SPJ Vedatam launches 4.15-acre mixed-use commercial hub in Old Gurugram's Sector 14
SPJ Vedatam is developing a 4.15-acre retail, dining, and entertainment destination in Sector 14, Old Gurugram, targeting a 5 lakh catchment across 21 sectors. PVR and The Barbeque Company have signed as anchors, with Jindal Steel as construction partner and 1,100 parking spaces planned.
What happened
SPJ Vedatam is developing a 4.15-acre mixed-use commercial destination in Sector 14, Old Gurugram, integrating retail, dining, and entertainment. PVR and The
Key facts
- 4.15 acres
- 5 lakh catchment
- 21 sectors
- 1,100 parking spaces
- 25 minutes from IGI Airport
Why this matters
A greenfield 4.15-acre retail-dining-entertainment destination anchored by PVR signals renewed developer appetite for Old Gurugram, worth watching for anchor-tenant and JV partnership benchmarks in secondary NCR catchments.
What to watch
- Pre-leasing occupancy percentage at 6- and 12-month marks
- PVR screen count and format confirmation for the site
- Competing land acquisitions or retail announcements within Sector 14 vicinity
- Construction milestone adherence vs announced schedule
- NCR multiplex footfall trends and any PVR-Inox rationalization impacting screen commitments
- Lock additional F&B and fashion anchors before groundbreaking to signal leasing traction
- Publish phased construction timeline with Jindal Steel to reassure prospective tenants
- Negotiate revenue-share leases with anchors to align on footfall performance
- Coordinate with local authorities on road access and parking-flow easing