Maasters Infra Group announced their first commercial project Maasters Capitol Avenue in Sector 62, Noida.
Capitol Avenue will have office space and retail. Project’s total area would be 10,00,000 sq. ft. to be completed in 42 to 45 months, post announcement. The company says that the total sales realization from the project is between Rs. 600 crore to Rs. 650 crore.
Units in Capitol Avenue are priced between Rs 30 lakh to Rs 2 crore. The project will also have high street retail and other facilities like a food court, rooftop club, gymnasium and conventional centre.
Talking about the office segment in Noida, Nikhil Anand, Director, Maasters Infra, said, “Noida is quickly catching up to other parts of the region in the commercial segment race in Delhi NCR. As connectivity increases, there is a greater need for real estate infrastructure, notably commercial space. Noida’s commercial viability will be boosted by the airport, Film City, and DMRC corridor. The Noida-Greater Expressway belt and the office zones (Sector 62 and 63) are particularly active.”
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