Shree KB Group Plans ₹425 Crore Investment in KB West Walk Project
Real estate developer Shree KB Group is set to invest ₹425 crore in its flagship commercial project, KB West Walk, a large-format shopping mall coming up in Greater Noida.
- Location: Greater Noida
- Total Leasable Area: 7.5 lakh sq ft
- Land Acquisition Cost: ₹122 crore
- Construction Cost: ₹300 crore
- Commercial Units: 1,290 available for sale and lease
- Expected Lease Rentals: ₹250 per square foot
The project is expected to be completed by October 2030, aligning with the rapid growth of Greater Noida West as a thriving commercial hub.
Founder's Statement
"We are proud to unveil our flagship commercial project in Greater Noida West. KB West Walk will primarily operate on a leasing model. We are already in advanced discussions with top retail, food and beverage, and entertainment brands to deliver an exceptional experience for mall customers," said Rakesh Singhal, founder of Shree KB Group.
Recent Developments
- In January, Shree KB Realty acquired a nearly 3-acre land parcel in Greater Noida for ₹122 crore through an auction process.
- Last month, the company leased over 75% of its commercial project, KB Mart, to a mix of domestic and international brands.
About Shree KB Group
Founded in 2005, the developer has built a portfolio across residential and commercial segments in the National Capital Region. The group previously delivered KB Complex, a 1.45 lakh sq ft commercial project.
- Total Developed Space: 5.5 lakh sq ft
- Total Project Value: ₹800 crore
- Real Estate Consulting Business: Operates in this sector and has facilitated real estate transactions over 250 acres of land.
- Industrial Park Development: Played a role in establishing an industrial park for Patanjali.