Ghaziabad, Uttar Pradesh · September 2026
Prateek Group has announced plans to develop a high street mall in Siddharth Vihar, Ghaziabad a roughly 2-lakh-sq-ft retail, dining and entertainment destination worth approximately ₹500 crore. The project marks a significant expansion of the Group’s commercial real estate portfolio and will be developed on a 100% lease-based model, with Prateek Group retaining ownership of the asset and building long-term recurring rental revenue.
Envisioned as a new-age shopping, dining and entertainment hub, the mall is designed to serve the rapidly growing residential population of Siddharth Vihar and the wider NCR catchment along the NH-24 corridor.
Prateek Group’s ₹500 crore Ghaziabad mall at a glance
- Developer: Prateek Group
- Location: Siddharth Vihar, Ghaziabad (NH-24 corridor), NCR
- Project value: approximately ₹500 crore
- Development footprint: around 2 lakh sq. ft.
- Format: high street mall retail, dining and entertainment
- Ownership model: 100% lease-based; asset retained by Prateek Group
- Positioning: a landmark organised retail and entertainment destination for Ghaziabad
Why Prateek Group chose a 100% lease-based model
The high street mall forms part of Prateek Group’s long-term strategy to build a portfolio of annuity-generating commercial assets that complements its residential development business. By retaining ownership and operating the mall entirely through leasing, the Group aims to create a sustainable recurring revenue stream while building long-term value from its commercial portfolio.
The fully lease-based format also gives Prateek Group greater control over tenant curation, brand positioning, asset management and the overall consumer experience the levers that separate a well-run high street destination from a fragmented, strata-sold retail block.
“The ₹500 crore high street mall in Siddharth Vihar is an important part of our strategy to build a strong portfolio of income-generating commercial assets. Our vision is to create a destination that brings together shopping, dining, entertainment and community experiences under one ecosystem. By retaining the asset and following a completely lease-based model, we will be able to curate the right brand mix, maintain high operational standards and create a consistently strong consumer experience while generating sustainable long-term rental revenues.”
— Prashant Tiwari, Chairman, Prateek Group
What the Siddharth Vihar high street mall will offer
Retail and fashion
The mall is designed as a comprehensive family and lifestyle destination with a curated mix of national and international brands spanning fashion, consumer electronics, athleisure, ethnic wear, formal and casual fashion, jewellery, footwear, beauty, accessories and other lifestyle categories.
Entertainment and family zones
Entertainment is a core part of the plan. The development is expected to feature a state-of-the-art multiplex alongside dedicated kids’ entertainment and family recreation zones positioning the mall as an experience-led destination that goes well beyond conventional retail.
Food and beverage
The food and beverage line-up is planned to include 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.
Siddharth Vihar: a growing NCR retail catchment
Strategically located in Siddharth Vihar, the project is expected to benefit from a large and expanding residential catchment across Indirapuram, Crossings Republik, Raj Nagar Extension, Noida, Greater Noida and the NH-24 corridor. Continued residential development and improving connectivity across the region have created growing demand for organised retail, dining and entertainment infrastructure demand a high street mall of this scale is designed to meet.
Beyond shopping and leisure, the development is also expected to generate economic activity across retail, hospitality and entertainment, create employment opportunities, and further strengthen Siddharth Vihar’s emergence as a major residential and commercial destination within NCR.
Prateek Group’s commercial expansion
With a project worth approximately ₹500 crore, a development footprint of around 2 lakh sq. ft. and a 100% lease-based model, Prateek Group aims to establish the Siddharth Vihar high street mall as a landmark organised retail and entertainment destination in Ghaziabad while significantly expanding its portfolio of annuity-generating commercial assets and building on two decades of delivering landmark residential communities across Noida, Ghaziabad and Greater Noida.
Frequently asked questions
What is Prateek Group building in Siddharth Vihar?
Prateek Group has announced a high street mall in Siddharth Vihar, Ghaziabad a roughly 2-lakh-sq-ft retail, dining and entertainment destination worth approximately ₹500 crore, developed on a 100% lease-based model with Prateek Group retaining ownership of the asset.
How big is the Prateek Group mall and what will it cost?
The mall has a development footprint of around 2 lakh sq. ft. and a project value of approximately ₹500 crore. It is positioned as a landmark organised retail and entertainment destination in Ghaziabad.
What is a 100% lease-based model?
Under a 100% lease-based model, Prateek Group retains ownership of the mall and leases space to tenants rather than selling units. This gives the Group long-term recurring rental income and full control over tenant curation, brand mix, asset management and the consumer experience.
What will the mall include?
It is planned as a family and lifestyle destination with national and international brands across fashion, electronics, athleisure, ethnic and formal wear, jewellery, footwear, beauty and accessories; a multiplex with kids’ and family recreation zones; and an F&B mix from quick-service restaurants and cafés to fine dining and banquet facilities.
Where is Siddharth Vihar and why does the location matter?
Siddharth Vihar is a fast-growing residential and commercial micro-market in Ghaziabad along the NH-24 corridor, drawing a catchment across Indirapuram, Crossings Republik, Raj Nagar Extension, Noida and Greater Noida a large and expanding base of demand for organised retail and entertainment.
Explore Prateek Group’s residential communities in Siddharth Vihar and across NCR. Every Prateek project is RERA-registered and open for a free site visit. View live projects or call +91 966 744 4119.
This announcement reflects Prateek Group’s development plans as stated by the company. Project details, scope and timelines are indicative and subject to change and regulatory approvals.