Mahagun Real Estate has received environment clearance for constructing a commercial complex in Greater Noida, Uttar Pradesh, at a cost of Rs 408 crore.
The proposed ‘Mahagun mall’ will be developed on 18,694 sq meter plot, which has been allotted by the Greater Noida Industrial Development Authority to the company. As per the proposal, the mall will have 155 shops, 16 auditoriums, 13 restaurants, two family entertainment centres and other facilities.
The Union Environment Ministry has given the final environment clearance (EC) on the recommendation of an expert panel which had first examined the proposal. The EC has been given subject to compliance of certain conditions, the ministry said in the EC letter issued to the company. Any appeal against the EC will lie with the National Green Tribunal within a period of 30 days, it added.
