NEW DELHI: Gulshan Group is set to invest approximately ₹3,300 crore in five projects across the National Capital Region (NCR) during the financial year 2026-27, aiming to enhance its footprint in both luxury and mid-income housing segments.
The company plans to allocate around ₹1,000 crore for a project featuring a Taj-branded hotel and serviced apartments in Sector 129, Noida, in collaboration with the Indian Hotels Company (IHCL). This development will include a 150-room luxury hotel and 74 serviced apartments, with sizes around 7,500 sq ft. Apartment prices are projected to fall between ₹35 crore and ₹100 crore.
Situated on a 10,500 sq meter parcel acquired in 2021, the project is expected to be completed within the next four to five years.
Gulshan Nagpal, the company’s chairman, stated that they anticipate generating around ₹2,000 crore from the serviced apartment segment and are exploring financial institutions for funding options for the overall development.
The company’s venture into branded luxury residences and hospitality developments comes in response to shifting demand trends in the premium housing market in Noida.
According to Deepak Kapoor, the company director, their previous focus was primarily on the luxury segment, having developed over 250 bungalows in East Delhi. They shifted towards mid-income housing in Noida due to market conditions. “The market has matured towards luxury and ultra-luxury housing in Noida, and we are realigning our offerings accordingly,” he remarked.
Kapoor added that their previous project, Gulshan Dynasty, has demonstrated strong demand, providing positive buyer feedback. “The current project is a continuation of that strategy, focusing on branded residences and high-end hospitality,” he noted.
He emphasized that Noida currently has a shortage of quality hospitality and premium residential options. “With limited organized hotel inventory, demand is anticipated to rise due to infrastructure expansion and commercial activity,” Kapoor explained.
Beyond this project, the company intends to launch four additional projects in FY27—three in Noida and one in Ghaziabad—totaling an investment of approximately ₹2,300 crore. Projects in Noida will represent an investment of about ₹1,600 crore, while Ghaziabad will see around ₹700 crore invested, Kapoor disclosed.
Kapoor concluded that upcoming launches will encompass a mix of luxury and mid-income housing developments.
