SPJ True Realtyy, the real estate arm of SPJ Group, has announced the launch of Vedatam, a high-street retail and mixed-use development in Sector 14, Gurugram. With an estimated investment of INR 500 crore, the project is being positioned as the first organised commercial hub in the locality, blending retail, dining, entertainment, and residential spaces. The company expects total sales realisation from the project to exceed INR1,000 crore, funded through promoter equity and sales proceeds.
Spread across 4.15 acres, Vedatam will be developed in two phases over three years. The projectโs first phase includes more than 400 premium commercial units, while the second will introduce around 140 residences, creating a โlive-work-playโ ecosystem. The company has opened sales for two retail floors, with prices ranging between INR25,000 and INR45,000 per sq. ft. on built-up area.
Strategically located to serve 11 neighbouring sectors, Vedatam promises a curated mix of retail, F&B, and leisure. The retail space spans three levels, while the second floor is planned as a culinary hub with fine dining, a brewery, multi-cuisine restaurants, and a food court. The third floor will feature Sector 14โs only multiplex, operated by PVR, along with additional F&B options.
Pankaj Jain, Founder and CMD of SPJ Group, said: โLocations like Sector 14, which are densely populated but lack organised retail, offer immense potential. With Vedatam, we aim to set a new benchmark in neighbourhood retail and mixed-use development in Gurugram. This project embodies our vision of creating vibrant ecosystems where lifestyle, leisure, and community living converge.โ
The development also features modern infrastructure, including a three-level parking system with over 1,100 spaces, high-speed elevators and escalators, 100% power backup, and advanced fire and seismic safety measures. Future phases will bring premium residences and a clubhouse to complete the integrated urban experience.
Vedatamโs location ensures excellent connectivity, with direct access to NH-48, Old DelhiโGurgaon Road, and the Dwarka Expressway. It lies just 3 km from HUDA City Centre Metro Station and 5 km from MG Road Metro Station, with business hubs such as Cyber City and Udyog Vihar in close proximity. The IGI Airport is only a 20-minute drive.
With this launch, SPJ True Realtyy is positioning itself as a key player in NCRโs real estate landscape, focusing on high-quality construction, innovation, and strategically located projects. Backed by the financial strength of the SPJ Group, the company said Vedatam reflects its commitment to delivering projects that meet the evolving aspirations of modern urban India.
