SPJ True Realtyy, 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 Realtyy 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.
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.
Modern Amenities and Strategic Location
Vedatam is designed with the convenience of its visitors in mind, featuring over 1,100 car parking spaces, a state-of-the-art three-level parking system, high-speed elevators, and escalators. The development also includes 100% power backup, advanced fire safety systems, and earthquake-resistant construction to ensure safety and operational efficiency. Future phases of Vedatam will introduce premium residential units and a luxurious clubhouse, fully realizing the vision of a live-work-play ecosystem.
The development enjoys excellent connectivity with major roads and highways, including NH-48, Old Delhi-Gurgaon Road, and the Dwarka Expressway, making it easily accessible from various parts of NCR. Vedatam is located just 3 km from HUDA City Centre Metro Station and 5 km from MG Road Metro Station. Key business districts like Cyber City, Udyog Vihar, and Golf Course Extension Road are in close proximity, while the IGI Airport is just a 20-minute drive away.
A New Standard in Gurugram’s Urban Landscape
Pankaj Jain, Founder and CMD of SPJ Group, expressed confidence in the project’s potential. He stated, “Sector 14, despite being densely populated, has been largely untapped in terms of organized retail, and Vedatam is our answer to this untapped opportunity. This project sets a new benchmark in mixed-use development and retail in Gurugram.”
Vedatam aims to address the growing demand for both high-quality commercial spaces and modern residential units in the region, offering an integrated lifestyle solution for businesses, residents, and visitors alike. The project reflects SPJ True Realtyy’s commitment to creating vibrant, sustainable ecosystems that support lifestyle, leisure, and community living.
A Vision for Future Growth
SPJ True Realtyy’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.