The SPJ Group’s realty arm SPJ True Realtyy has announced its debut commercial project, Vedatam, in Sector 14, Gurugram. With an investment of around ₹500 crore, the development aims to set a new benchmark for retail, leisure, and urban living, and will be the first organised commercial hub in this part of the city.

Spread over 4.15 acres, Vedatam will comprise premium retail spaces, service apartments, and 140 well-designed residences, blending vibrant shopping experiences with community living. The project will be built in two phases over the next three years, with completion targeted for 2028. Once finished, it will offer more than 400 high-end commercial units. The estimated total sales realisation is expected to exceed ₹1,000 crore, funded through a mix of promoter equity and sales proceeds.

Currently, the company has launched phase 1 with two floors in its retail segment with size varying from 500 sq. ft. to 1500 sq. ft. The company is selling its retail units which are priced between ₹25,000 to ₹50,000 per sq. ft. on built-up area.

The phase 2 of the project will have 3 BHK serviced apartments.

Centrally located to serve 11 adjoining sectors, including 8, 12, 14, 15, 16, 17, 22, and 23, Vedatam is designed around a curated retail, F&B, and entertainment mix. The retail segment spans three levels, Lower Ground, Upper Ground, and First Floor, ensuring high visibility for brands and seamless shopping experiences. The second floor is a culinary destination with fine dining, multi-cuisine outlets, a brewery, and a spacious food court, while the third-floor houses Sector 14’s only multiplex operated by PVR, alongside more F&B options.

Pankaj Jain, Founder and CMD, SPJ Group, said, “We believe that locations like Sector 14, densely populated yet untapped in organised retail, hold immense potential, and Vedatam is our answer to that opportunity. With this project, we are setting a new benchmark in neighbourhood retail and mixed-use development in Gurugram. Vedatam reflects our commitment to creating vibrant, sustainable ecosystems that blend lifestyle, leisure, and community living.”

With over 1,100 car parking spaces (including a unique three-level parking system), high-speed elevators and escalators, 100% power backup, advanced fire safety, and earthquake-resistant construction, Vedatam is engineered for operational ease and visitor comfort. Future phases will introduce premium residences and an exclusive clubhouse, fully realising the live-work-play vision.

Vedatam enjoys seamless access to NH-48, Old Delhi-Gurgaon Road, and the Dwarka Expressway, ensuring smooth mobility across NCR. It lies just 3 km from HUDA City Centre Metro Station and 5 km from MG Road Metro Station, while business districts like Cyber City, Udyog Vihar, and Golf Course Extension Road are all nearby. The IGI Airport is just a 20-minute drive away, making Vedatam a truly connected destination for modern urban living.

With a focus on innovation, quality construction, and strategic land positioning, SPJ True Realtyy aims to redefine the real estate narrative in NCR. Backed by the legacy and financial strength of the SPJ Group, Vedatam aligns with the company’s commitment to delivering projects that not only meet but exceed modern urban aspirations.