Nirala World, a prominent real estate company, has offered to invest 1000 crore in mixed-use development of projects in Greater Noida, Uttar Pradesh. The firm intends to develop integrated properties that include residential, retail, hotel, and commercial properties to meet the increasing demand in the region. The investment will be utilized to create projects over around 25 acres and the initial phase shall consist of a combination of retail and serviced apartments along the future metro route and airport.
Nirala World's strategic goal is to take advantage of Greater Noida's enhancing infrastructure and its growing popularity among urban residential customers and investors.
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Jitendra Yadav, Managing Director, Nirala World, stated, "We are optimistic about the growth potential of Greater Noida supported by high-speed infrastructure development and robust customer base. Our projects will introduce world-class facilities, high-strength premium, and green concepts to the market."
He further stated the company is looking for partnership opportunities with international brands to drive the value proposition of its retail and hospitality segments in these projects.
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The expansions will be implemented in stages over a period of some years, with the initial stage set to come on stream in early 2026.
Nirala World has already handed over more than 10 million square feet of property in the Delhi NCR area and seeks to become a market leader in the mixed-use development arena through this aggressive investment policy.
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