"We are expecting to earn a rental of around Rs 75 crore annually from this shopping mall. The revenue could reach Rs 125 crore annually in the next three years with increase in footfalls," he told PTI on the sidelines of an event.
Besides the mall, the six-acre commercial project has 1,200 offices, 200 service apartments and a 187-room hotel. The total developable area is around 15 lakh sq ft.
Gaurs is also developing a 240-acre township 'Gaur City' with an investment of Rs 8,000 crore and this mall will be a part of this integrated project catering to about 30,000 families.
Over 1,00,000 flats are being constructed in Noida Extension area, mostly in the affordable housing segment.
This is the company's second shopping mall. It has already developed 'Gaur Central Mall' at Raj Nagar District Centre in Ghaziabad.
It is also a part of 'Crossing Republik' township in Ghaziabad, being constructed by seven developers.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)