This company to invest Rs 450 cr for 30 lakh sq ft in commercial & retail project

New Delhi: Realty player Ocean Infraheights plans to invest Rs 450 crore for the development of 30 lakh square feet in a commercial and retail project in Delhi NCR.

The project is located in Greater Noida (West) and is spread on a 25 acre land plot. The project ‘Golden I’ was acquired by Ocean Infraheights from another firm, the company said in a statement. 

“There is a lack of big managed space in Noida. We hope to provide that with this project,” said Sudhanshu Rai, CEO, Golden I.

The project will have 10 percent residential component as well. Ocean Infraheights had acquired the project in October 2019.