In a significant move for the real estate sector in Greater Noida, Nirala World, a leading real estate developer based in Delhi NCR, has successfully secured a valuable 10,400 square meter commercial land parcel worth Rs. 175 crore. This acquisition was made during an auction conducted by the Greater Noida Industrial Development Authority (GNIDA). Suresh Garg, CMD of Nirala World, confirmed the news, stating, “We recently purchased a land parcel in Greater Noida West through an auction process.” This purchase marks the beginning of the company’s second commercial project in the region, which is expected to require an investment of Rs. 300 crore. The project aims to create a landmark destination that will feature a mix of retail spaces, commercial offices, a food court, multiplex, and ample parking facilities for the residents of the new housing societies in Sector 12. Nirala World has committed to using its own funds alongside sales earnings to finance this ambitious project. As the company awaits necessary approvals from relevant authorities, construction is poised to begin promptly. The projected total development area for this project is approximately 7.87 lakh square feet, significantly contributing to the region’s commercial landscape.
Nirala World Expands Its Commercial Footprint
In a strategic effort to solidify its presence in the commercial sector, Nirala World had previously acquired another land parcel in Sector 10, Greater Noida West, where it is developing its first-ever commercial project. This proactive approach indicates the company’s commitment to enhancing its portfolio and meeting the growing demand for commercial spaces in the region. Moreover, Nirala World is not only focused on Greater Noida; the company has plans to expand into Gurugram’s commercial and housing markets. This expansion strategy is an important part of the company’s vision to enhance its operational footprint across the National Capital Region. Nirala World is already making waves in the luxury residential segment with its ongoing project, “Nirala Trio,” situated in Sector 2, Greater Noida West. This project consists of 400 units, with an impressive 40% already sold within a short time frame, showcasing the brand’s strong market appeal and trust among buyers.
Established Reputation and Future Plans
Nirala World has a solid track record in the Noida-Greater Noida real estate scene, having developed a previously completed 25-acre project named Nirala Estate. This expansive development consists of 4,050 homes, with 3,600 units already handed over to buyers and 450 units pending delivery in the final phase. Over the past decade, the company has earned a reputation as a reliable developer known for its commitment to high-quality construction and timely project delivery. As the brand continues to grow, it aims to further establish its foothold in the real estate sector, focusing on premium quality and customer satisfaction. With an eye on future developments, Nirala World is poised to become a dominant player in the real estate fraternity of Noida and Greater Noida.
Conclusion
Nirala World is set to redefine commercial development in Greater Noida with its new project. The company’s strategic acquisitions and commitment to quality construction bode well for its future growth.
