Mahagun Group will invest over Rs 600 crore in the next four years to develop a commercial project in Greater Noida West near here, a company official said. It will develop around 12 lakh square feet of a commercial area comprising hotel, multiplex and retail and office spaces. The new commercial project named Mahagun Marina Wwalk would be developed with an investment of over Rs 600 crore, said Mahagun Group Director Amit Jain.
The project will avail bigger spaces like anchor stores, 14 screen superplex, food court, hyper store & entertainment area. The hotel will spread across an area of 2.33 lac sqft and will have more than 250 keys. The office block will comprise 150 units of office spaces, which will be in the sizes of 700 sqft to 2000 sqft per unit with a total area of 1.15 lac sqft. The project would be ready by December in the year 2023.
With metro becoming operational soon and connectivity increasing via widening of NH 24 and the presence of FNG Expressway, Greater Noida West is becoming a hub for residential and commercial developments. Also with Jewar Airport’s work being paced up, the airport in coming few years will immensely help the regions like Noida, Greater Noida and Greater Noida West, to grow.”
The completed projects by group are Mahagun Maple, Mahagun Manor, Mahagun Maestro at Sector 50 (Noida), Mahagun Moderne at Sector 78 (Noida), Mahagun Mansion in Indirapuram and Mahagun Mascot in Crossings Republik, Ghaziabad. The group has a successfully running shopping mall by the name of Mahagun Metro Mall in Vaishali, Ghaziabad