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Blue Square Infrastructure ties up with Aims Max Gardenia to develop a commercial project in Noida
New Delhi: Realty firm Blue Square Infrastructure has tied up with a local builder to develop a commercial project in Noida at an estimated construction cost of about Rs 600 crore.
The project ‘Spectrum Metro’ will have 3.2 million sq ft of saleable area, comprising 2.2 million sq ft of high-street retail space. Two multiplexes with 10 screens each, 4,00,000 sq ft of office space and 800 service apartments would also be developed in t15-acreacre project. “We are developing this project in Sector 75 Noida and it is located near Metro station,” said Sagar Saxena, the project head. For this project, he said the company had tied up in 2015 with local developer Aims Max Gardenia that bought the land from Noida Authority.
The development cost of high-street retail is less than that of a shopping mall, he added. Saxena said the company has sold about 5,00,000 sq ft out of the 1.7 million sq ft launched so far. He said the company has already tied up with INOX for the multiplexes.
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