Nearly half of the main commercial spaces at Sangarmal are therefore still looking for buyers. The Old SMG project has an estimated cost of Rs 33.95 crore against an expected premium of Rs 64.80 crore. The Sheikhbagh project is estimated to cost Rs 33.12 crore, against an expected premium of Rs 62.63 crore. The project is estimated to cost Rs 8.24 crore and is expected to generate a premium of Rs 29.16 crore. That does not mean Srinagar does not need new commercial spaces.