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Supertech to invest Rs 750 cr on commercial projects in Delhi-NCR

Supertech will develop 25 lakh sq ft area in retail and commercial segment across Delhi-NCR

Press Trust of India  |  New Delhi 

Supertech is developing about 40 realty projects across India

Realty firm Ltd on Monday said it is investing Rs 750 crore to develop retail and in Delhi-NCR and has appointed Vijay Kapoor as CEO of the vertical.

Kapoor has worked with PVR, in the past and has 25 years of experience, the company said in a statement.

In April, multiplex operator had sacked Kapoor, its then Chief Business Development Officer, on disciplinary grounds.

"is investing Rs 750 crore to develop 25 lakh sq ft area in retail and commercial segment spread across Delhi-NCR," the statement said.

The development will take place in Supertech's key - Supernova, E square and North Eye.

"Retail segment in India is gaining momentum and is gearing up to capitalise the opportunity by expanding its retail footprint in Delhi-NCR," said Mohit Arora, Director,

To strengthen retail business, he said the company has appointed Kapoor as CEO of the retail and commercial segment.

Almost 400 national and international brands will have their retail presence in projects like Supernova, North Eye, and E-Square in Delhi-NCR.

is developing about 40 realty projects in Noida, Greater Noida, Gurugram(formerly Gurgaon), Ghaziabad, Meerut, Moradabad, Dehradun, Haridwar, Rudrapur and Bengaluru.

First Published: Mon, June 19 2017. 15:57 IST