New Delhi, Jun 22 (PTI) Realty firm Ashrai Infra on Thursday said it will invest Rs 1,284 crore to develop a 25-acre commercial project in Greater Noida (West).

The company has launched the project 'Golden Grande' which will have office space as well as high-street retail.

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"Ashrai Infra is investing Rs 1,284 crore in the development of Golden Grande. An initial investment of Rs 631 crore will be deployed in the 1st phase of Golden Grande demonstrating the company's commitment to the project," Ashrai Infra said in a statement.

Prior to this project, it delivered a 25-acre IT/ITES project -- Golden I -- in Greater Noida West with a built-up area of 20 lakh square feet, it added.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)