Saya Group, a real estate company, has announced plans to invest Rs 2,000 crore to construct a 14 lakh square foot shopping mall in Noida as part of its expansion plan. The mall, named Saya Status, will be completed by January 2025 with nine floors and a height of approximately 160 square feet. The company will keep 70% of the mall, but plans to lease 30% to investors while retaining the leasing rights. The investment will be funded by internal accruals and loans from IIFL. Saya Group is selling the retail space for a price range of Rs 18,000 to Rs 40,000 per square foot. The company has also completed four residential projects and is presently working on three retail projects in Noida and Greater Noida.
Saya Group to Invest Rs 2000 Crores in 14 Lakh Sq. Ft. Shopping Mall in Noida
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