Nirala World, a prominent real estate developer, has acquired a 10,400 sq. mtrs. commercial land parcel in Greater Noida West through a GNIDA auction for Rs 175 crore. The company is set to develop its second commercial project in the region, with a total investment of Rs 300 crore.

This development aims to create a landmark retail and commercial hub, featuring a high street shopping experience, office spaces, food courts, a multiplex, and ample parking for the growing population in Sector-12. According to Suresh Garg, CMD of Nirala World, the company will fund the project through internal capital and sales revenue. Construction will commence once regulatory approvals are obtained, with an estimated total development area of 7.87 lakh sq. ft..

Nirala World recently acquired another land parcel in Sector-10 to develop its first commercial project. Additionally, the company is actively seeking land opportunities across Delhi-NCR and plans to enter the Gurugram commercial and housing markets.

The company is currently developing Nirala Trio, a luxury housing project in Sector-2, Greater Noida West, which consists of 400 units, with 40 percent already sold in a short period. Furthermore, the company has successfully developed Nirala Estate, a 25-acre residential project in Greater Noida West, delivering 3,600 homes and planning to hand over the remaining 450 units soon.