflects the company’s expansion strategy as it grows its technology services business.
Forensic impact read

Truth Estate view: a major new office/employment anchor on the Golf Course Extension belt (ASF Insignia, Gwal Pahari) strengthens residential demand and rental depth across the Golf Course Road and Golf Course Extension corridors.

WhalesbookVerify filing ↗
15 Sept 2026Corporate / JV

Smartworld, Kotak Realty Fund Announce ₹800 Crore Deal

  • Smartworld Developers, promoted by the Bansal Family and an affiliate of M3M India, today announced a strategic partnership with Kotak Realty Fund, the real estate arm of Kotak Alternate Asset Managers Limited.
Forensic impact read

Kotak Realty Fund is putting ~Rs 800 crore into Smartworld's Sector 69 projects including Trump Residences — institutional capital behind the project's completion funding.

ConstrofacilitatorVerify filing ↗
11 Sept 2026Regulatory

Gurugram waterlogging: HHRC orders city-wide drainage audit, summons GMDA report by December 15

  • The Haryana Human Rights Commission (HHRC) has taken suo motu cognizance of recurring Gurugram waterlogging, calling it a problem that "goes beyond a temporary disruption caused by heavy rainfall" and ordering a comprehensive city-wide civic infrastructure audit.
The TribuneVerify filing ↗
11 Sept 2026Pricing & Sales

Golf Course Extension Road Sees Rs 350 bn Luxury Housing Pipeline

  • The corridor offers access to Golf Course Road, NH-48, Sohna Road and the Southern Peripheral Road, and its ecosystem of schools, healthcare, retail and hospitality has strengthened residential appeal. Developers named in the pipeline include MAX Estates, M3M Brabus Residences, Anant Raj Estate One, Conscient Hines Elevate, Godrej Verano, EMAAR Marbella 2 and a forthcoming project by Smartworld Developers.
Construction WorldVerify filing ↗
24 Jun 2026Corridor Infra

Gurugram’s Southern Peripheral Road Elevated Corridor Project Re-Enters Planning Stage As GMDA Seeks Fresh DPR For Key Stretch

  • Bookmark stories for easy access on any device or the Swarajya app . The Gurugram Metropolitan Development Authority (GMDA) has restarted planning for the long-delayed Southern Peripheral Road (SPR) elevated corridor by inviting bids to prepare a detailed project report (DPR) for the 6 km Ghata Chowk–Vatika Chowk stretch.
swarajyamag.comVerify filing ↗
21 Jun 2026Corridor Infra

Gurugram Railway Station to get direct road link to Dwarka Expressway

  • The Gurugram Railway Station, currently being upgraded under the Centre's Amrit Bharat Station Scheme, is set to get a direct road link to the Dwarka Expressway, with the Gurugram Metropolitan Development Authority (GMDA) preparing to commission a feasibility study to identify the most suitable route.
tribuneindia.comVerify filing ↗
5 Jun 2026Corridor Infra

GMDA withdraws tender for construction of elevated road on SPR

  • The Gurugram Metropolitan Development Authority (GMDA) on Friday withdrew the ₹ 750 crore tender for constructing an elevated road on the Southern Peripheral Road (SPR) from Vatika Chowk to Clover Leaf on the Delhi-Gurugram Expressway, officials said.
hindustantimes.comVerify filing ↗
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06

Frequently asked

Does Smartworld deliver its Gurugram projects on time?

We read this from Smartworld's HARERA filings rather than the brochure — for every tracked Gurugram project, whether it was handed over on or before its RERA-committed possession date, and how far behind the late ones ran. On that record Smartworld is a clear weak spot. The exact on-time share and the average slippage sit on this page, free with a mobile number, and no developer pays to change either one.

How many projects has Smartworld delivered in Gurugram?

We track 15 Smartworld projects in Gurugram: 3 delivered, 10 still under construction. Each is scored on delivery, legal standing and pricing in its own report.

Is Smartworld a reliable developer to buy from?

On delivery, Smartworld's tracked record is a clear weak spot. But reliability is project-specific: our developer read covers delivery, financial strength and legal signals, and every project Smartworld is building gets its own forensic report and Truth Score. Check the specific project before you book.

See all Smartworld projects

Every project we track from this developer — Truth Score, entry price and delivery risk, side by side.

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Independent assessment by Truth Estate. No developer can pay for a higher score or a better placement. Performance figures are our own tracked estimates. For the full audited financials and project-level forensics, open the reports.