Tribeca Signed 3 Acre Joint Development Deal in Noida for Mixed-Use Development

Tribeca Signed 3 Acre Joint Development Deal in Noida for Mixed-Use Development

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5 year(s) ago

Tribeca and Logix Group Partner for Mixed-Use Development in Noida. Real estate developers Tribeca and Logix Group have joined forces to develop a mixed-use project in Noida, Uttar Pradesh. Tribeca has Signed 3 Acre Joint Development Deal in Noida for Mixed-Use Development with Logix group in Sector 32, Noida.

Project Highlights:

  • Investment: Approximately ₹250 crore
  • Location: Sector 32, Noida
  • Land Area: 3 acres (owned by Logix Group)
  • Project Type: Mixed-use development (retail, office, branded residences)
  • Project Timeline: 3 years

Project Components:

  • Retail: 1.5 lakh sq. ft. (connected to existing Logix City Centre mall)
  • Office: 1.5 lakh sq. ft. of developable space
  • Branded Residences: 2 lakh sq. ft. (200 studio and 1 BHK apartments, starting from ₹1.5 crore)
    • Tribeca is in talks to finalize a brand for the residences.

Significance:

  • This marks the first collaboration between Tribeca and Logix, with plans for future projects.
  • It reflects Tribeca’s expansion beyond luxury residential projects (Trump Towers) into mixed-use development.
  • Logix leverages their land ownership and expertise for this joint venture.

Additional Information:

  • Tribeca recently partnered with HDFC Capital for a ₹500 crore platform to develop housing projects.
  • On the same day, Logix announced a partnership with ATS Group to complete existing projects in Noida.

This news indicates Tribeca’s strategic move to diversify their portfolio and enter the Noida market. The mixed-use project caters to various needs with retail, office space, and branded residences, potentially offering a well-rounded development for the Noida community.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

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