Prateek Group will develop a ₹500 crore high street mall in Siddharth Vihar, Ghaziabad, spanning around 2 lakh sq. ft. and built entirely on a 100% lease-based model. The project marks a major expansion of the Group’s commercial real estate portfolio and adds a landmark retail, dining and entertainment destination to one of NCR’s fastest-growing residential corridors.
By retaining full ownership of the asset and operating it purely through leasing, Prateek Group will earn long-term, recurring rental income while keeping tight control over the mall’s brand mix, positioning and customer experience.
Key Facts: Prateek Group’s ₹500 Crore Siddharth Vihar Mall
| Detail | Information |
|---|---|
| Developer | Prateek Group |
| Project | High street mall (retail + dining + entertainment) |
| Location | Siddharth Vihar, Ghaziabad, NCR |
| Investment | Approximately ₹500 crore |
| Development footprint | Around 2 lakh sq. ft. |
| Ownership model | 100% lease-based (asset retained by Prateek Group) |
| Revenue type | Annuity-generating / recurring rental income |
| Announced by | Prashant Tiwari, Chairman, Prateek Group |
A New-Age Retail, Dining and Entertainment Destination in NCR
The high street mall in Siddharth Vihar is envisioned as a new-age lifestyle hub built for the area’s rapidly expanding residential population. Rather than a conventional shopping centre, the project is designed as an experience-led destination that brings shopping, food, entertainment and community together in a single ecosystem.
The development supports Prateek Group’s long-term strategy of building a portfolio of annuity-generating commercial assets alongside its established residential business creating a durable, recurring revenue stream and long-term value from commercial real estate.
Because the mall is run entirely on a leasing model, Prateek Group can curate tenants carefully, manage brand positioning, maintain high operating standards and shape the overall consumer experience end to end.
What the Prateek Group Mall Will Offer
Retail: A curated mix of national and international brands across fashion, consumer electronics, athleisure, ethnic and formal wear, jewellery, footwear, beauty, accessories and other lifestyle categories.
Entertainment: A state-of-the-art multiplex plus dedicated kids’ entertainment and family recreation zones, positioning the mall as an experience-driven destination that goes well beyond shopping.
Food & beverage: Quick-service restaurants, cafés, speciality food concepts, premium casual dining, fine-dining restaurants and banquet facilities creating a strong culinary and social ecosystem within the development.
Why Siddharth Vihar Is a Strategic Location
Strategically located in Siddharth Vihar, Ghaziabad, the project draws on a large and expanding residential catchment spanning Indirapuram, Crossings Republik, Raj Nagar Extension, Noida, Greater Noida and the NH-24 corridor.
Continued residential growth and improving regional connectivity have driven rising demand for organised retail, dining and entertainment infrastructure — demand this landmark high street mall is designed to meet.
Prateek Group Chairman on the ₹500 Crore Mall
Speaking on the announcement, Prashant Tiwari, Chairman, Prateek Group, said the ₹500 crore high street mall is central to the Group’s strategy of building a strong portfolio of income-generating commercial assets. He noted that the vision is to create a destination uniting shopping, dining, entertainment and community experiences within one ecosystem and that retaining the asset under a fully lease-based model allows the Group to curate the right brand mix, uphold high operational standards and deliver a consistently strong consumer experience while generating sustainable long-term rental revenues.
Economic Impact and What It Means for Ghaziabad
Beyond retail, the development is expected to generate economic activity across hospitality and entertainment, create employment, and further strengthen Siddharth Vihar’s emergence as a major residential and commercial hub within NCR.
With an outlay of roughly ₹500 crore, a footprint of around 2 lakh sq. ft. and a 100% lease-based structure, Prateek Group aims to establish the project as a landmark organised retail and entertainment destination in Ghaziabad significantly expanding its portfolio of annuity-generating commercial assets.
Frequently Asked Questions
Where is Prateek Group building its ₹500 crore high street mall?
Prateek Group is developing the ₹500 crore high street mall in Siddharth Vihar, Ghaziabad, within the National Capital Region (NCR).
How big is the Prateek Group Siddharth Vihar mall?
The mall has a development footprint of around 2 lakh sq. ft. and an investment of approximately ₹500 crore.
What ownership model is the mall based on?
The project follows a 100% lease-based model. Prateek Group retains ownership of the asset and earns long-term recurring rental income.
What will the mall include?
It will feature retail (national and international brands), a state-of-the-art multiplex, kids’ and family entertainment zones, and a wide food and beverage mix from cafés and QSRs to fine dining and banquets.
Who announced the project?
The project was announced by Prashant Tiwari, Chairman, Prateek Group.