Project News Detail
| Project No : | 205647 |
|---|---|
| Project Title : | Set to invest Rs 1,000 crore in two major mixed-use developments in Greater Noida West in Uttar Pradesh. |
| Company Name : | Private Company |
| Project Detail : | Nirala World is set to invest Rs 1,000 crore in two major mixed-use developments in Greater Noida West in Uttar Pradesh. These include Nirala Gateway in Sector 12 and Nirala Diadem in Sector-10. Each project spans over 10,600 sq. mtrs. and will include retail floors, office spaces, and studio apartments. Land acquisition costs are estimated at Rs 200 crore per project, with construction projected to require an additional Rs 300–350 crore each. The developments will feature multi-level retail and around 500 serviced studio apartments, each approx. 650 sq. ft. in size and priced at about Rs 65 lakh. An international operator is expected to be appointed to manage the studio units for both sale and lease. Chairman & Managing Director, Suresh Garg noted, “We are actively looking at other NCR markets including Gurugram, but high land costs remain a challenge there too.” Nirala World’s other ongoing projects include Nirala Drive and Nirala Trio in Sector 2. Trio is expected to be completed by 2026 with a RERA deadline in 2028. |
| Project Location : | Noida - Uttar Pradesh - India |
| Project Estimation : | Refer Document |
| Status : | Announced |