Nirala World, a leading name in the Indian real estate sector, has announced an ambitious investment of Rs 1,000 crore to develop two large-scale mixed-use projects in Greater Noida. The company aims to reshape the urban landscape of the region by bringing together retail, office spaces, and high-end serviced studio apartments. With the growing demand for integrated living and workspaces, this move is set to drive growth and provide a sustainable model for real estate development in the National Capital Region (NCR).
Nirala Gateway and Nirala Diadem: A Closer Look at the Projects
Nirala World is investing heavily in two projects located in Greater Noida West—Nirala Gateway in Sector 12 and Nirala Diadem in Sector 10. Both projects are spread across an expansive 10,600 sq. meters and will offer a mix of retail, office spaces, and serviced studio apartments. Here’s a breakdown of the key features:
- Size of Each Project: Over 10,600 sq. meters.
- Serviced Studio Apartments: Around 500 studio apartments, each measuring 650 sq. ft.
- Price of Apartments: Approximately Rs 65 lakh each.
- Retail and Office Spaces: Multi-level facilities designed to cater to modern business and retail needs.
Investment Breakdown and Construction Details
The investment for each project is substantial, with an estimated Rs 1,000 crore earmarked for development. The breakdown of the cost is as follows:
- Land Acquisition Cost: Rs 200 crore for each project.
- Construction Cost: Estimated between Rs 300–350 crore for each project.
- International Operator: A global operator will be appointed to manage the studio units, both for sale and lease.
The development of Nirala Gateway and Nirala Diadem will contribute significantly to the economic growth of Greater Noida, providing opportunities for businesses, entrepreneurs, and residents alike.
Future Projects in the Pipeline
In addition to Nirala Gateway and Nirala Diadem, Nirala World is developing two more projects—Nirala Drive and Nirala Trio—in Sector 2. While Nirala Trio is expected to be completed by 2026, the official RERA deadline is set for 2028. These projects are a part of the company’s broader expansion plans in the NCR region.
Despite exploring other NCR markets like Gurugram, the company faces challenges related to high land costs in these areas, which may impact future growth. However, the ongoing developments in Greater Noida demonstrate Nirala World’s commitment to quality construction and mixed-use development.
Quick Facts:
| Project Name | Location | Investment | Size | Apartments | Price per Apartment | Completion Date |
|---|---|---|---|---|---|---|
| Nirala Gateway | Sector 12, Greater Noida West | Rs 1,000 Crore | 10,600 sq. meters | 500 serviced studio apartments | Rs 65 Lakh | 2026 |
| Nirala Diadem | Sector 10, Greater Noida West | Rs 1,000 Crore | 10,600 sq. meters | 500 serviced studio apartments | Rs 65 Lakh | 2026 |
| Nirala Drive and Nirala Trio | Sector 2, Greater Noida | N/A | N/A | N/A | N/A | Nirala Trio: 2026 |
Quotes from Company Officials:
“We are excited to bring Nirala Gateway and Nirala Diadem to Greater Noida. These mixed-use developments will set a new benchmark for integrated living and workspaces, providing residents and businesses with the best amenities,” said a spokesperson from Nirala World.
FAQ:
1. What is the total investment for Nirala World’s mixed-use projects in Greater Noida?
Nirala World is investing a total of Rs 1,000 crore in two mixed-use developments—Nirala Gateway and Nirala Diadem.
2. What types of properties will be available in these projects?
Both projects will feature multi-level retail spaces, office spaces, and around 500 serviced studio apartments.
3. How much will the studio apartments cost in Nirala Gateway and Nirala Diadem?
The serviced studio apartments will be priced at approximately Rs 65 lakh each.
4. What is the expected timeline for the completion of these projects?
The projects are expected to be completed by 2026, with an official RERA deadline set for 2028 for some developments.
5. Is Nirala World planning to expand into other NCR markets?
Yes, Nirala World is exploring opportunities in other NCR markets like Gurugram, although high land costs present a significant challenge.