New Delhi, Dec 6 (PTI) Realty firm Smartworld Developers will invest around Rs 2,000 crore to build its first project in Noida, as part of the company's plan to expand beyond the Gurugram property market.

Smartworld Developers has announced its entry into Noida, which is an important micro-market in the Delhi-NCR.

The company has acquired a 6-acre land parcel in Sector 98 along the Noida Expressway through an auction process for Rs 414 crore, it said in a statement.

Smartworld Developers will build a mixed-use project comprising premium branded residences, high-street retail, and serviced homes.

The company will invest around Rs 2,000 crore to build this project, while the estimated revenue exceeds Rs 3,000 crore.

"Entry into Noida is a significant milestone for Smartworld Developers

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