Nirala World is set to invest Rs 1,000 crore in two major mixed-use developments in Greater Noida West, Uttar Pradesh. The projects, Nirala Gateway in Sector 12 and Nirala Diadem in Sector 10, will each span over 10,600 sq. mtrs. and feature retail floors, office spaces, and studio apartments.
The land acquisition costs are estimated at Rs 200 crore per project, with construction projected to require an additional Rs 300-350 crore each. The developments will feature multi-level retail and around 500 serviced studio apartments, each approximately 650 sq. ft. in size and priced at about Rs 65 lakh.
An international operator is expected to be appointed to manage the studio units for both sale and lease. According to Suresh Garg, Chairman & Managing Director, “We are actively looking at other NCR markets including Gurugram, but high land costs remain a challenge there too.”
Nirala World’s other ongoing projects include Nirala Drive and Nirala Trio in Sector 2, with Trio expected to be completed by 2026 and having a RERA deadline in 2028.
