Nirala World Greater Noida Makes Waves with Landmark Land Acquisition for Commercial Project

Nirala World, a prominent real estate developer in Delhi-NCR, has acquired a significant 2.6-acre land parcel in Greater Noida. The deal, valued at INR 180 crore, marks the company's ambitious expansion in the region.

Prime Location in Sector-10, Greater Noida West

The newly acquired land is strategically located in Sector-10, Greater Noida West, an area with booming real estate potential. The acquisition was facilitated through a competitive auction conducted by the Greater Noida Authority, reflecting the company’s commitment to securing prime locations for its projects.

Plans for a Commercial Landmark

Nirala World intends to transform the land into a high-end commercial project, possibly a shopping mall or a high-street retail destination. The estimated construction budget for this project is between INR 250-300 crore, highlighting the scale of this venture. The company plans to fund the development internally, ensuring robust financial backing.

Approval Process and Construction Timeline

The commencement of construction hinges on obtaining requisite approvals from the Uttar Pradesh Real Estate Regulatory Authority (UPRERA) and other authorities. Nirala World has expressed readiness to kick off construction as soon as these permissions are secured, aiming for a swift project rollout.

Track Record: Nirala Estate in Greater Noida West

Nirala World has already made a mark in Greater Noida West with its expansive 25-acre residential project, Nirala Estate. Of the 4,050 units in the development, 3,600 have been handed over to buyers, and the remaining 450 are slated for delivery soon. This track record underscores the company’s credibility and capability in delivering large-scale projects.

Key Highlights

• Land Acquisition: Nirala World acquires a 2.6-acre parcel in Sector-10, Greater Noida West for INR 180 crore.
• Strategic Location: The site is located in a high-growth area with immense commercial potential.
• Planned Project: A high-street retail or mall project with a construction budget of INR 250-300 crore.
• Approval Pending: Construction to begin post-clearance from UPRERA and other authorities.
• Previous Success: Nirala Estate, a 25-acre residential project in the same region, has already delivered 3,600 units.

Nirala World’s latest acquisition is poised to reshape Greater Noida West’s commercial landscape, adding another feather to the cap of this reputed developer.

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