SPJ True Realty, the real estate arm of the renowned SPJ Group, has officially launched Vedatam, an ambitious high-street retail and mixed-use development in Sector 14, Gurugram. With an investment of ₹500 crore, this new commercial hub is set to redefine the retail, leisure, and urban living landscape in the region. The project is expected to generate total sales revenue of over ₹1,000 crore, primarily funded through promoter equity and sales proceeds.

A Landmark Development in Sector 14

Covering 4.15 acres, Vedatam will be developed in two phases over a span of three years. The first phase will focus on the retail segment, while the second phase will introduce residential units to complement the development. Once completed, Vedatam will feature over 400 commercial units and approximately 140 residences, offering a seamless blend of retail, dining, entertainment, and community living. SPJ True Realty has already launched two retail floors in the first phase, offering prime commercial spaces priced between ₹25,000 and ₹45,000 per square foot. The retail spaces will span three levels: Lower Ground, Upper Ground, and First Floor, ensuring visibility for brands and creating an ideal shopping experience for visitors. The second floor will host a variety of food and beverage outlets, including a brewery, fine dining restaurants, a spacious food court, and multi-cuisine dining options.

Developers anticipate that the growth story of the real estate market around Dwarka Expressway will accelerate, supported by enhanced metro connectivity and rising demand from both homebuyers and investors. Ravi Nirwal, sales director and principal partner at Square Yards, added that the operationalisation of UER-II is also expected to boost residential activity in Delhi’s peripheral areas such as Kundli, Sonipat and Narela. “The new connectivity corridor is expected to create a broader and more resilient base of demand,” he said.

A Hub of Retail, Dining, and Entertainment

One of the key attractions of Vedatam is its diverse retail, food, and entertainment mix. The third floor will house the only multiplex in Sector 14, operated by PVR, adding a cinematic experience to the location. This makes Vedatam a comprehensive entertainment destination, catering to all aspects of modern lifestyle needs. The combination of retail vibrancy, fine dining, and entertainment will create a dynamic atmosphere for visitors and residents alike.

A Vision for Future Growth

SPJ True Realty's innovative approach to construction, combined with its strategic land positioning and focus on quality, is set to redefine the real estate landscape in NCR. Backed by the legacy and financial strength of the SPJ Group, Vedatam is poised to meet the demands of modern urban living, offering a truly connected and dynamic destination for people across Gurugram.