📋 Tender Overview
Scope : Development of a Commercial Project in Noida, Uttar Pradesh
To tap the growing market, Noida-based real estate player CRC Group has announced to expand its footprint by venturing into the premium segment.
It has announced the development of a commercial project in Noida, comprising 24 lakh square feet of built-up area. It expects revenues of Rs 1,200 crore from the premium commercial project over the next four years.
The project would cost around Rs 750-800 crore.
The company will develop 12 lakh square feet of office spaces, 4 lakh square feet of retail space and 102 service apartments in this project. We will be selling office space while the retail space will be provided on lease.
The CRC Group company is in talks with operators to manage its service apartments in this commercial project.
There is a great demand for Grade-A office space in the Noida market because of the limited supply of premium projects.
