CRC Group to develop IT/ ITES project in Noida, eyes Rs 1200-cr revenue

The CRC Group, a realty player headquartered in Noida (UP), has announced the launch of its much-awaited commercial project with intelligent office spaces — CRC Flagship — in Sector 140, Noida. The company plans to invest around Rs 800 crore for developing this project and the expected revenue is Rs 1200 crore.

Spanning across a total of 24 lakh square feet area, CRC Flagship comprises 12 lakh square feet of contemporary office spaces, 4 lakh square feet of premium retail outlets, 102 units serviced apartments, and an extensive 7 lakh square feet dedicated to various essential services. The retail segment will offer an exquisite blend of high-street and air-conditioned shopping experiences, including a food court, prominent anchor shops, and vanilla shops on the leasing model. The company claims this project to be one of its kind in Noida and Greater Noida.

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Designed with sustainable development as a key feature, an area equivalent to the ground coverage of the project has been reserved exclusively for landscape development, reflecting the company’s core principle of “giving back to nature.”

CRC, at present, is undertaking the construction of projects spread over a total of 72 lakh sq ft area. Besides, the company is also on an ambitious growth trajectory. Pursuing this, it has acquired prime real estate in Greater Noida West, collaborated with Jaypee to construct a high-end, ultra-luxury residential complex with a golf course view, and has plans to develop a mixed-use land parcel exclusively on a lease basis in Noida at Expressway.

With the CRC Flagship at the forefront of its endeavours, CRC continues to uphold its commitment to fostering sustainable and groundbreaking real estate developments, contributing significantly to Noida’s dynamic and progressive landscape and Greater Noida.