Realty firm Nirala World will invest Rs. 525 crore to develop a premium shopping mall project in Greater Noida as part of its expansion strategy, the company said recently.
The company plans to develop the mall, named ‘Nirala Diadem’, on a 2.5-acre land parcel in Greater Noida.
According to the statement, Nirala World has already invested Rs. 175 crore towards land acquisition, while an additional Rs 350 crore will be spent on the construction of the project.
The upcoming mall is aimed at strengthening the company’s presence in the commercial real estate segment and catering to the growing retail demand in the region.
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