Noida: NCR-based realty developer SKA Group has recently launched a new high-street commercial project, SKA Arcadia, in Ghaziabad’s Wave City. The project is located at a 2-minute distance from NH-24, the fastest developing housing corridor, and offers smooth connectivity to adjoining regions like Noida, Greater Noida, and Delhi.
The project is surrounded by many densely populated residential townships projects like Wave City, Aditya World City, Land Craft, and key educational institutes like the Jaipuria Institute of Management. It is located on the main entrance road of Wave City and Aditya World City. SKA Group is one of the leading real estate developers in NCR and has been in the business for over 20 years. The Group has focused on developing affordable group housing projects in Noida and Greater Noida. This will be SKA’s first commercial project in the Ghaziabad region.
The Group will invest 125 crores in the project, which is spread across 7860 sq mt. The project will be a Signature High street commercial project and will be located on a two-side-open corner plot. It will consist of retail outlets, society shops, high street shops, food courts, restaurants, and banquet halls. The Group will develop 2.5 lakh sq ft of retail spaces in the project. The high-street project will have a wide frontage of 500 ft, providing complete visibility to all the shops.
The two side-open corner plots will impart the project a classic high-street look along with better functionality and breathing space. Retail shops on the ground floor will be of double height. Smart features like advanced Surveillance systems, Smart Metering, Fiber Connectivity, Street Light Automation, Automated Light, and Eco-Friendly Smart Parking will also be installed for excellent customer experience and user convenience. It will also have a sufficient number of elevators and escalators to facilitate smooth vertical movements.
The project has been funded through company resources and bank funding. On the project’s launch, Sanjay Sharma, Director, of SKA Group, said, “Over the years, high-street projects have gained immense traction, with consumers developing an affinity towards them. Ghaziabad has been at the pinnacle of real estate development and witnessed project development of all kinds due to its proximity to other parts of NCR. We felt this is the right time to launch a high-street commercial project to give consumers a high-end commercial-retail shopping experience.”
The project is expected to be delivered by December 2025. Its RERA approval came in December 2022. The project will attract 10 lakh population from the nearby group housing projects and regions located in its vicinity.
Continuing, he said, “Owing to its prominent location, we have been receiving a robust investors’ response. SKA Group has always ensured the timely delivery of its project and our commitment to our customers and investors is paramount. We are expecting to deliver the project by 2025 end.”
About SKA Group
SKA GROUP was formed with a view to constructing a group housing society in Greater Noida-West. SKA Group was started in 2012 by Shri Sanjay Sharma and completed a project called SKA Green Mansion at Greater Noida-west in Company called SKA Realtech Pvt. Ltd.
SKA Group is a major real estate group with a strong presence in NCR. It had earlier developed several housing projects in Noida and Greater Noida. The Group is now making its foray into the premium housing and commercial realty segment. The company is known for developing eco-friendly IGBC-certified projects and has always found recognition for delivering projects in accordance with the RERA timeline.
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