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

Representative AI image
Representative AI image

NEW DELHI: Shree KB Realty, a real estate firm, has acquired a 3-acre plot in Greater Noida for ₹122 crore via auction to develop a commercial project.

The company announced on Thursday that it secured a land parcel measuring 12,000 square meters (approximately 2.97 acres) for ₹122 crore, which includes lease rent and stamp duty.

The land, situated in Greater Noida West, was obtained through an auction held by the Greater Noida Authority.

Rakesh Singhal, founder of Shree KB Group, stated, “We plan to construct a commercial project on the purchased land, featuring a built-up area of 8.5 lakh sq ft.” He noted a strong demand for commercial space in Greater Noida, driven by the completion of numerous housing projects.

Founded in 2005, Noida-based Shree KB Realty has undertaken several residential and commercial developments across Delhi-NCR, delivering over 5.5 lakh sq ft of premium space.

  • Published On January 8, 2026, at 05:00 PM IST

Join the community of 2M+ industry professionals.

Subscribe to our newsletter for the latest insights and analysis delivered to your inbox.

Stay updated on the ETRealty industry right from your smartphone!

QR Code to Download App

Related Posts

Puravankara to Co-Develop 5.5 Acres in East Bengaluru

Representative image created by AI NEW DELHI: Puravankara Group has announced a joint development on a 5.5-acre land parcel in Balagere, East Bengaluru, with a projected gross development value (GDV) exceeding ₹1,000 crore. This parcel includes a total saleable area of 0.83 million square feet, with the project expected to launch within six to nine months. According to Mallanna Sasalu, CEO-South of Puravankara, “We anticipate launching the project in the next 6-9 months, and are confident it will enhance our growing portfolio.” Earlier in the year, the company acquired a 3.63-acre site on Kanakapura Road, valued at over ₹700 crore.…

Signature Global to raise ₹875 crore next week through NCDs

NEW DELHI: Signature Global Ltd, a real estate firm, plans to raise Rs 875 crore next week through non-convertible debentures (NCDs) targeted at investors. In a regulatory filing on Thursday, the company announced that its Debenture Committee has approved the issuance of 87,500 NCDs, with a face value of Rs 1 lakh each, totaling Rs 875 crore via private placement. The NCDs, which have a coupon rate of 11%, will have a tenure of 3 years, 2 months, and 30 days, with allotment slated for October 16, 2025, and maturity on January 15, 2029. Earlier in June, the board of…

30,000 Properties Missing from Nagpur Civic Database, Not Taxed

NAGPUR: A recent land use verification exercise by the Nagpur Municipal Corporation’s (NMC) Development Plan (DP) unit has uncovered 30,000 previously unrecorded structures within city limits. This finding raises significant concerns regarding tax evasion and the reliability of civic data. The DP unit identified these structures while assessing existing land usage as part of its urban planning responsibilities. In response, the NMC’s property tax department has begun a thorough cross-verification of the information. Officials intend to overlay the new discoveries onto the corporation’s existing GIS (Geographical Information System) property database to pinpoint properties that are not currently subject to tax.…