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TL;DR: Shree KB Realty bought a 3-acre Greater Noida West plot for ₹122 crore via auction to develop ~8.5 lakh sq ft of commercial space. The move taps strong local retail and office demand driven by nearby residential growth.
Shree KB Realty’s Strategic Commercial Move in Greater Noida West
Shree KB Realty has secured a 3-acre (12,000 sq metre) parcel in Greater Noida West through an auction held by the Greater Noida Authority, paying ₹122 crore inclusive of lease rent and stamp duty. The company plans a commercial development with a built-up area of approximately 8.5 lakh sq ft, a substantial addition to the region’s growing inventory of retail and office space.
Deal highlights
- Plot size: 3 acres (12,000 sq metres)
- Transaction value: ₹122 crore (including lease rent & stamp duty)
- Planned development: ~8.5 lakh sq ft commercial built-up area
- Acquisition route: Auction conducted by Greater Noida Authority
Why this matters for Greater Noida West
Greater Noida West continues to attract developers because of its residential growth and improving infrastructure. Completion of multiple housing projects has created robust demand for retail, office and mixed-use commercial spaces. Shree KB Realty’s acquisition signals confidence in sustained leasing and retail consumption in the corridor.
Market context and nearby projects
This purchase places Shree KB Realty alongside several large format and mixed-use developments that are shaping the region’s commercial landscape. Established projects and upcoming hubs are drawing both national and regional tenants. For instance, notable nearby offerings include Nirala Gateway: retail, studio and office spaces in Noida Extension, while developments along arterial corridors such as the Noida Expressway and Yamuna Expressway—like Sikka Mall of Noida: retail, office and food court spaces on Noida Expressway and Gaur Yamuna City: premium retail and office spaces on Yamuna Expressway—illustrate the breadth of retail and office demand in the broader NCR.
Shree KB Realty: track record and capability
Founded in 2005 and based in Noida, Shree KB Realty has delivered a mix of residential and commercial projects across the Delhi-NCR region. To date, the firm has completed more than 5.5 lakh sq ft of premium space, and this new 3-acre acquisition represents a step up toward larger commercial assets in a high-demand micro-market.
What to expect next
With land now under its control, Shree KB Realty will move into the planning and approval phase—finalizing design, tenant mix and phasing for the 8.5 lakh sq ft development. Potential outcomes for the project include:
- Mixed retail and office floors targeting local demand from nearby residential clusters.
- Inclusion of flexible studio or co-working spaces to attract small and mid-size enterprises.
- Leasing strategies aligned with growing consumer footfall and corporate demand across Greater Noida West.
Implications for investors and occupiers
Investors should view this acquisition as a sign that institutional developers continue to back Greater Noida West’s commercial potential. Occupiers seeking modern retail or office facilities can expect new stock to come online, which may offer competitive rental slabs and contemporary amenities. The concentration of demand set against expanding residential supply makes the timing advantageous for well-located commercial launches.
Quick takeaway
The ₹122 crore auction win by Shree KB Realty underscores the attractiveness of Greater Noida West for large-scale commercial projects. As the developer advances from land purchase to project execution, watch for leasing strategies and tenant announcements that will reveal the project’s positioning within the region’s evolving commercial ecosystem.
Project snapshot: 3 acres acquired via auction; planned 8.5 lakh sq ft commercial build; purchase price ₹122 crore (including charges); developer with a 2005 heritage and 5.5 lakh sq ft delivered.
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