For this project, he said the company had tied up in 2015 with local developer Aims Max Gardenia that bought the land from Noida Authority.
Saxena said the company would have 60 per cent share in the sales revenue while Aims Max Gardenia would get the remaining 40 per cent.
The construction of the project started in 2016 and is expected to be completed by 2022.
Asked about the investment, he said the total built up area is about 2.5 million sq ft and the per sq ft construction cost would be only Rs 2,500.
The development cost of high-street retail is less than that of a shopping mall, he added.
Saxena said the company has sold about 5,00,000 sq ft out of the 1.7 million sq ft launched so far.
He said the company has already tied up with INOX for the multiplexes.