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CRC Gp to Develop a 24-Lakh SqFt IT/ITES Project with Rs 1200 cr Expected Revenue

Noida, October 25, 2023: CRC Group, a realty player headquartered in Noida (UP), has announced its commercial with intelligent office spaces, CRC Flagship in sector 140, Noida (UP). The expected revenue of the project is Rs. 1200 crores. 

Spanning a total of 24 lakh square feet area, CRC Flagship comprises 12 lakh square feet of contemporary office spaces, 4 lakh square feet of premium retail outlets, 102 units serviced apartments, and an 7 lakh square feet dedicated to various essential services. The retail segment will offer a blend of high-street and air-conditioned shopping experiences, including a food court, prominent anchor shops, and vanilla shops on the leasing model. 

“Noida is emerging as the next corporate hub of NCR due to its proximity to Noida International  Airport and the emergence of Yamuna Expressway as an industrial hub. As a result, we expect a phenomenal increase in the rental value of the city. Keeping in with growth projections, CRC Flagship has been designed to be future-ready. It is scalable as per the emerging needs of the next three decades,” said Salil Kumar, Director, Sales & Marketing at CRC Group.

CRC, at present, is undertaking the construction of projects spread over a total of 72 lakh sq ft area and has also acquired prime real estate in Greater Noida West, collaborated with Jaypee to construct a high-end, ultra-luxury residential complex with a golf course view, and has plans to develop a mixed-use land parcel exclusively on a lease basis in Noida at Expressway.