Located in Greater Noida West, Sector 12 (Plot no C-7), Nirala World, a prominent real estate company based in Delhi NCR, recently won an auction in the bidding of the Greater Noida Industrial Development Authority (GNIDA) to purchase a 10,400 square meter (2.5 acre) commercial land parcel worth Rs. 175 crore.
"We recently purchased a land parcel in Greater Noida West through an auction process," stated Suresh Garg, CMD of Nirala World. The group is all set to develop its 2nd commercial project in the region with an investment of Rs. 300 Cr. to offer a landmark destination of retail, commercial, high street, food court, multiplex, office spaces, ample parking space, etc. for the residents of upcoming housing societies of sector 12.
The company will infuse its own funds and utilize sales earnings to develop the project. Suresh Garg, CMD of Nirala World, added, "As soon as the relevant authorities provide their approvals, we will resume construction.The total development potential in this project will be 7.87 Lakh sq. ft. "
Expanding its commercial footprint in the region, a few months back, the group had strategically purchased a land parcel in sector 10, Gr Noida West to develop its first ever commercial projects.
Nirala World will continue to look for land parcels in Delhi-NCR. To expand its footprint, it intends to enter the Gurugram commercial and housing markets.Prior to this, the company is already developing a luxury residential project situated in Sector 2, Greater Noida West by the name of “Nirala Trio”. The project comprises 400 units in which 40% of units are already sold in a very short time span.
Nirala World has already developed a 25-acre project by the name of Nirala Estate in Greater Noida West comprising 4,050 homes out of which possession of 3,600 units has been given to the buyer and 450 units to be delivered soon in its last phase.
Over a decade, Nirala World has developed a strong reputation as a trusted developer in the Noida-Greater Noida region. Focused on strong delivery of projects with top-notch construction quality and before-time delivery, the brand is set to gain a strong foothold in the real estate fraternity of Noida & Greater Noida.
