Shree KB Realty Acquires 3-Acre Land in Greater Noida for ₹122 Crore

• 3-acre land parcel acquired via auction for ₹122 crore

• Planned commercial project with 8.5 lakh sq ft built-up area

• Deal reflects growing demand for offices and retail in Greater Noida

Real estate developer Shree KB Realty has purchased a nearly three-acre land parcel in Greater Noida for ₹122 crore through a public auction, marking a fresh investment push into the region’s expanding commercial property market.

According to a company statement issued on Thursday, the land parcel measures around 12,000 square metres (approximately 2.97 acres) and is located in Greater Noida West. The acquisition cost of ₹122 crore includes lease rent and stamp duty charges. The auction was conducted by the Greater Noida Authority.

On the newly acquired site, the company plans to develop a large-scale commercial project with a total built-up area of around 8.5 lakh square feet. The project is expected to cater to rising demand for office and commercial spaces in the region, driven by rapid residential development and improving infrastructure.

Rakesh Singhal, Founder of Shree KB Group, said the investment aligns with the company’s long-term strategy of expanding its commercial portfolio in high-growth corridors. He noted that Greater Noida is witnessing strong traction for commercial real estate, largely due to the completion and occupancy of several residential projects in recent years. This growing population base, he said, is creating sustained demand for offices, retail spaces, and mixed-use developments.

Greater Noida West has emerged as one of the National Capital Region’s most active real estate micro-markets, benefiting from better road connectivity, upcoming metro links, and proximity to employment hubs. Developers are increasingly betting on commercial assets in the area as end-user-driven residential growth translates into higher demand for organised workspaces and retail infrastructure.

Founded in 2005, Shree KB Realty is a Noida-based real estate firm with a track record of developing both residential and commercial projects across Delhi-NCR. To date, the company has delivered over 5.5 lakh square feet of premium built-up space and continues to focus on strategically located developments with long-term growth potential.

Industry experts say such land acquisitions through transparent auction processes reflect improving confidence among mid-sized developers, as commercial real estate demand in NCR remains resilient despite broader economic uncertainties.