Nirala World Buys 2.5 Acre Land In Greater Noida For Rs 1.75 Bn
Real Estate

Nirala World Buys 2.5 Acre Land In Greater Noida For Rs 1.75 Bn

Real estate company Nirala World has bought 2.5 acre land in Greater Noida to develop a 8 lakh square feet commercial project to meet rising demand of office and retail spaces. In a statement, Nirala World said the company bought this land through an auction, from Greater Noida Industrial Development Authority (GNIDA). 

It has won bid to acquire a 10,400 square metre (2.5 acre) commercial land parcel worth Rs 1.75 billion. The total development potential in this project will be 7.87 lakh sq ft. In October last year, Nirala World had purchased a 2.6-acre land parcel in Sector 10, Greater Noida West to develop its first commercial projects. Nirala World said the company will continue to look for land parcels in Delhi-NCR. To expand its footprint, the company intends to enter the Gurugram commercial and housing markets. 

Nirala World 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 per cent units are already sold. Nirala World has 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 buyers and 450 units will be delivered soon in its last phase.      

Real estate company Nirala World has bought 2.5 acre land in Greater Noida to develop a 8 lakh square feet commercial project to meet rising demand of office and retail spaces. In a statement, Nirala World said the company bought this land through an auction, from Greater Noida Industrial Development Authority (GNIDA). It has won bid to acquire a 10,400 square metre (2.5 acre) commercial land parcel worth Rs 1.75 billion. The total development potential in this project will be 7.87 lakh sq ft. In October last year, Nirala World had purchased a 2.6-acre land parcel in Sector 10, Greater Noida West to develop its first commercial projects. Nirala World said the company will continue to look for land parcels in Delhi-NCR. To expand its footprint, the company intends to enter the Gurugram commercial and housing markets. Nirala World 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 per cent units are already sold. Nirala World has 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 buyers and 450 units will be delivered soon in its last phase.      

Next Story
Resources

Rustomjee Builds Model Labour Housing in Thane

In a pioneering move that redefines worker welfare in Indian real estate, Rustomjee Group has unveiled a state-of-the-art 35,000 sq. ft. labour housing facility at the construction site of Rustomjee Urbania in Thane. The project sets a new industry benchmark by integrating comfort, safety, sustainability, and dignity into housing for 500 construction workers. Spread across 84 well-ventilated rooms, each 10x10 feet and accommodating up to six individuals, the facility offers far more than basic shelter. It represents a deeper cultural shift in how the construction workforce is valued—creatin..

Next Story
Real Estate

Young and Old Fuel India’s Housing Boom

India’s housing market is witnessing a surprising surge in interest from two distinct age groups—young professionals and senior citizens. A recent consumer sentiment survey of 1,950 prospective homebuyers reveals that both 18–24-year-olds and those aged 75 and above are showing strong intent to invest in real estate, highlighting a shift in how different generations are approaching property ownership. Young professionals, driven by rising incomes and a long-term view on wealth creation, recorded a Housing Sentiment Index (HSI) score of 164. Respondents from this group indicated they are..

Next Story
Resources

AD Ports’ LNG-Powered Ro-Ro Vessel Sets Sail from Khalifa Port

United Global Ro-Ro, a joint venture between Noatum Maritime (a part of AD Ports Group’s Maritime & Shipping Cluster) and Erkport, has marked a major milestone with the maiden voyage of its first LNG-powered Pure Car and Truck Carrier (PCTC), UGR Al Samha, at Khalifa Port. This event signifies a new chapter in sustainable maritime logistics, as the deep-sea vessel will serve as a green link across trade routes spanning the Middle East, Asia, and the Mediterranean. With a cargo capacity of over 7,000 car equivalent units (CEU) across 12 decks, UGR Al Samha has been designed to optimise the ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?